Appian's Connected Underwriting Life Workbench
helps insurers unify data and automate workflows
MCLEAN,
Va., June 4, 2024 /PRNewswire/ -- Appian
(Nasdaq: APPN) today announced a strategic partnership with
ReleasePoint, a premier provider of medical information solutions
for the insurance industry. The partnership includes integration
between ReleasePoint's solution and Appian's Connected Underwriting
Workbench for Life Insurance.
Appian announces a partnership with
ReleasePoint to automate life insurance underwriting.
The integration automates the medical record retrieval process
and unifies it with underwriting workflows within Appian.
Underwriters and case managers can now initiate medical record
requests directly from the Appian Platform and receive
comprehensive medical reports without leaving the Appian interface.
This transforms the way underwriters access and manage medical
information, saving hours of manual work, optimizing medical
underwriting processes, and accelerating underwriter
decision-making.
ReleasePoint has more than 50 years of experience in medical
record retrieval. The company is known for its expertise in
seamlessly retrieving and transforming medical records and
electronic health records (EHR). ReleasePoint's flagship MIDAS
technology and service solution is used by multi-line carriers in
North America to achieve a single,
data-driven review of an applicant's complete health history. The
future integration of MIDAS within Appian's Connected Underwriting
Life Workbench will bring to bear the power of human expertise and
artificial intelligence to accurately extract and aggregate
clinical information, expediting the underwriting process while
ensuring review accuracy and efficiency.
"Our partnership with ReleasePoint represents a pivotal step in
modernizing underwriting processes," said Jake Sloan, Industry Vice President of Insurance
& Healthcare, Appian. "By seamlessly incorporating EHR data, we
empower underwriters with unprecedented visibility and insights,
enabling faster and more informed decision-making. This innovation
not only enhances efficiency and accuracy but also exemplifies our
commitment to leveraging advanced access to third-party data to
drive innovative underwriting and product solutions across the
industry."
The Connected Underwriting Life Workbench is a streamlined
underwriting solution that is prebuilt on the Appian Platform. It
is designed to drive speed to market with reduced IT effort for
implementation. Its data fabric capabilities enable quick data and
integration connectivity, coupled with AI-led automation that
supports change management and optimized underwriting processes.
Appian's AI architecture and its generative AI capabilities allow
insurers to process content at scale and automate repetitive tasks,
such as classifying emails and extracting data from documents. This
allows Appian customers to facilitate faster benefit realization
and enhance their competitiveness with a better underwriting
experience. The Connected Underwriting Life Workbench improves the
quality, consistency, and procedural adherence of cases.
Additionally, the system allows 24/7 real-time monitoring and data
extraction from various sources, seamless integration with
third-party tools, and augmented decision-making with a complete
audit trail.
"Our partnership with Appian is a game-changer for the life
insurance industry," said Derrick
Halvey, CEO, ReleasePoint. "This collaboration combines
ReleasePoint's expertise in medical data retrieval and with
Appian's advanced underwriting platform, streamlining processes and
enhancing decision-making for life insurers. Together, we're
setting new benchmarks for efficiency and customer satisfaction in
life insurance."
The partnership between Appian and ReleasePoint enables holistic
underwriting automation and workload management to improve
operational efficiency and the underwriter experience. By
leveraging automation and AI-driven solutions, insurers can now
streamline operations, reduce manual errors, and enhance the
overall underwriting experience for customers and stakeholders.
For more information about Appian for life insurance
underwriters, visit https://ap.pn/3y9s3XH.
About Appian
Appian is a software company that automates business processes.
The Appian AI Process Platform includes everything you need to
design, automate, and optimize even the most complex processes,
from start to finish. The world's most innovative organizations
trust Appian to improve their workflows, unify data, and optimize
operations—resulting in better growth and superior customer
experiences. For more information, visit appian.com. [Nasdaq:
APPN]
Follow Appian: LinkedIn, X (Twitter).
About ReleasePoint
ReleasePoint is a leading provider
of medical information solutions for the insurance industry. With
over 50 years of experience, ReleasePoint specializes in retrieving
and transforming medical records and electronic health records to
expedite the underwriting process while ensuring accuracy and
efficiency. For more information, visit www.releasepoint.com.
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SOURCE Appian