DigitalOwl, a company that uses natural language processing to help analyze and summarize EHRs, announced it is collaborating with ExamOne, a Quest Diagnostics company, to improve efficiency of record retrieval and analysis through DigitalOwl’s View product. 

ExamOne provides risk-assessment tools for the life insurance industry with a suite of services aimed at streamlining the underwriting process.

By using proprietary generative AI technology, DigitalOwl provides insurance and legal professionals with the ability to rapidly and accurately evaluate medical records, aiming to reduce the time spent on manual reviews. 

Furthermore, the platform intends to amplify resource allocation, boost efficiency and increase capacity for professionals in the insurance and legal sectors. 

ExamOne says that integrating technology with customized services allows it to enhance the applicant experience while giving insurers vital health and lifestyle data they need to assess risk correctly. 

“I’m excited to announce our new relationship with ExamOne, marking a significant leap forward in delivering efficient and accurate solutions that will make our clients' jobs easier,” Yuval Man, cofounder and CEO of DigitalOwl, said in a statement. 

THE LARGER TREND

Earlier this month, DigitalOwl named Katie Mineck as vice president of customer success. Mineck oversees the development and execution of DigitalOwl's customer success strategy, with a focus on scaling support, enhancing client impact and fostering long-term partnerships.

In August, DigitalOwl launched a generative AI platform offering an advanced entity recognition engine and a comprehensive medical knowledge base to simplify medical record reviews for life insurance, property and casualty insurance, and legal industries. 

The aim is to enhance efficiency during underwriting, post-issue audits, claims review, personal injury cases, bodily injury claims, workers' compensation cases and mass tort litigation. 

In 2022, DigitalOwl landed $20 million in Series A funding. The round was led by Insight Partners with participation from Ibex and Fusion VC. The company used the cash to add to its tech development, sales, marketing and customer service teams.