Health Gorilla | October 01, 2021
Atidot, the next-generation AI and predictive modeling platform for understanding policyholder needs, and Heath Gorilla, the leading provider of healthcare data, have announced a strategic partnership focused on providing data access and management tools that life insurers use to overhaul their customers' journey from underwriting to portfolio management.
The partnership will improve the experience of Atidot's life insurance customers during key stages of their journey. Health Gorilla's access to and connectivity with health and wellness data sources, coupled with Atidot's proprietary technology to understand and predict policyholder needs and preferences, will allow top insurers to engage, measure, and proactively manage risks of their new and existing business.
Atidot is a Silicon Valley startup that provides a data-driven platform for life insurers, powered by AI, machine learning, and predictive analytics.
Health Gorilla, the largest aggregator of health data in the United States and Latin America, securely provides life insurance underwriters with HIPAA-compliant, permission-based access to streamlined health data through its FHIR-based clinical data APIs allowing insurers to make more informed decisions when assessing underwriting risks.
Atidot is pleased to partner with Health Gorilla in the life insurance space to provide a complete view of the customer-driven opportunities we see in this business, Health Gorilla's data is a crucial piece of the puzzle. Together we are capable of transforming the insurer's ability to maximize the value and provide additional benefits for their customers.
- Dror Katzav, Founder and CEO of Atidot.
We are excited to partner with Atidot and support the life insurance industry as we expand our product offering for life insurance customers, This creates a strong market relationship for two transformational organizations who together can streamline and improve how new business is underwritten and managed - placing the customer first.
- Steve Yaskin, CEO and Co-founder of Health Gorilla.
About Health Gorilla
Health Gorilla is a secure interoperability platform that allows insurers to completely streamline and scale how medical records are retrieved and analyzed. Through the Health Gorilla platform, insurers leverage structured, complete medical records into their internal solutions to inform risk assessments, streamline underwriting workflows, and enhance the policyholder experience.
Atidot is a cloud-based, SaaS platform tailored specifically to the needs of the life insurance industry, which uses artificial intelligence, machine learning and predictive analytics to enable life insurers to make data-driven business decisions.
Sapiens, VPay | February 19, 2021
Sapiens International Corporation, a main worldwide supplier of software solutions for the insurance industry, and VPay, an insurance industry pioneer in quick and secure e-payments, reported today an association that will stretch out VPay's digital payment services to workers' compensation insurers.
Insurers will likewise approach Sapiens GO for Workers' Compensation, a thorough suite for controlling workers' compensation strategies and cases. The joint offering will give insurers a total digital payment stage that will smooth out operational expenses, improve client associations, and satisfy the need for quick, protected and solid B2B and B2C claims payment handling.
"Streamlining claim processes is central to achieving economies of scale across the workers' compensation insurance sector, and digital payment is an important component of this strategy," said Jeff Brown, President of VPay. "We are pleased to partner with a forward-looking company like Sapiens and extend greater value to their clients through VPay's total payment solution."
Until now, VPay's answer has empowered workers' compensation insurers to digitize 40-55% of all specialist organization payments, yielding up to $1 million in investment funds on print, mail and depository expenses. Among insurers utilizing VPay to make payments to harmed workers, 60-75% of those payments have gone electronic.
The association comes in the midst of a change in outlook in the insurance industry, with the ascent of insurtechs and advances in man-made reasoning and Big Data making digital change a serious basic for insurers. As payers strive to meet client assumptions for claims payments at the "speed of light," coordinating digital payments has assisted insurers with addressing the requirement for speed, which has just increased in the midst of the COVID-19 pandemic.
A new Lightico-Sapiens survey of workers' compensation professionals found that the pandemic has prompted an ascent in digital client collaborations, including the digitization of administrative work, structures and marks – further solidifying client assumptions for consistent, proficient and secure digital encounters in insurance
"With insurers facing a new competitive landscape, digital innovation is more important than ever," said Michael Desrochers, VP Product Strategy and Alliances at Sapiens. "In joining forces, VPay and Sapiens have forged a synergistic partnership that will equip insurers with the next-generation solutions they need to flourish."
Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation and financial markets. With more than 35 years of experience delivering to over 550 organizations globally, Sapiens has a proven ability to satisfy customers' core, data and digital requirements.
Invoice Cloud | March 17, 2021
Invoice Cloud, an EngageSmart answer for online bill payment services, today reported huge development in the insurance industry, having marked 150 insurance clients in three years. Invoice Cloud presently serves clients in large commercial and personal lines, laborer's compensation, farm bureaus, medical malpractice, regional carriers, and managing general agents (MGAs)— supplanting significant contenders more than 40 times.
The previous year brought a restored push for advanced change in the insurance industry as a worldwide pandemic challenged insurers to communicate, service and process manual payments, and to win new business. All must be managed without taking a chance with the wellbeing and prosperity of workers acquainted with an in-person working model.
With mail frameworks under huge tension in the midst of extreme climate occasions and a critical expansion in volume, the requirement for protected, productive, easy to use computerized payment choices has additionally skyrocketed. People and independent ventures have been under colossal monetary pressure with worldwide disturbance and a financial plunge at play, just enhancing the requirement for disentanglement of payments.
Invoice Cloud clients have encountered striking, substantial advantages from the stage. California Mutual, for instance, encountered a 151% expansion in e-appropriation and higher consumer loyalty, a 15x expansion in paperless enlistment, a normal diminishing of 15 hours of the week spent on payment compromise, and a lessening in sent payments, all inside a year of carrying out the Invoice Cloud arrangement.
Invoice Cloud has additionally as of late marked two large clients in laborer's compensation insurance. The organization's work with carriers of laborer's compensation insurance shows the arrangement's top-rate customization abilities, as these clients frequently choose a pay-more only as costs arise plan rather than the basic level fee model utilized by most insurance organizations.
About Invoice Cloud
Invoice Cloud, an EngageSmart solution, is the leading provider of online bill payment services. Founded in 2009, the company has grown to be one of the leading disruptors in the cloud-based electronic bill presentment and payment (EBPP) space, helping legacy institutions put customer experience first. By switching to InvoiceCloud, clients improve customer engagement, loyalty, and efficiency while reducing churn and missed payments in the process. With over 2,100 clients across the US and over 50 million payments processed annually, InvoiceCloud is one of the most secure, innovative, and inclusive fintech solutions in the market.