Gradient AI, a software program supplier for the insurance coverage trade, has introduced that Roundstone Insurance, a medical insurance captive for small to medium-sized employers, has chosen its SAIL resolution to assist firms higher assess threat.

Roundstone is a well being advantages captive that focuses on providing cost-effective worker medical insurance to small and medium-sized companies. Such captives have turn out to be more and more in style lately for offering smaller firms with the identical insurance coverage buying energy loved by bigger companies.

Many companies that be a part of Roundstone come from conventional insurance coverage firms that don’t share employers’ personal claims historical past transparently with the employer, Gradient AI stated. SAIL closes this data hole.

Roundstone chosen Gradient AI’s SAIL product for its machine studying capabilities and its capability to entry giant quantities of de-identified knowledge to evaluate threat for member organizations. SAIL can make the most of prescription, medical and lab knowledge at scale to tell insurance coverage selections.

Using SAIL’s knowledge analytics and AI options, Roundstone can assess particular group dangers and drivers with extra granularity, Gradient AI stated. This information helps Roundstone’s underwriters to make extra knowledgeable selections when quoting new enterprise.

“Gradient AI enables us to get an objective snapshot projection of claims within minutes of submission,” stated Bruce Dunham, underwriting supervisor at Roundstone. “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.”

“We are thrilled that SAIL is proving to be an effective tool for Roundstone at both an employer and employee level,” stated Stan Smith, founder and CEO of Gradient AI. “We look forward to continuing this relationship and supporting Roundstone’s mission to provide affordable, quality healthcare plans to companies of all sizes.”

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