What You Should Know:
– Cerner has taken another step into the life insurance industry today with an strategic collaboration with MIB, a company providing risk management services to hundreds of insurance companies in the United States and Canada.
– The agreement will establish MIB as the exclusive collaborator to provide access to digital patient data from Cerner within the life insurance industry. MIB will now be able to facilitate access to 54 million patient records from Cerner, as well as 5,400 patient portals, with appropriate consent.
Why It Matters
The agreement provides MIB’s life insurance clients with broader access to patient records in a streamlined, cost-efficient and organized manner through Cerner cloud-based technology and patient portals, which will be available through a single, consolidated and easy-to-use interface.
With the addition of Cerner, MIB will be the only third-party provider in the life insurance market offering access to all of the top three EHR systems in the U.S.
MIB is focused on providing quality data in a cost-effective way that will aid in the underwriting process. The industry currently lacks a single solution that provides easy access to medical information across multiple health systems and data providers,” said Andrea Caruso, Executive Vice President and Chief Operating Officer of MIB. “By entering into this exclusive agreement with Cerner, MIB has differentiated ourselves in the medical record retrieval space and has taken a major step toward becoming the one-stop-shop for medical records in the Life Insurance industry.
Last month, Cerner client New York Life announced its work with Cerner to facilitate and simplify EHR retrieval to minimize friction in the life insurance application process for consumers and accelerate underwriting decisions.