Real-time Medical Underwriting

Real-time Medical Underwriting is a true turnkey solution that allows you to generate quotes faster and with statistically greater accuracy than ever before, so you can act more quickly and strategically on market opportunities.

Real-time Medical Underwriting allows you to…

Don’t just increase your book of business. Improve upon it—at record speed—with Real-time Medical Underwriting. Only from Ingenix.

As health care costs continue to rise, payers are seeking to better understand and measure the health risk of existing and prospective members. One challenge for these organizations is the creation of appropriate premium structures, matching premium rates to expected medical expenses as closely as possible. Moreover, currently only 10% of prospective clients who are quoted initial rates actually proceed through traditional medical underwriting to receive a final rate—meaning that by using the traditional two-step method of establishing rates, 90% of potential new business is lost.

Better, faster information on the health risk of new employer groups can reduce two steps to just one, a development essential to capturing lost revenue. That’s where Ingenix comes in.

Our Real-time Medical Underwriting solution enables your underwriters to leverage a combination of rich data assets, industry-leading technologies, powerful analytics, and expert consulting services so they can measure future risk more accurately and rate groups more precisely, which in turn allows you to grow your business more profitably. It’s also an easy-to-use, largely automated process, so the gains over more traditional, much slower methods of calculating risk are dramatic: not only is effort greatly reduced, but the results come exponentially faster.

To learn more, download the Real-time Medical Underwriting Platform overview