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Gradient Ai Acquires Healthcare Analytics Business Unit From Prognos Health To Expand Medical Underwriting Offering

PRIVATEOct 10, 2022

Acquiring Company

Gradient AI

Acquired Company

Healthcare Analytics Business Unit

BostonInformation TechnologySoftwareArtificial IntelligenceSaaSMachine LearningInsurtechInsurance

Description

Self Insurance Institute of America (SIIA) conference -October 10, 2022- Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced that it has acquired Prognos Health’s analytics business underwriting unit to leverage data from the company’s large collection of integrated medical records and lab data via its real-world data marketplace.

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Company Information

Company

Gradient AI

Location

Boston, Massachusetts, United States

About

Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry. Its solutions improve loss ratios and profitability by predicting underwriting and claim risks with greater accuracy, as well as reducing quote turnaround times and claim expenses through intelligent automation. Unlike other solutions that use a limited claims and underwriting dataset, Gradient's software-as-a-service (SaaS) platform leverages a vast dataset comprised of tens of millions of policies and claims. It also incorporates numerous other features including economic, health, geographic and demographic information. Customers include some of the most recognized insurance carriers, MGAs, TPAs, risk pools, PEOs and large self-insureds across all major lines of insurance. By using Gradient AI’s solutions, insurers of all types achieve a better return on risk.

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Frequently asked

Who acquired Healthcare Analytics Business Unit?

Healthcare Analytics Business Unit was acquired by Gradient AI, based in Boston. The deal was reported on October 10, 2022. Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry. Gradient AI is privately held and operates in Information Technology.

When did Gradient AI acquire Healthcare Analytics Business Unit?

Gradient AI's acquisition of Healthcare Analytics Business Unit was reported on October 10, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Healthcare Analytics Business Unit do?

Healthcare Analytics Business Unit is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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