Imagine achieving major cost reductions on behalf of employer clients while spending only half the time and money quoting and modeling all types of self-funded health plans. This simple formula was baked into the DNA of Allay, built six years ago by software engineers, designers and health insurance experts whose key performance indicators revealed a jaw-dropping time savings on mundane tasks.
After being acquired in February by Novo Benefits, which customizes benefits for midmarket employers, it has been rebranded Novo Connection. The tech platform helps producers understand a group’s risk, customize coverage and secure competitive stop loss to match plan designs. As such, the thinking is that there’s no need to field a team of health actuaries.
