The government of Hainan province has entered into a strategic partnership with the National Healthcare Security Administration (NHSA) by signing a memorandum of understanding (MoU). This collaboration aims to enhance the medical insurance industry through the innovative use of real-world data in procurement processes and beyond.
Leveraging Real-World Data for Value-Based Procurement
Under the terms of the MoU, Hainan province and the NHSA will work together to leverage real-world data, ensuring value in procurement decisions. This approach will help optimize the allocation of resources and improve the efficiency of healthcare services provided to the population.
Enhancing Big Data Supervision of Medical Insurance Funds
The Hainan Provincial government is also set to increase its big data supervision capabilities over medical insurance funds, implementing non-contact supervision methods. This initiative will strengthen institutional capabilities and develop data management rules, which are crucial for the transparent and effective management of medical insurance funds.
Promoting High-Quality Development of the Medical Insurance Industry
The partnership’s goals include clarifying the application of technology in the medical insurance sector and promoting the high-quality development of the industry. This collaboration will not only benefit the residents of Hainan province but also contribute to the broader construction of the Hainan Free Trade Port, a key economic initiative in China.-Fineline Info & Tech
