By Carolyn McAvinn, FLMI, AALU, PMC-IV
October 8, 2024The beginning of the 4th quarter provides a great opportunity to reflect on my conversations with MIB members and clients about their initiatives and challenges working with electronic medical data (EMD) over the past year, as well as the potential benefits of using the data. In a continuous effort to share information with our medical data solutions community, I have compiled some of the most popular topics of these conversations to shed light on myths and truths.
(Note: For purposes of this blog, a data aggregator is an organization that collects information from multiple data sources or multiple provider networks)
Myth #1: All electronic health records aggregators return the same information for each individual search request.
Myth #2: All EHR aggregators are the same in terms of technology, security, and service.
Myth #3: All providers of electronic medical data are well versed with life insurance industry knowledge.
Myth #4: Accessing EMD has one ‘ideal’ workflow option.
Myth #5: The EHR landscape has reached its full potential.
Myth #6- #10: Data sources are deeply vetted by all aggregators with regard to fee structure, data rights, ease of doing business, technology infrastructure, and quality.
MIB’s experienced team leverages industry expertise to effectively engage with potential new data sources. While there are often headwinds when connecting to new data sources, we are in the best position possible to identify and address any potential hurdles for our members and clients. We are committed to bringing you high quality data in formats you can seamlessly ingest into your workflows and underwriting engines, and to ensuring your teams receive quick information with protective value, at a lower cost.
Carolyn McAvinn is the Director of Underwriting Innovations for MIB. Prior to joining MIB in late 2018, she held various underwriting roles supporting multiple companies, product lines and distribution platforms. These included underwriting management, direct line production underwriting in the life, disability and long-term care markets and assisting with the development of underwriting engine automation and accelerated underwriting programs. Carolyn is a graduate of the University of Massachusetts - Amherst and currently serves as a board member of the MUD (Metropolitan Underwriting Discussion) Group in NYC.
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