Integrated offering will combine Rising’s medical cost reduction & data analysis technology & Sapiens’ core platforms, enabling PAYERs to make data-driven, cost-effective business decisions
Mar 3, 2021 – Rising Medical Solutions, a provider of healthcare management solutions for the workers’ compensation, auto, liability and group health markets, and Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today a partnership and integrated offering that will provide carriers with the tools and intelligence to make well-informed, data-driven, equitable payment decisions as to medical care/treatment.
The joint Sapiens-Rising offering will help payers utilize critical data in real time while providing an enhanced user experience – from a rich user interface to a seamless integration covering processes from claims transactions through medical management oversight and payment. Rising provides medical cost containment and care management services, including medical bill review, to manage the cost and quality of medical care.
“Sapiens’ commitment to providing insurers with technology-fueled, customer-centric solutions matches our own,” said Rising CEO Jason Beans. “When two foundationally aligned companies collaborate, client goals and program successes can be reached far more rapidly.”
Targeting workers’ compensation and property & casualty payers, the joint offering will integrate with both Sapiens Platform for Workers’ Compensation and Sapiens CoreSuite for Property & Casualty. Combined with Rising’s proprietary technology – the industry’s only fully integrated, multi-product, multi-line, healthcare management platform – the offering will help organizations unlock the value of their claims and medical management information from transaction to reporting, providing greater insight to make more informed decisions across the enterprise.
“With our new partnership, stakeholders will have more options to address a wide range of business challenges and processes – from transaction to reporting – leveraging Sapiens’ industry-leading technology and Rising’s extensive comprehensive managed care suite,” said Roni Al-Dor, Sapiens President and CEO.
Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers’ compensation and financial markets. With more than 35 years of experience delivering to more than 550 organizations globally, Sapiens has a proven ability to satisfy customers’ core, data and digital requirements. For more information: www.sapiens.com.
About Rising Medical Solutions
Rising Medical Solutions is a national medical-financial solutions firm that provides medical cost containment and medical care management services to the workers’ compensation, auto, liability, and group health markets. Rising also directs and publishes the annual Workers’ Compensation Benchmarking Study, a national research program examining the complex forces impacting claims management in workers’ compensation today.