New York Life to Get Health Data From Cerner: Life Tech
Swiss Re has a new way to use prescription data. Sproutt is rewarding good behavior.
New York Life Insurance Company and Cerner Corp., a large health care technology company, said this week that they’re working together to develop better electronic health record (EHR) retrieval technology.
The companies said they’re trying to make use of health records in the life underwriting process easier for consumers and for health care providers.
Alex Cook, New York Life’s head of strategic capabilities, is overseeing the digital health data collaboration for New York Life,
Art Glasgow, senior vice president of strategic growth Cerner, is overseeing Cerner’s contributions.
New York Life is based in New York.
Swiss Re and Milliman have teamed up to help life insurers make more use of life insurance applicants’ prescription records.
The companies will be adding the Milliman Intelliscript Irix risk-scoring algorithm to Swiss Re’s Magnum Automated Underwriting Solution.
The life insurers that use the Swiss Re Magnum system will be able to use the Irix tool to estimate mortality risk.
Swiss Re has also announced an EHR data partnership with Diameter Health.
Swiss Re will use Diameter Health technology to organize and summarize EHR information, then feed the EHR information into the Magnum underwriting systems and other Swiss Re underwriting systems.
MedVirginia Inc. is working with 1upHealth Inc. to create a new type of EHR data pipe.
MedVirginia, a company that does business as Clareto, develops systems that life insurers and others can use to take in applicants’ and customers’ EHR information.
1upHealth has a system that stores and pumps out large amounts of EHR data in the Fast Healthcare Interoperability Resources (FHIR) format.
A nonprofit group, Health Level 7, developed the FHIR (pronounced “fire”) data format in an effort to make it easier for health care organizations and other organizations to exchange patient health records.
Clareto said the 1upHealth deal will help it give life insurance underwriters easy access to EHR information for about 280 million U.S. patients.
IPipeline has arranged to get life insurance and financial services industry data from the Snowflake Data Marketplace.
The deal will help iPipeline customers make better use of data in decision making, according to iPipeline.
In related news, iPipeline said Pekin Life Insurance Company has started using the iPipeline Resonant New Business and Underwriting system along with the iPipeline iGo electronic life insurance application system.
In many cases, Pekin now can make life insurance underwriting decisions through an entirely automated process, according to Jocelyn Duncan, a Pekin Life life insurance administration executive.
Sproutt, a web-based life insurance broker, is using its own Quality of Life Index system to run an automated underwriting process for life insurance from The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) and Afficiency.
The system can help applicants buy coverage through an online process that takes about 10 minutes and involves no in-person exams or telephone calls, according to Sproutt.
The system can help Sproutt identify applicants who eat right, exercise and get enough sleep and reward them for their healthy behaviors, Sproutt said.