UMP Healthcare Holdings Limited ("UMP" or the "Group", Stock Code: 722.HK) is pleased to announce today that UMP Professional Management Limited, an indirect wholly-owned subsidiary of the Company, has entered into an agreement with FTLife Insurance Company Limited ("FTLife") to provide its insured, policyholders and their family members with medical management and value-added services, starting on 1 October 2022 for a period of three years.
Imaging diagnostic tests, ambulatory examinations and day surgeries have become increasingly common in recent years. Upon entering the agreement, FTLife individual medical insurance scheme members can receive cashless treatment with pre-approval by network doctors for diagnostic imaging tests, gastroscopy, colonoscopy, wart removal surgery, cataract surgery, inpatient surgery and a series of other related services. In addition, approved day surgery arrangements will be payment-free and claims-form-free, so that patients can receive timely and high-quality medical services, while having comprehensive protection for patients and their families with less financial burden and psychological stress during treatment.
UMP has been working closely with many insurance companies for years, offering various corporate healthcare solutions, designing and managing members' plans, and providing third-party medical administration services, such as specialist referrals, inpatient arrangements, second medical opinions, and Mainland medical escort service, VIP channel, etc. This new service agreement with FTLife is UMP's first customized healthcare solution for individual scheme customers of an insurance company, further intensifying the collaboration model of "Medical+Insurance".
Ms. Jacquen KWOK, Executive Director and Managing Director of UMP, said, "We are pleased to collaborate with FTLife, which is well-known in the industry for its diverse portfolio of products and services. The agreement with FTLife will further expand our healthcare services to the B2B2C market, explore more potential customer groups and fill the market loopholes. It will contribute to the Group's business in the future."
Ms. KWOK added, "As Hong Kong's ageing population continues, the demand for high-end personal medical services and preventive medicine to present medical services market continues to rise. We aim to grasp this trend to provide patients with high-quality and professional medical services. The importance of medical imaging diagnosis and related services is growing and cannot be ignored for future medical services market development. Through this partnership with FTLife, the Group will not only strengthen the "Medical+Insurance" cooperation, but also enhance the usage and revenue of the Group's medical imaging services."
