EvolutionIQ Showcases MedHub at Insuretech Connect: A New Era of Medical Summarization

EvolutionIQ at ITC 2024

EvolutionIQ
November 4, 2024

EvolutionIQ recently sponsored InsureTech Connect Vegas, the world’s largest gathering of insurance innovation. This premier event provided the perfect platform to showcase Claims Guidance, our AI-powered software platform, and highlight how it's empowering claims professionals and transforming organizations.. We're honored to contribute to this prestigious event and foster industry connections, education, and partnerships. Our annual cocktail reception, hosted for the third consecutive year, exemplifies our commitment to bringing together leading minds in the insurance industry.

Converging as an industry allows professionals to highlight their accomplishments, discuss pressing issues, collaborate on solutions, and explore innovative approaches. This year, EvolutionIQ also showcased MedHub and celebrated its expansion to all lines of insurance, as announced earlier in the week.

EvolutionIQ’s Claims Guidance has been one of the most quickly adopted AI technologies in the insurance industry. With MedHub, EvolutionIQ has introduced active summarization, a transformative approach that actively engages claims professionals by providing in-depth insights and facilitating a nuanced understanding of medical data within a fraction of the time.

MedHub is a highly accessible product, as it’s available to disability, workers’ compensation, auto liability, general liability, voluntary benefits, long-term care, as well as total and permanent disability. We’ve been focused on creating and expanding this product, so we were happy to celebrate the arrival at InsureTech Connect and offer product demonstrations to booth visitors. With a life-sized Operation game, a medical-themed design, and branded giveaways, EvolutionIQ's booth at ITC Vegas attracted insurance professionals curious about MedHub. Interactive demonstrations of MedHub's active medical summarization capabilities led to increased interest and follow-up inquiries.

MedHub, built on our market-leading Claims Guidance platform, enables insurers to leverage our proven technology in a medical summarization solution that synthesizes medical data and engages claims professionals with holistic and tactical insights, thereby creating a competitive advantage.

Why MedHub, Why Now?

The insurance industry faces challenges with existing medical summarization tools. It’s common for a single claim to take upwards of 12-13 hours of work. Claims professionals are busy reviewing data from multiple sources, while they have additional cases and work to produce. Furthermore, medically-driven claims continue to increase in their complexity.

MedHub solves a common problem in medical summarization. It’s the first summarization tool to boast market-leading advantages for claims guidance. While creating this product, we leveraged our experience placing tactical recommendations into the front lines of complex claim handling. We utilize an adjuster in-the-loop structure and ensure useful summaries, clear claims synthesis, insights, and assessments while building claim handler proficiency.

EvolutionIQ aims to foster critical thinking, deepen medical understanding, and create informed, verifiable decisions. MedHub enables claims professionals to better explore medical timelines, uncover hidden connections, and engage with raw medical data in a way that creates true understanding, as we are looking to improve medical proficiency. Prior to this product, medical summarization tools were not meant to ease the challenges facing claims professionals. Instead, tools were overused that commonly were detrimental to claim professional proficiency.

If you’re interested in learning more, it’s important to know that MedHub can be enabled and operational for any insurance carrier within two weeks, post data onboarding. We’d love to keep up the momentum and schedule a demo for you and your team.

Thank you to our customers for their continued support and to the industry professionals collaborating with Evolution to bring innovation to insurance carriers and claims organizations. And, thank you to InsureTech Connect for providing a terrific environment for showcasing MedHub and to all of our clients, partners and new connections. We are already looking forward to next year’s event!

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