NEW PROVIDENCE, NJ–May 16, 2019
Leading provider of next-generation automated benefits technology, EverythingBenefits, today announces its partnership with Picwell, the provider of advanced predictive decision support solutions for consumer and employee benefits plan selection information. This marks a new chapter in the company’s commitment to delivering next generation, end-to-end benefit technology solutions and services to employers, employees, benefits carriers, and insurance brokers.
The partnership provides a powerful artificial intelligence (AI) driven interface that presents personalized recommendations tailored to best fit the needs of each user. The solution correlates the demographics of employees and dependents against over 900,000 critical determinant factors representing decisions and outcomes by millions across the country that share similar characteristics. As individuals continue to become more educated about their benefits and make better decisions with the help of technology, advice and corresponding outcomes will improve as well.
“EverythingBenefits’ implementation of artificial intelligence is a clear example of our company’s philosophy that technology should make life simpler, more rewarding, and more enjoyable,” said Rachel Lyubovitzky, EverythingBenefits CEO. “We’ve taken on the challenges of the industry and it’s a rewarding experience to deliver solutions that address complex benefits needs with the most advanced technology.”
“We are excited to partner with EverythingBenefits and push this manual industry into an era of automation through the use of technology,” said Matthew Sydney, CEO of Picwell. “Our AI integration will empower individuals to make informed decisions on the benefits they need and should have access to - further simplifying and streamlining the user experience in the benefits industry.”
EverythingBenefits remains committed to its goal of expanding its world-class technology suite to provide better analytics, more predictability, control and engagement from users. It not only meets the standards for benefits, but changes the entire experience for the better ultimately giving employers and employees a better understanding of their choices and providing insight for carriers to build comprehensive products.
EverythingBenefits is a leading provider of next-generation, end-to-end benefit technology solutions and services that help businesses of all sizes and their employees experience benefits in more meaningful ways. By leveraging an open business model, EverythingBenefits partners with benefit brokers, independent agents, insurers, payroll or human capital management companies, and other providers. The company’s philosophy is that technology should make life simpler, more rewarding, and more enjoyable. For more information, please visit our web site at www.everythingbenefits.com or connect with us via LinkedIn, Twitter, or Facebook.
Picwell is a Philadelphia-based software company that uses proprietary analytics to distill a complex array of benefit information down to simple, independent and objective plan scores that consumers can easily understand, thereby allowing them to choose their annual insurance coverage with confidence. Picwell delivers an individual's plan score and prioritization data directly via API to enrollment experiences of some of the nation’s largest employers and brokers. Picwell has delivered more than 1.5 million recommendations since 2015 to consumers seeking individual, group and Medicare coverage.