HealthWorksAI announces the release of ProductIntel™ - AI/ML platform for Medicare Advantage bid design and Product Lifecycle Management.
Jan 5, 2021 Press Release
Jan 5, 2021
2021 will be a pivotal year for HealthWorksAI, an innovative disruptor in the US healthcare market, with the release of their next-generation Medicare Advantage Product optimization solution.
BOCA RATON, FL., January 5, 2020: Leading healthcare analytics organization HealthWorksAI releases ProductIntel, a solution inspired by the evolving role of Product Managers (PM) as innovators in the “Triple Aim” program of Medicare Advantage. ProductIntel empowers Product Development teams with an integrated product design and product lifecycle management solution in a single, easy to use platform. Its advanced features include – real-time benefit simulators, AI-ML powered enrollment predictions, intelligent product comparisons, and critical analysis of health plan financial metrics to drive higher membership and profitability.
“Healthcare Insurers are drowning in data while starving for insights,” said Arvind Nagpal, Founder and CEO of HealthWorksAI. “The release of ProductIntel into the market concludes over two years of collaboration with our design partners, many of whom are clients of HealthWorksAI. Our goal is to ensure the right information is delivered at the right time without burdening the end-user with complexities of the backend analytics.”
More than just an expansion of their existing solutions, ProductIntel represents a significant advancement in the organizational vision of democratizing analytics by delivering solutions in a self-serve mode.
Over the past two years, HealthWorksAI has experienced rapid adoption with over 25 Medicare Advantage plans now leveraging their SAAS solutions. Their MarketIntel platform – which aggregates, synthesizes, and translates publicly and privately acquired data – provides a single source of truth for healthcare insurers to analyze market competitiveness, identify market conditions driving enrollment, and engineer plans that positively impact members. “Our solutions resonate with our clients because we automate time consuming tasks and promote deeper strategic thinking,” says Jereme Ayers, Chief Growth Officer. “I’m excited to add ProductIntel to our solution suite and further empower our clients with the tools necessary to optimize their product design. Early adopters will have an unfair competitive advantage going into next year’s bid season,” he continued.
HealthWorksAI also noted that additional products are in the final stages of user acceptance testing. Their MarketingIntel suite, scheduled to release in mid-Q1, aims to reduce member acquisition costs and improve response rates. MarketingIntel is also powered by AI/ML models and includes Next Best Action for members and prospects with Multi-touch Attribution analysis. “2021 is going to be a big year for our clients and for us,” quoted Arvind Nagpal.
HealthWorksAI envisions delivering Insights at the Speed of Business and is grounded on the principles of democratizing analytics. Sitting at the intersection of business, math, and technology, HealthWorksAI marries a number of complex data sources, AI/ML data science techniques, easy-to-use visualization tools, and advanced technology to help clients uncover actionable insights that help create long-term growth. For more information on HealthWorksAI and ProductIntel visit www.healthworksai.com/productintel/.
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