INSURANCE TECHNOLOGY

Cardinality.ai acquires ClearCycle, a proven Claims & Disbursement technology company

Cardinality.ai | December 08, 2021

Cardinality.ai_News
Cardinality.ai, a data technology group helping government agencies achieve better outcomes through artificial intelligence (AI) solutions has acquired ClearCycle, based in Redmond WA, a proven Claims and Disbursement Management technology provider since 1983, for the Healthcare and Insurance industries, to expand its suite of SaaS solutions.

"The acquisition of ClearCycle will accelerate our mission of enabling government workers to deliver citizen services effectively. ClearCycle's depth of knowledge in claims, payments, disbursements, and compliance reporting with their track record of serving its clients in regulated industries will expedite the deployment of our ready-built solutions. In addition, we welcome the ClearCycle team, who will improve our ability to serve US Government agency clients and increase the scale of our US-based client success team."

- Thiag Loganathan, CEO of Cardinality.ai.

"Joining hands with the Cardinality team, we are excited about the possibilities of coupling our 20+ years of knowledge and subject matter expertise with Cardinality's modern software, built with configurable modules, cloud-based tech, a powerful AI assistant, and an intuitive interface, powered by a low-code platform"

- Ravi Nithyanandham, Chief Technology Officer of ClearCycle.

With decades of experience in complex healthcare claims, payments, disbursements, translation to different currencies with international funding requirements, and regulatory reporting, the ClearCycle acquisition improves Cardinality features, such as compliance tracking, Medicare and Medicaid reporting while ensuring payments are disbursed quickly, appropriately, and traced easily.

ClearCycle will continue to operate under that name and is now a wholly owned subsidiary of Cardinality.ai.

About Cardinality.ai
Cardinality helps government agencies achieve better social and economic outcomes through intuitive, AI cloud-based solutions. Founded in 2017 by four serial entrepreneurs and a team of data specialists, the company has one goal: impact a billion lives. And it's already on its way—Cardinality solutions are being used by multiple agencies in the states of Indiana and Maryland. Their suite of solutions is built specifically for workforce, health, and human services leveraging it's modern AI Case Management, CRM, ERP, RedBird AI and Low-Code platform, so that agencies can modernize existing systems up to 50% faster than other low-code platforms and 200% faster than custom or unproven solutions.

Spotlight

In the U.S., 2 million people suffer from antibiotic-resistant infections every year and 23,000 die as a direct result.i When antibiotics fail, patients can suffer allergic reactions, severe diarrhea, dehydration, colitis, reproductive complications, and paralysis, among other complications, and even death.ii An antibiotic-resistant infection doubles a patient’s hospital stay and increases their risk of death by 200%.iii Further, the cost of treating a patient with an antibiotic-resistant infection ranges from $18,558 to $29,069.iv Put another way, antibiotic-resistant infections cost U.S. taxpayers approximately $20 billion annually, and lost productivity costs for employers could be as high as $35 billion.

Spotlight

In the U.S., 2 million people suffer from antibiotic-resistant infections every year and 23,000 die as a direct result.i When antibiotics fail, patients can suffer allergic reactions, severe diarrhea, dehydration, colitis, reproductive complications, and paralysis, among other complications, and even death.ii An antibiotic-resistant infection doubles a patient’s hospital stay and increases their risk of death by 200%.iii Further, the cost of treating a patient with an antibiotic-resistant infection ranges from $18,558 to $29,069.iv Put another way, antibiotic-resistant infections cost U.S. taxpayers approximately $20 billion annually, and lost productivity costs for employers could be as high as $35 billion.

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LIFE INSURANCE

Policygenius and CBIZ Announce Partnership to Expand Life Insurance Offerings and Empower Agents to Place More Term Life Coverage

Policygenius and CBIZ | October 04, 2022

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This ultimately provides clients with the best service possible, while also helping CBIZ save time and make their term life production more profitable. "Policygenius Pro gives us a way to both expand and streamline our term life production, We trust Policygenius Pro to provide top-tier service to our clients while also empowering our agents to have more thorough and holistic conversations about life insurance." -Anne Long, RICP and President of Life Insurance Solutions at CBIZ The partnership is initially rolled out to CBIZ advisors who have each been equipped with unique landing pages and engagement tools to launch into life insurance conversations with their clients. They can take advantage of Policygenius' expansive carrier shelf to provide clients with a breadth of coverage options and confidently discuss how these may fit in with their larger financial plans. 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About Policygenius Pro Policygenius Pro is a turnkey partnerships platform that helps independent agents and financial advisors accelerate and streamline life insurance sales. With this program, Policygenius provides its one-stop-shop insurance solution to financial advisors, independent agents, community banks, credit unions, and more, with the goal of helping partners' clients get the insurance coverage they need. Partners receive access to a wide variety of insurers, coverage types, and policy options, including accelerated underwriting offerings exclusively available on the Policygenius platform. About Policygenius Policygenius transforms the insurance journey for today's consumer, providing a one-stop platform where customers can compare options from top insurance carriers, get unbiased expert advice, buy policies, and manage their insurance portfolio, in one seamless, integrated experience. 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WORKERS COMPENSATION,INSURANCE TECHNOLOGY

Insurity Launches New Payroll Validator Feature for Sure Premium Audit, Enabling Workers’ Comp Carriers to Streamline the Audit Process

Insurity | November 29, 2022

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CLAIMS, INSURANCE TECHNOLOGY

One Inc Partners with Hi Marley to Disrupt Claims Payment Processing and Modernize the Policyholder Experience

One Inc | October 27, 2022

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