Roundstone Insurance has selected Gradient AI’s SAIL solution to help companies assess risk and afford “high-quality” healthcare plans.
Ohio-based Roundstone is a health insurance captive of small- to medium-sized employers. Gradient AI is a Boston-headquartered AI software provider for the insurance industry.
Gradient AI’s SAIL solution is designed to close the information gap that is created when traditional insurance companies do not share employers’ claims history.
Roundstone says it chose Gradient AI’s SAIL solution for Roundstone’s group health underwriting. This will help it to access de-identified data to assess risk for member organisations. The solution’s AI and data analysis will help Roundstone’s underwriters quote new businesses.
In addition,Gradient AI’s SAIL solution will be able to leverage prescription, medical and lab data to inform predictions.
Bruce Dunham, underwriting manager at Roundstone says: “Gradient AI enables us to get an objective snapshot projection of claims within minutes of submission.”
He adds: “More importantly, we get the critical information we need without conducting time-consuming personal health questionnaires, which can be tedious, error-prone, and viewed by employees as intrusive.”
