Our Artificial Intelligence Engine allows health systems to boldly manage and mitigate risks associated with malpractice, value based contracts, Accountable Care Organizations and Post Acute Discharge Partnerships.
ATLANTA (PRWEB) January 25, 2018
Southern Insurance Underwriters (SIU), a certified Managing General Agency and Life2, Inc., an innovator in artificial intelligence, machine learning and clinical data services announced a partnership to bring cutting edge innovation to the insurance market. The partnership’s initial effort will be a hosted service leveraging Life2’s Artificial Intelligence Engine to benefit health systems in the United States.
Wesley C. Duesenberg, Jr., Chief Executive Officer at SIU, commented: “For over 50 years, SIU has underwritten a broad scope of risks ranging from the simplest property risks to highly sophisticated self insured programs. Throughout our history, innovative technology has always been a hallmark and Life2’s artificial intelligence fits perfectly with SIU’s progressive track record. Our first initiative is to help hospitals and health systems leverage their investments in insurance captives. While our initial focus will be in the United States market, the international insurance market will be an exciting and logical progression. The SIU team is confident and excited about what this partnership can deliver.”
Life2’s Artificial Intelligence Engine provides hospitals empirical evidence of which clinical and procedural actions are most effective. It utilizes artificial intelligence, deep machine learning, cognitive augmentation and expert guidance to deliver real time patient based risk stratification, causality analysis and empirical intervention selection. An Evidence Engine powers an automated Machine Learning Feedback Loop that compiles the outcomes and measures the effectiveness of each action. This results in real time “course correction”, helping hospitals and clinicians optimize patient outcomes as well as quality and financial performance while reducing risk.
Sam Wilkes, Founder and Chairman of Life2 stated: “We are excited about our partnership with SIU. Their deep understanding of risk underwriting and risk management combined with our technology will prove lucrative for health systems and especially those that own insurance captives. The captive allows a health system to place more self-insured risk in the captive in order to achieve a much greater operating profit. Our Artificial Intelligence Engine allows health systems to boldly manage and mitigate risks associated with malpractice, value based contracts, Accountable Care Organizations and Post Acute Discharge Partnerships.”
About Southern Insurance Underwriters: Southern Insurance Underwriters, Inc. (SIU), based in Alpharetta, Georgia, is a certified Managing General Agency serving independent agents throughout the southeast for over fifty years. SIU offers a broad range of property, casualty, and transportation products and specializes in hard to place, specialty and excess & surplus lines risks. With an experienced staff of underwriters, the scope of risks that can be underwritten ranges from the simplest property risks to highly sophisticated self-insured programs. Today, SIU represents more than 150 admitted and non-admitted specialty companies, Lloyd’s of London, and several standard companies. SIU is represented by over 2,500 Independent Agents, primarily in Alabama, Florida, Georgia, Mississippi, South Carolina and Tennessee. SIU is an active participant in national, state and local insurance organizations including Professional Insurance Agents (PIA), and the Independent Insurance Agents (IIA).
About Life2: Life2 is an innovator in artificial intelligence, machine learning and clinical data services. The company’s Artificial Intelligence Cycle focuses on the financial and operational risks facing acute care hospitals and their care continuum partners. The platform analyzes and calculates – via empirical evidence – “which actions work and which do not”. It provides real time “course correction”, helping hospitals optimize patient outcomes, quality and financial performance. The platform complements all of the hospital’s existing management systems by feeding valuable proactive insights via normal hospital workflow. Please visit http://www.life2inc.com to learn more.