LOS ANGELES, CA--(Marketwired - October 06, 2016) - Denver, CO-based COPIC has recently signed a multi-year agreement with Glendale, CA-based MedFax™. COPIC's family of companies includes COPIC Insurance, COPIC Financial Group and COPIC Medical Foundation.
MedFax™ is a highly accurate, up-to-the-minute medical data platform that collects, aggregates and distributes primary source information, including demographic, education/training, practice, licensing, certification, investigation, disciplinary and legal records for every MD and DO in the United States. The data is transformed into actionable provider intelligence by standardizing, indexing and cross-referencing each piece of information on a daily basis, enabling users to realize powerful insights in real time.
MedFax™ is the only company who has committed the substantial time and financial investment required to create a transparent, non-biased, highly accurate, fact-based database. They have quickly become an invaluable resource for companies to be able to evaluate a medical professionals' background with a simple touch of one button.
The technology enables medical professional liability insurers the ability to quickly optimize new business acquisition, customer retention, operational processing and risk/claims management, by accelerating physician community risk awareness.
"MedFax™ enables proactive identification and rapid assessment of risk within very specific target market segments in a very short amount of time," said William Moss, EVP Business Development and Strategy. "Our data solutions are providing our subscribers with a critical strategic market advantage. No one else provides this level of unbiased and comprehensive real time analytics to customers," he added.
"COPIC is a nationally recognized leader at the forefront of addressing the challenges of healthcare and patient safety," said COPIC Chief Operating Officer Gerry Lewis-Jenkins. "Through ongoing funding and research, we collaborate with others who are making a significant difference in the field of health care. MedFax™ shares our common mission of improving medicine in the communities we serve."
"Our reputation is based on protecting our insureds through trusted coverage, solid defense and unparalleled customer service. MedFax™ will quickly take us to the next level as it relates to risk assessment of medical professionals, further enhancing patient safety," said Janel Loud-Mahany, COPIC vice president of underwriting and policyholder service. "We look forward to a successful collaboration with MedFax™."
ABOUT TRUTHMD and MEDFAX
TruthMD was founded in 2012 and launched the company's first product, MedFax™, in 2013. MedFax™ unifies the data needs of healthcare providers, payors, P&C insurers, policymakers and patients within a user-friendly platform that automatically and continuously consolidates and cross references more than 10,000 sources of information on MDs and DOs, making the data available at the touch of a button. TruthMD is a privately held company, located in Southern California. For additional information, please visit www.medfax.com.