JET Health Solutions, the Fort Lauderdale, Fla.-based healthcare solutions division of AAJ Technologies, announced on Friday that is has launched JET InsureFuse V3.0, an automated medical underwriting process system. The new offering aims to provide healthcare agents, underwriters and insurers increased efficiencies for processing new applications while helping them address new requirements outlined in the recently approved healthcare reform bill, according to a press release.
InsureFuse features a workflow management portal for agents, a flexible business rules engine and a self-service platform that gives individual consumers an online storefront to make health plan purchases. The solution can integrate with outside service providers such as eHealth, Milliman WebMUGS and the Medical Information Bureau, JET says.
"The individual health insurance mandate will bring insurers millions of new customers. Health insurance carriers need to look at their technology needs and determine the appropriate retail model for their products to accommodate the coming demand," JET Health Solutions/AAJ Technologies CEO Amjad Shamim said in the press release. "At the same time, health insurers must improve efficiencies because 80% to 85% of premiums collected have to be spent on medical claims as mandated by the new health reform bill."