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ExamOne Acquires Assets from OptumInsight

by admin on October 27, 2014

October 27, 2014

LENEXA, KS, October 27, 2014 / – ExamOne, a Quest Diagnostics company and leader in helping insurers meet their underwriting needs, is pleased to announce the acquisition of certain proprietary assets from OptumInsight that support the ability to provide rapid responses to data inquiries for use in life and health risk assessments. The acquired assets will streamline and improve the ScriptCheck® service offered through ExamOne.

MedPoint is one of the industry’s leading prescription tools that aggregates and organizes pharmacy claims and eligibility records into health profiles to support life and health insurance risk assessment and medical underwriting. It is integrated with up-to-date prescriber and pharmacy details along with market leading analytics. The development of an efficient channel to obtain this data helps the underwriting and risk assessment process by adding additional value and allowing for a more informed decision to be made by the insurer.

“We have a strong commitment to the insurance industry,” said Troy Hartman, President of ExamOne. “The solutions we provide make the underwriting process more convenient for insurance company home office personnel, agents and applicants. There are 95 million uninsured Americans and we are making great strides in efficiency and improving the experience when applicants apply for life insurance. The enhancements we can bring to the market with this acquisition complement the other solutions we provide to our clients and applicants and will aid in a more simplified underwriting process.”

Along with ExamOne’s expansive suite of insurance services (also known as Policy Express) the acquired technology is designed to accelerate the underwriting process, improve risk assessment, assess the accuracy of health statements and discover undisclosed doctors or medical conditions for underwriters.

ExamOne provides the most robust data information to our clients and is proud to offer the life insurance industry the most extensive access to prescription history through ScriptCheck.

As part of the acquisition, the entire team supporting this OptumInsight product will immediately transition over to ExamOne.

About ExamOne
ExamOne has provided a portfolio of services to the insurance industry since 1972. It has grown significantly through continuous innovation that meets the evolving needs of life, health and disability insurance providers and their customers. Laboratory testing was part of the company’s original services, which over time have expanded to include paramedical examinations, fraud detection, electronic data collection, and gathering attending physician statements and motor vehicle records. ExamOne also has expanded into helping individuals learn about their own health through its Inside Look™ product. (examone.com/our-solutions/inside-look)

ExamOne Supports Life Insurance Awareness Month in September

ExamOne, a leader of laboratory testing, underwriting and paramedical services to the life insurance industry, is supporting Life Insurance Awareness Month, organized by the Life and Health Insurance Foundation for Education (LIFE). During the month of September, the LIFE Foundation is highlighting the need for financial security among America’s households and the role of life insurance in meeting this need.

Boomer video websiteThis year, the LIFE Foundation is bringing back NFL MVP, Boomer Esiason. As a young child, Boomer experienced the hardship of losing his mother without any life insurance, leaving his father to care for his family alone.

“ExamOne has been supportive of Life Insurance Awareness and we have been dedicating more and more resources to support our clients in this regard,” said ExamOne President, Troy Hartman. “We have helped the life insurance industry make great strides in efficiency and improving the experience of their applicants when they are getting insurance. Life insurance is too often an overlooked element in financial security for consumers and people need to be reminded of its value; so, we are happy to be joining about 100 of our partners to help in this initiative.”

ExamOne has made a commitment to help the 95 million Americans without life insurance protect their families. We are answering this challenge by providing clients with innovative tools and a more simplified process – resulting in a more satisfied applicant. We have a dedicated applicant website that offers tips and a video on how applicants can prepare for their paramedical examination, answers frequently asked questions and provides instructions on how they can obtain results online of laboratory testing performed on them through its product, Inside Look*™. Additionally, our extensive network of mobile and in-center paramedical options, allows applicants more choices for exam scheduling and completion.

There is a section on ExamOne’s website (ExamOne.com/life) dedicated to Life Insurance Awareness Month that links with the LIFE Foundation site.

LIFE is a nonprofit organization dedicated to helping consumers make smart insurance decisions to safeguard their families’ financial futures.

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