SOURCE: MedFax

August 25, 2016 08:30 ET

Medical Liability Mutual Insurance Company Pens Exclusive Agreement With MedFax, a Subsidiary of TruthMD

LOS ANGELES, CA--(Marketwired - August 25, 2016) - New York-based Medical Liability Mutual Insurance Company (MLMIC) has recently signed a multi-year exclusive agreement to leverage MedFax in order to optimize business acquisition and retention. MLMIC is the state's largest medical malpractice insurer with over 40 years of experience.

MedFax is a professional profile monitoring and data service that automatically aggregates and distributes primary source demographic, education/training, practice, licensing, certification, investigation, disciplinary and legal records regarding every MD and DO in the United States. MedFax transforms this data into actionable Provider Intelligence by standardizing, indexing and cross-referencing each piece of information, enabling users to realize powerful insights in real time.

MedFax offers medical professional liability insurers the ability to optimize new business acquisition, customer retention, operational processing and risk/claims management, by accelerating risk awareness and facilitating communications within the physician community. MedFax is especially effective with respect to new business acquisition, by enabling proactive identification and rapid assessment of desired risks within very specific target market segments.

"Our data solutions are providing our subscribers with a critical strategic market advantage," said William Moss, EVP Business Development & Strategy with MedFax parent company TruthMD. "MedFax enables MPL companies of all sizes to cost-effectively identify and cultivate opportunities by unlocking the power of real-time actionable data. No one else provides this level of unbiased and comprehensive real time analytics to customers," he added.

"Consolidation and efficient analysis of data is critical for the success of any organization's business development," added Michael Schoppmann, President of MLMIC's service company. "The advantage that we are acquiring through our relationship with MedFax will help protect all of our policyholders into the future."

ABOUT TRUTHMD

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 single business 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 is located in Southern California. For additional information, please visit www.medfax.com.

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