6 Medical Technology Trends During the Coronavirus Pandemic Instacart deliveries, Zoom happy hours, and chatbot interactions: It’s no secret that the coronavirus pandemic has changed how we work and play each day. If anything, pandemic technology has made us more resilient during an era of social distancing and quarantines. But what new medical technology trends have emerged during the Coronavirus pandemic? While it’s hard to tell what the healthcare industry will look like post-pandemic, companies and healthcare facilities alike have widely adopted or innovated new health technologies. That said, here are 6 medical technology trends we’ve seen. Medical Technology Trend #1: Telehealth Telehealth (also known as telemedicine) providers like Teladoc reported a daily increase in video requests to more than 15,000 during the coronavirus outbreak. Telemedicine allows you to set up a virtual appointment with a board-certified doctor, get an immediate diagnosis and receive the appropriate treatment. Medical Technology Trend #3: Biometrics
Healthcare Technology and Coronavirus [Survey] - Benefytt Technologies Certain U.S. cities are allowing residents to head back to work, dine at their favorite restaurants, and somewhat return to a sense of normalcy. But we aren’t out of the (coronavirus) woods yet. In fact, more than 1,000 Americans expressed how the pandemic is still a big concern in a recent survey by healthinsurance.com, Benefytt’s direct-to-consumer e-commerce platform for Medicare and private health insurance products. 84% of respondents feel that there will be a second wave of COVID-19 in the U.S., a sentiment that matches the data showing an unfortunate spike in coronavirus cases nationwide. The survey asked respondents about their use of medical technology as well as their feelings about work, vacation, financials, and self-care topics in light of COVID-19. Here’s a recap of some of the top findings and trends. Healthcare Technology Trends COVID-19 has caused companies to adapt, enhance, and evolve their technology quicker than ever. A Self-Care Anomaly During COVID-19 Methodology
Big Data in the Insurance Industry | Benefytt Technologies The digital technology revolution has transformed the professional world in significant ways. And it’s no surprise that big data technology has gained popularity, especially with the amount of insightful data that’s available to organizations. In this article, we’ll cover: Definition: What is big data anyway? Big data technology analyzes, processes and harnesses the data available to an organization in meaningful ways. And the insurance industry has not been left out of this big data revolution. What is Big Data? Businesses are flooded with data from different sources on a daily basis. Big data is used to describe very large structured and unstructured data sets. When analyzed, these incredibly diverse, large, and often complex data sets can reveal trends, patterns, and associations that can be applied to human interactions and behavior. While the idea of analyzing data within the insurance industry has gained popularity more recently, it’s actually an old concept. 1. 2. 3. 4. 1. 2. 3. 4.
Artificial Intelligence in Insurance | Benefytt Technologies The insurance industry is seeing a welcome disruption via artificial intelligence (AI), but only a few companies might benefit from this breakthrough. Most organizations lack cognitive technologies to process insight, and this makes the data almost useless. But insurtech companies can connect the potential of the AI data streams available. In this complete introduction to artificial intelligence, you’ll be learning: Characteristics of artificial intelligence (AI)How AI worksRecent AI trendsAI applications in the insurance and insurtech industryFuture of AI in the insurance industry And although artificial intelligence is massively popular, other complex tech topics like big data and deep learning can often cause confusion. So if you want to leverage AI and get the best out of this breakthrough, this article is for you. What is Artificial Intelligence (AI)? The concept combines different disciplines: computer science, philosophy, psychology, math, sociology, biology, and neuron science. #1.
Extensive COVID-19 Survey Reveals Interesting Findings Healthinsurance.com, Benefytt’s direct-to-consumer private insurance and Medicare website, is getting a solid pulse on the reactions and concerns of Americans throughout the coronavirus pandemic. The brand recently launched a series of COVID-19 surveys, which gathered insights from 1,000+ respondents of all ages. The most recent survey was the most comprehensive one yet, covering COVID-19 topics such as testing and vaccines, social distancing and mental health, economic impacts, and more. COVID-19 Survey Highlights The survey yielded some interesting results, among them: 56% think those with insurance are receiving better care than those without insurance.45% of respondents think there is a cure for COVID-19.40% have avoided going to a hospital for a health problem other than COVID-19 due to fear of contracting the illness.33% feel seniors who have a Medicare Advantage plan are getting better COVID-19 treatment. Watch the latest video at <a href="
Coronavirus Updates Feed | Benefytt Technologies Novel Coronavirus has undoubtedly changed the world. And the economic impacts from the virus are highly visible on a global scale: The stock market has declined, small businesses have shut down, millions of people have lost their jobs, and unfortunately, many of those who were diagnosed with Coronavirus disease have lost their battle. To track the developments of this global pandemic, our direct-to-consumer website, Healthinsurance.com launched a news feed to consolidate and recap global news pieces and highlights about Coronavirus. The topics covered range from day to day, focusing on both positive and negative impacts. Topics have included: Coronavirus statistics: Updates on number of reported and confirmed cases, COVID-19 deaths, mortality rates, and patient recovery data. Visit Healthinsurance.com’s live feed for Coronavirus updates.
Benefytt streamlines health insurance customer enrollment Trust and engagement through e-signatures Security is a top priority for Benefytt, and Adobe Sign’s security and authentication capabilities help the company protect the privacy of its customers. “Security and technology are the core focus for the whole company. We handle a lot of personal data and private health records – and our customers rely on us to help protect that data,” says Conley. “The only way we can continue to earn their trust is to show we do everything we can to safeguard their data. With that level of trust and security, Conley feels comfortable persuading other areas of the business to adopt Adobe Sign. “HR always understood the value of Adobe Sign but hadn’t taken full advantage of the application,” says Conley. The HR department now uses e-signatures for onboarding, offboarding, and everything in between. Conley is also working with the head of compliance on using Adobe Sign to manage contracts.
Benefytt keeps an aging population covered with Adobe Sign Benefytt helps people find the right Medicare and life insurance plans for them and makes it easy to enroll. Its customers are among the fastest-growing demographic in the U.S. – and a moving target in terms of technology. “People who are 65 today didn’t grow up with the internet, so their digital skills vary. In 10 years, however, 65-year-olds will have spent most of their adult lives around digital technology,” says Travis Conley, CTO at Benefytt. “We have to keep things simple for people who aren’t comfortable with technology today, while getting ready to serve tech-savvy customers tomorrow.” That’s a challenge Benefytt doesn’t shy away from. “Benefytt has used Adobe Sign for years to provide customers with e-signature capabilities, making it easy for people to sign up for health insurance coverage without all the paperwork,” says Conley. Adobe Sign E-signatures keep business moving. Learn more Simple, highly secure health insurance enrollment
HIIQ Changes Its Name to Benefytt Technologies Inc. Company acquires major direct-to-consumer website as part of growth strategy On March 6, 2020, Health Insurance Innovations, Inc., announced that its corporate name changed to Benefytt Technologies, Inc. The name change signifies the company’s go-forward strategy to be a premier health insurance technology company that offers self-guided plan comparison tools and technology solutions surrounding a range of Medicare, private health insurance, and life insurance products to meet the evolving needs of its customers. Healthinsurance.com: A convenient resource for consumers Benefytt also acquired a direct-to-consumer site, healthinsurance.com, which offers powerful online comparison tools and educational resources to Medicare-eligible consumers, giving site visitors the ability to view available plan options in their areas and the option to enroll in a Medicare plan directly from the site. More tech solutions and insurance options than ever
Stock Price to Surpass $60: Citron Research Predicts Citron Research, one of the longest-running stock commentary websites, recently noted that the Coronavirus pandemic is the moment that will make telemedicine mainstream. And Benefytt Technologies (BFYT) is at “the forefront of this megatrend,” according to Citron. As a result, Citron predicts that Benefytt’s stock will surpass $60 by the end of this year. Citron’s full report came on the heels of a recent White House briefing to the country in which the need for more telemedicine offerings for seniors emerged as a key theme. The first half of the Citron report addresses Benefytt’s role in Medicare Advantage and Telemedicine. According to Citron: “There are 10,000 people turning 65 everyday. Over the past decade, enrollment in Medicare Advantage has nearly doubled to 22 million enrollees. That’s why Benefytt has made strategic acquisitions, beginning with TogetherHealth, PAP LLC, a brokerage that generates over 1 million Medicare Advantage leads annually.