Technology

EvolutionIQ Expands MedHub: Active medical summarization transforming medical data into a competitive advantage

Published

8 hours ago

October 14, 2024

MedHub provides comprehensive medical synthesis that enables faster, smarter claims handling across lines of insurance

NEW YORK, Oct. 14, 2024 /PRNewswire/ — EvolutionIQ, the market-leading Claims Guidance platform, today announced the expansion of MedHub to all life, health, accident, and casualty lines of insurance. MedHub is the only active medical summarization solution that transforms medical data into a competitive advantage by engaging claims professionals with holistic, tactical insights.

Challenges in Existing Medical Summarization Tools

For every claim, claims handlers spend an average of 12.5 hours reviewing complex medical data from various sources, while managing increasingly overwhelming caseload volume. Claims professionals can spend days trying to decipher the case documents for a single claim, and medically-driven claims are only getting more complex.

Unfortunately, most medical summarization tools meant to ease this challenge rely on passive summary generation and rote risk reviews which, when overused, can erode claim professional proficiency.

EvolutionIQ’s MedHub leverages EvolutionIQ’s market-leading technology advantages in Claims Guidance and five years of experience putting tactical recommendations directly into the front lines of complex claim handling.

EvolutionIQ’s advanced capabilities make medical insights highly interactive for claim professionals. With MedHub’s adjuster-in-the-loop structure, the product ensures exceptionally useful summaries, clear claim synthesis, insights, and assessments while building claim handler proficiency.

This approach fosters critical thinking, deepens medical understanding, and leads to more informed decisions.

“MedHub enhances our claims professionals’ ability to deeply understand their claimants’ medical circumstances, and be a partner on their return to health journey. Using it inside our existing EvolutionIQ environment makes it a seamless expansion of our capabilities to better serve our claimants,” said Amanda Staples, Vice President, Head of Group Insurance Claims, Prudential.

The MedHub Solution

MedHub seamlessly ingests, processes, and extracts data from hundreds of records, transforming dense, varied types of raw medical data and documentation into tactical insights. EvolutionIQ’s solution enables claims professionals to make faster critical decisions through an adjuster-in-the-loop approach.

Claims professionals using MedHub explore medical timelines, uncover hidden connections, and engage with the raw medical data in a way that fosters true understanding and continues building medical proficiency. MedHub enables users to directly understand the records that generated the medical insights, with EvolutionIQ’s Click for Evidence functionality taking users from synthesis to evidence with a click.

Carriers using MedHub benefit from:

Accelerated Reviews: Quickly extract critical information from hundreds of pages of medical records.

Enhanced Expertise: Engage your team with a deeper understanding of medical conditions and their impact on claims.

Exceptional Outcomes: Claims handlers make faster, more informed decisions, leading to improved customer experiences and reduced operational costs.

“The risk with any passive medical summary tool is it invites a copy/paste approach to time savings, and can potentially hurt claims outcomes,” said Benjamin Berry, Chief Product Officer at EvolutionIQ. “MedHub is entirely different, actively engaging claims professionals in the medical synthesis itself with access to essential data, context, and a timeline for informed decision-making. MedHub’s focus on expert engagement is a pivotal component in EvolutionIQ’s vision to become the #1 trusted source of medical insights and analysis in the insurance industry.”

With a lightweight design and configurable interface, MedHub can be enabled and operational for any insurance carrier within two weeks, post data onboarding.

About EvolutionIQ

EvolutionIQ pioneered Claims Guidance in 2019. Its explainable AI guides insurance claims professionals to their highest potential impact on claims, including specific Next Best Action guidance. EvolutionIQ improves the claimant experience and delivers better claim outcomes to claimants, carriers and their customers. EvolutionIQ serves the group disability, individual disability and workers’ compensation markets worldwide. EvolutionIQ’s AI native products have been adopted by 70% of the top 15 U.S. disability carriers and a growing list of workers’ compensation carriers. The New York-based company employs almost 200 staff across the United States, Europe and Australia. For more information, visit evolutioniq.com and follow the company on LinkedIn.

Media Contact
Jason Kapler
Vice President of Marketing
EvolutionIQ
(917) 740-5608
Press@evolutioniq.com

Logo – https://mma.prnewswire.com/media/1723642/EvolutionIQ_updated_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/evolutioniq-expands-medhub-active-medical-summarization-transforming-medical-data-into-a-competitive-advantage-302275249.html

Technology

Nelnet to Announce Third Quarter Results

Published

49 mins ago

October 14, 2024

LINCOLN, Neb., Oct. 14, 2024 /PRNewswire/ — Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2024, after the close of the New York Stock Exchange on Thursday, November 7, 2024. Upon release, additional earnings information will be available at www.nelnetinvestors.com.

Learn more about Nelnet at www.nelnetinc.com.

View original content:https://www.prnewswire.com/news-releases/nelnet-to-announce-third-quarter-results-302275558.html

SOURCE Nelnet, Inc.

Technology

Modine Announces New Chief Information Officer

Published

49 mins ago

October 14, 2024

RACINE, Wis., Oct. 14, 2024 /PRNewswire/ — Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, is pleased to announce that Dan Hedstrom has joined Modine as Chief Information Officer (CIO) effective today. He takes over from Steve Langer, current Vice President Information Technology, who has announced his plans to retire at the end of this year.

As CIO, Hedstrom will have responsibility for leading Modine’s global IT function and executing Modine’s digital strategy. He will focus on building business-aligned IT solutions that optimize performance, enhance productivity, and improve cyber security in alignment with overall corporate strategy.

Hedstrom comes to Modine from Cubic Corporation where he worked for 12 years in roles of increasing responsibility. In 2018, he was named Vice President and Chief Information Officer. Prior to that, he held senior roles leading enterprise infrastructure teams and has experience scaling IT systems to support growth. He has a bachelor’s degree in Computer Engineering from California Polytechnic State University.

“Dan’s strong track record as a technology leader will be an asset to Modine as we continue to execute on our global business strategies. We are pleased to welcome him to the team,” said Mick Lucareli, Executive Vice President and Chief Financial Officer. “I also would like to thank Steve Langer for his seven years of service at Modine and wish him well in retirement.”

About Modine
At Modine, we are Engineering a Cleaner, Healthier World™. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 11,000 employees are at work in every corner of the globe, delivering the solutions our customers need, where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentally-friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.

Media Contact: pr@modine.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/modine-announces-new-chief-information-officer-302274271.html

SOURCE Modine

Technology

Leading Creative Experience Agency DCG ONE Announces Acquisition of Cirangle Design

Published

49 mins ago

October 14, 2024

New acquisition will further expand DCG ONE’s direct marketing capabilities and provide incremental DM design support for its collective client base.

SEATTLE, Oct. 14, 2024 /PRNewswire/ — DCG ONE, one of the largest privately owned creative experience agencies and marketing services providers in the country is pleased to announce the acquisition of Cirangle Design. This strategic acquisition aligns with DCG ONE’s ongoing commitment to delivering exceptional direct marketing solutions for a wide range of DCG ONE enterprise clients.

Cirangle Design, a boutique direct marketing agency based in New Jersey, has a long track record of success with 20+ years developing an expertise and niche in the direct marketing design space, becoming an anchor DM agency for clients such as American Express.

“This acquisition opportunity allows us to expand our capabilities while maintaining the high standards of excellence our clients have come to expect from DCG ONE,” said Ben Allen, EVP and Managing Director at DCG ONE. “We are thrilled to integrate Cirangle Design’s expertise and high caliber work into our operations as we see continued growth within the direct mail vertical.”

This acquisition not only introduces a significant new body of work but also opens doors to other direct marketing clients looking for a more comprehensive solution to delivering successful campaigns. It represents a substantial opportunity for growth and strengthens DCG ONE’s position as a turnkey direct marketing partner – from initial creative concepts to print/mail execution and corresponding digital touchpoints.

Media Inquiries: Please contact: Kelcie Brewer // Kelcie.brewer@dcgone.com

About DCG ONE

Based in Seattle WA, DCG ONE has grown to become one of the largest privately held marketing services providers in the country. With locations in Seattle, Washington D.C. and New York City, DCG ONE services a variety of Fortune 500 companies and provides world-class marketing, technology, and business solutions, incorporating core competencies of print production to integrated fulfillment and data services to a full-service creative agency division.

View original content to download multimedia:https://www.prnewswire.com/news-releases/leading-creative-experience-agency-dcg-one-announces-acquisition-of-cirangle-design-302275616.html

SOURCE DCG ONE