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ADVANCE Perspectives: Healthcare Information Professionals

Envera Health Creates New Market by Extending Health Information Exchange to Life Insurance Industry

Published February 3, 2017 1:01 PM by ADVANCE Perspectives

By ADVANCE Perspectives 

RICHMOND, VA—Envera Health is launching a new cross-industry collaboration between the healthcare industry and the life insurance industry. This collaboration will provide a market that helps to further expand the nation’s Health Information Exchanges (HIEs), as well as make it easier for consumers to buy life insurance.

“Health Information Exchange is the backbone to improving the healthcare experience for patients and providers,” said Dan Neuwirth, CEO of Envera Health, a managed services company specializing in connecting patients with healthcare providers. “To deliver better care, we need to get the right information, to the right person at the right time. That’s why Envera is committed to supporting consumer-driven care through advancements in interoperability.”

For life insurance companies, Envera's solution helps fast-track the collection of health data they already receive from insurance applicants by providing a digital exchange platform.  For health information exchanges, the solution creates an alternative market for data exchange services they are already providing for physicians and healthcare providers. For healthcare providers, the solution alleviates the burden of today's manual process of delivering information to the insurance industry, as well as supports interoperability, which will enhance services to physicians that ultimately has a positive impact on health care delivery.

Consumers will see benefits in insurance buying through a significantly simpler process to purchase insurance. The traditional life insurance underwriting process typically takes up to six weeks to report back, delaying the application and underwriting process significantly. This means that consumers can wait weeks before they even know the cost of their policy.

The foundation for this model has been built on Envera’s industry-leading HIE, currently known as MedVirginia. Efficiently addressing the life insurance industry’s need for authorized health data will increase utilization and bring critical investments to HIEs. This will help them to continue maintaining and updating their highly technical infrastructure as well as increase their capabilities in managing higher volumes of data and more records.

To learn more about Envera Health, visit http://www.enverahealth.com/. 

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    ADVANCE Editorial Staff
    Occupation: Editor
    Setting: ADVANCE for Healthcare Information Professionals
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