Milliman IntelliScript and Clareto today announced a new collaboration to deliver electronic health record (EHR) data to life, long-term care, and disability insurers via the IntelliScript user platform. The collaboration supports the industry’s movement toward comprehensive insurtech solutions that modernize the insurance application and underwriting process and meet consumer preference for a superior digital experience.
Milliman IntelliScript aggregates and interprets real-time prescription, medical claims, credit, and other consumer data to help insurance carriers instantly and accurately assess an applicant’s risk profile. The arrangement will enable IntelliScript to extend Clareto’s vast array of health information exchange (HIE) and EHR data resources to clients in a one-stop-shop format.
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“We’re always seeking out collaborations that deliver high-quality electronic data to our clients. It makes sense to leverage Clareto’s HIE experience and EHR network to increase value to the insurers we serve,” said Angela Bolduc, Principal and Managing Director at Milliman IntelliScript. “Over the coming months, we’ll make Clareto EHR data available to our clients directly from our interface and ultimately provide interpretation through our Irix® underwriting rules engine.”
“Insurers are excited about the potential for EHR data to significantly reduce time-consuming and invasive tools like paramedical exams and traditional attending physician statements, enabling a faster and better customer experience,” said Dave Dorans, CEO of Clareto. “This arrangement with Milliman IntelliScript helps to align underwriting with new distribution models and streamline the insurance purchase process.”