Insurers can assess customer health risks in real time using NuraLogix’s non-contact vital signs monitoring solution

The app allows insurers to quickly perform a client health check during the interview process online using a web browser. The NuraLogixComment The technology uses a conventional video camera to extract blood flow information from the face, in a patented process called Transdermal Optical Imaging (TOI™), resulting in over 30 medical-grade health and wellness measures.

The NuraLogixComment the technology was available for demonstration at America’s Health Insurance Plans (AHIP) show in Las Vegas, Nevada of June 21 to 23.

The benefits of integrating a vital signs monitoring system into the insurance assessment process are many: reduced cost of underwriting a policy, no nurses needed to perform physical exams or sample liquid samples, better compliance with standard policy terms at a lower cost to avoid price increases, and more. This technology has also been shown to create a “sentinel effect”, reducing fraud and improving the accuracy of questionnaire responses.

The background

Currently, in the insurance industry, providers calculate premiums for users, the amount users pay in exchange for coverage. Insurance premiums are based on a wide variety of factors such as age, gender, risk, type of coverage, location, etc. Providers calculate the likelihood that the user will need to use the insurance, for example young people are less likely to need medical care, so their premiums are usually cheaper. Integrate the NuraLogixComment technology in the risk assessment process allows insurers to calculate premiums using accurate individual health data and perhaps even provide incentives to be healthier.

About AHIP 2022

America’s Health Insurance Plans (AHIP) is the national association of nearly 1,300 members who provide health insurance to more than 200 million Americans. As the national trade association for the health insurance industry, AHIP lobbies to create a more affordable health care system through research and policy. their conference, AHIP 2022, (Formerly ‘Institute & Expo’) brings together the people, ideas and solutions that drive better health.

About NuraLogixComment

NuraLogix’s technology is based on extensive peer-reviewed research and clinical studies, a fact that sets them apart from their competitors. NuraLogix has conducted several clinical studies and published research in many notable publications such as Frontiers in Psychology, Scientific Reports, and the Journal of Natural Sciences (JNS). NuraLogix currently holds 11 patents, with more pending. Their impressive list of clients includes Japanese systems integration leader NTT Data; Sanitas, the second largest medical insurance company Spain; and Lafiya Telehealth, a Nigeria-based telehealth platform that provides 24/7 virtual healthcare services to residents in remote and rural areas.

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Note: in United States, this product is intended for experimental use only. The performance characteristics of this product have not been established.

SOURCENuraLogix Corporation

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