Insurance software provider Gradient AI has announced that The Provant Group, a national commercial insurance brokerage, has chosen Gradient AI’s SAIL product to quantify and gain deeper insights into group health risk.
SAIL will allow the brokerage to customize insurance policies to fit the unique needs of each customer, Gradient AI said. SAIL’s advanced AI capabilities, predictive analytics and extensive medical database will allow Provant to conduct a more thorough analysis of group health risks.
This insight will provide clients with greater control over their healthcare coverage at rates usually available only to larger employers, Gradient AI said.
“We help our customers move from a reactive to a proactive state thanks to SAIL’s ability to eliminate blind spots, predict risks and uncover cost savings opportunities,” said Vince DiBenedetto, CEO of The Provant Group. “By leveraging SAIL, we’re able to offer our clients a level of transparency and insights into their group health risk that was previously unattainable. As a result, we can create tailored group health solutions that meet the specific requirements of each client’s employee group.”
“We are thrilled that Provant is using Gradient AI’s SAIL solution to assist their small business clients in gaining a more complete understanding of their group risk,” said Stan Smith, founder and CEO of Gradient AI. “In the past, these businesses lacked transparency in this area, leaving them at a disadvantage when working with larger carriers.
“By leveraging the latest in AI, data analytics, and medical health data, Provant is addressing a previously unmet need in the small business market, enabling customers to obtain the best value and plans that are tailored to their specific requirements. This level of personalization has the potential to revolutionize the way companies approach employee health benefits, and we’re proud to be at the forefront of this shift.”
Earlier this month, Gradient AI announced that workers’ compensation provider The Builders Group had selected Gradient AI’s products to streamline its claims process. Managing general underwriter Medical Risk Managers recently implemented SAIL to offer medical stop-loss coverage to small, self-funded groups.
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