MHW learned today that Traffk — a Los Angeles art district-based insurance technology company — is acquiring Portland, Ore.-based Capsci Health.
If you’re not familiar, we’re told that Capsci Health’s HIPAA compliant, mobile technology platform personalizes health plan members’ benefits, allowing them direct access to their plan’s benefits, ID cards, preferred providers and telemedicine.
The addition of Capsci Health’s mobile capabilities enables underwriting and risk management to occur at the individual health plan member level by combining Traffk’s massive data analytics and insurance underwriting technology with individual member level insights and communications.
“This acquisition is another critical component of Traffk’s end-to-end insurance technology solution providing for massive, individualized data collection, analysis of that data through AI, machine learning and proprietary algorithms, and the development of next generation insurance products and services that are personalized, sustainable and actionable,” says Traffk co-founder Paul Ford.
Capsci’s CEO, Chris Logan, is equally optimistic.
“We are excited to leverage our mobile technology into Traffk’s existing platform and pipeline to allow the true potential to be realized,” Logan adds.