Envera Health Creates New Market by Extending Health Information Exchange to Life Insurance Industry
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
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
To learn more about Envera Health, visit http://www.enverahealth.com/.