Clareto, which acquires electronic health data for insurance underwriting, has partnered with clinical data normalisation platform Diameter Health.
Following the close of the deal, Clareto will offer a new tool which will be powered by Diameter Health’s technology and will improve the look and usability of electronic health data on the platform.
Clareto will now be able to clear up its data and ensure information is normalised, consolidated, enriched and deduplicated. This will help to reduce the chance a carrier is missing crucial conditions by using incorrect data.
Clareto CEO Dave Dorans said, “The insurance industry has access to more clinical information than ever before, but end-users aren’t able to derive much value when they have to trudge through disorganized, redundant data. We’re excited to work with Diameter Health to deliver clean clinical insights across our entire network so our customers can modernize the underwriting processes and accelerate their time-to-value.”
Virginia-based Clareto aims to support the collaboration of digital health and insurance providers to ease the underwriting and claims processes.
Diameter Health CEO Eric Rosow said, “Just as we have seen with our health insurance customers, life and disability insurance carriers face the same data quality challenges that arise from the variability that pervades the healthcare data ecosystem.”
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