Given the current sentiment in the crypto and blockchain market, the Health FX team has been advised to await a more favourable investment climate. As such we would like to announce that the crowd sale is being postponed until further notice.

Our team has always maintained a long term vision for Health FX, keeping the best interest of the community mind.

We want to ensure the best possible outcome for Health FX and it’s community, which at this time means we have to await a more favourable climate — Varun Panjwani, CEO

In the interim, the private token sale will…

A s a strong vote of confidence in Health FX and the viability of HFX Token, trade.io’s seed venture investment program has made a purchase of USD2.8m equivalent in HFX Tokens during the private sale.

Health FX, Asia’s leading health facilitation platform since 2010, headquartered in Singapore and trade.io Consulting Limited, headquartered in Hong Kong, would like to announce a formal partnership established on 1 August 2018 to assist Health FX with its Token Generating Event.

“Medical tourism” refers to traveling to another country for medical care. In 2016, more than 11 million residents left the U.S. to receive healthcare in another country. Many factors influence the decision to seek medical care overseas. Some people travel for care because treatment is cheaper in another country. Other medical tourists may be immigrants to their residential country who prefer to return to their home country for healthcare. Others may travel to receive a procedure or therapy not available in their country of residence. …

The rising body of medical knowledge has led to increased levels of medical specialisation and higher rates of referrals.[1] Studies have also correlated the number of physicians involved in a patients treatment to lower survival rates, with the primary driver being a diminished awareness of medical history.[2]

The aggregation, ownership and access provisioning of personal healthcare records must transform in order to truly shift the quality of future healthcare. Most people today will have health records distributed between their family doctors, hospitals, clinics, laboratories and personal health apps. …

The global demand for high quality health­care continues to rise unabatedly. It is projected that global spending on healthcare will increase from $9.1 trillion in 2017 to $18.3 trillion in 2040.[1]

The primary drivers for this growth are:

  • Aging and increasing populations
  • Emerging market expansions
  • Advances in medical treatments
  • Rising labour costs

Today, the number of people aged over 65 has increased to more than 656 million, or 11.5% of the total population. Emergency related healthcare costs represent less than 5% of total costs (U.S.).

Fraud within global healthcare systems is rife. Health insurance providers attempt to combat this through multi-modal, time consuming, often manual fraud-detection processes. The complexities of checks and verifications is further compounded when international healthcare providers are considered. Many insurance providers also rely on third-party verification services that cost in excess of USD150 per claim review. Ultimately, the need to complete these extensive checks on every claim, in the event that a minority may be fraudulent, results in extended processing times and increased costs. Both of which are passed through to consumers.

Health insurance claims can take upwards of six months…

The complex environment of the healthcare domain is compounded with the vast body of knowledge that exists within it. Publications of medical journals have increased steadily over 40 years, with the rate of increase becoming more pronounced starting approximately in the year 2000[1].

Today’s healthcare systems are extremely complex and individually identifying the best possible care options between and within the vast government and private providers continues to increase in difficulty.

“America’s health care system is neither healthy, caring, nor a system.”
― Walter Cronkite

The chart below displays the bewildering array of new U.S. government agencies, regulations and mandates that do little to simplify the complexity of powerful healthcare silos. Increasing legal and regulatory demand is resulting in similar complexities throughout Asia and other regions worldwide.

HealthFyx Pte. Ltd. is creating Health FX — a consumer centric service that will help identify the best healthcare for you, provide validated reviews, allow for seamless payment and process insurance claims faster. Health FX is the future of healthcare. Smarter.

Leveraging eight years of experience in medical facilitation and a global network of practitioners, HealthFyx, Asia’s leading health consultant and media company, is launching a token generation event to launch Health FX, an A.I. and blockchain-powered platform that aims to be the industry standard for consumer centric healthcare.

Varun Panjwani is CEO of Singapore-based HealthFyx Pte. Ltd., leading both…

We are excited to announce the HFX token generating event for Health FX.
Stay informed by signing up for our newsletter on the only official website http://www.hfxtoken.com and join the conversation on Telegram @hfxtoken.

Health FX

The Future of Healthcare. Smarter.

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