SAP to Co-Innovate with Discovery Health to Transform Health Insurance Businesses into Intelligent Healthcare Enterprises

WALLDORF — SAP and Discovery Health, a leading and innovative South African medical insurance administrator, are partnering to combine data-driven insights, insurance and healthcare products with a customer-centric engagement platform to enable health insurance businesses to transform into intelligent healthcare enterprises, SAP SE (NYSE: SAP) announced today.

The partnership aims to combine Discovery Health’s industry experience and best-in-class healthcare systems platform with SAP’s world-leading software expertise to yield a unique, cutting-edge, all-inclusive health insurance solution.

With rising inflation and the digitalization of health, health insurers are looking to transform their systems and operations to realize the benefits of digital and analytics platforms and enhance user experiences. Health insurers are seeking new ways to cut costs, improve customer-centricity and develop more innovative products. SAP is collaborating with Discovery Health to deliver a solution for these needs.

“This partnership with SAP combines the best of our expertise and experience in building a world-class health insurance business with the technology and systems to make it scalable,” Discovery Health CEO Dr. Jonathan Broomberg said. “Through this new platform, we see significant opportunity for widespread adoption of our shared value model: insurer costs can be reduced while innovation thrives, providing policy holders with a more personalized healthcare journey and better healthcare outcomes. Ultimately, society can benefit from an improved healthcare system and healthier communities.”

Combining Discovery’s shared value insurance approach and health insurance expertise with the capabilities of SAP S/4HANA, the new offering will provide a fully integrated, data-driven platform. Core elements of the platform will include a rich data layer, a best-in-class insurance offering (including benefits management, claims processing and policy administration, disease management, care coordination, and healthcare and wellness elements customized for the user), and omnichannel customer engagement to put consumers at the heart of the platform. With this technology, SAP and Discovery Health aim to revolutionize the health insurance industry and ultimately improve the quality of healthcare worldwide.

Visit the SAP News Center. Follow SAP on Twitter at @sapnews.

Media Contact:
Stacy Ries, +1 484 619-0411, stacy.ries@sap.com, ET
SAP News Center press room; press@sap.com

This article first appeared on the SAP News Center.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2019 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.