Gradient AI - 3x3x3 Challenge with Rod Baptista
Using a machine learning AI, we predict risk and automate the underwriting process for those offering health insurance to groups or employer groups.
Transcription:
What is Gradient AI?
So we build and train machine learning models to accurately predict risk. Since launching our health practice about four years ago with a focus on pooled risk organizations, we've since signed up about 130 clients. The three legs of our stool are a new business underwriting solution to evaluate the risk that is coming in of the new employer groups, a renewal solution to evaluate the risk of your existing members or your existing population ahead of renewal season, as well as having in-house underwriters and actuaries that understand the business side of things and the AI side of things.
How is Gradient AI different?
So making predictive models to accurately price risk is the only thing that we do. With over 300 million lives in our data ecosystem, we can accurately predict things like claims in excess of a million dollars, which have doubled in the past five years. So as healthcare gets more expensive and as new weight loss and cell and gene therapies, drugs come out, at the same time as your most tenured employees start to retire with the silver tsunami, how are you going to manage that balance? We exist to help with that.
Who is a good fit for Gradient AI?
Anyone who underwrites or evaluates group health insurance risk. And for me specifically, pools, associations, municipal health plans, anybody who is less focused on profitability and more focused on ensuring good service for their members at a reasonable price. The example listed here is of a municipal pool that accurately priced an incoming group because of our SAIL, new business underwriting model.
Rod Baptista
rod.baptista@gradientai.com
240 688 8949 (m)
Transcription:
What is Gradient AI?
So we build and train machine learning models to accurately predict risk. Since launching our health practice about four years ago with a focus on pooled risk organizations, we've since signed up about 130 clients. The three legs of our stool are a new business underwriting solution to evaluate the risk that is coming in of the new employer groups, a renewal solution to evaluate the risk of your existing members or your existing population ahead of renewal season, as well as having in-house underwriters and actuaries that understand the business side of things and the AI side of things.
How is Gradient AI different?
So making predictive models to accurately price risk is the only thing that we do. With over 300 million lives in our data ecosystem, we can accurately predict things like claims in excess of a million dollars, which have doubled in the past five years. So as healthcare gets more expensive and as new weight loss and cell and gene therapies, drugs come out, at the same time as your most tenured employees start to retire with the silver tsunami, how are you going to manage that balance? We exist to help with that.
Who is a good fit for Gradient AI?
Anyone who underwrites or evaluates group health insurance risk. And for me specifically, pools, associations, municipal health plans, anybody who is less focused on profitability and more focused on ensuring good service for their members at a reasonable price. The example listed here is of a municipal pool that accurately priced an incoming group because of our SAIL, new business underwriting model.
Rod Baptista
rod.baptista@gradientai.com
240 688 8949 (m)