JET Health Solutions, the healthcare product and solutions division of AAJ Technologies, is premiering JET InsureFuse™ V3.0, an automated medical underwriting process system at LOMA's Health Underwriters Study Group Annual Meeting in San Antonio, Texas.
“At the same time, health insurers must improve efficiencies because 80% to 85% of premiums collected have to be spent on medical claims as mandated by the new health reform bill.”
JET InsureFuse™ provides healthcare agents, underwriters and insurers increased efficiencies for processing new applications while helping them address the new requirements outlined in the recently approved healthcare reform bill.
JET InsureFuse™ is designed to help agents and underwriters quickly move individuals and families through the application process while approving more, in less time. The automated medical underwriting processing software includes full-featured workflow management portals for agents. A highly flexible, user-friendly business rules engine allows underwriters to make instant adjustments to workflow, rules and rates while accommodating regulatory demands and product changes. An easy-to-use, self-service platform gives individual consumers a convenient online storefront to make health plan purchases.
"The individual health insurance mandate will bring insurers millions of new customers. Health insurance carriers need to look at their technology needs and determine the appropriate retail model for their products to accommodate the coming demand," said Amjad Shamim, CEO at JET Health Solutions/AAJ Technologies. "At the same time, health insurers must improve efficiencies because 80% to 85% of premiums collected have to be spent on medical claims as mandated by the new health reform bill.
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