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Ringmaster Technologies Signs EDI License Agreement with Young Consulting

Hudson, OH (December 2, 2020) Ringmaster Technologies – a cloud-based healthcare software provider focused on simplifying and enhancing Stop-Loss procurement processes – is pleased to announce a license agreement with Young Consulting, Inc., an industry leader in the development of software solutions for the underwriting of medical stop loss. Ringmaster announced today that they have licensed Young’s Proprietary EDI Transaction Set(s) for medical stop loss transactions.

“With this integration, Ringmaster clients subscribing to Quote-LinQ will be able to auto generate stop loss proposals without any data entry. All financial terms, lasers and contingencies will be included automatically in a proposal across multiple underwriters in a custom format,” said Jeremy Martin, CTO of Ringmaster.

“I couldn’t be more excited to partner with Young Consulting. This integration will ultimately benefit the underwriters by eliminating data entry for all incoming quote requests and allow underwriters to process more quotes in a shorter period of time. RMT is expected to launch Agency-LinQ, a real-time platform for brokers/agents in the first quarter of 2021. This development will demonstrate our commitment to automating the stop loss ecosystem and the Young partnership will deliver integration capabilities never before seen in the industry,” said Todd Roberti, CEO of Ringmaster.

“We are delighted to be working with Ringmaster as a one of our partners to automate the quote process with stop loss carriers. EDI transaction sets achieve fully automated workflows of the quoting process and creates a truly integrated marketplace among all players in the stop loss market.” –

David Young, President of Young Consulting.

“This partnership enhances our pursuit of standardizing the electronic distribution of RFP requests and Quoted terms between all players in the stop loss ecosystem.” – Tony Lennard, Vice President of Young Consulting.

 

About Ringmaster Technologies, Inc.

Ringmaster is a cloud-based healthcare software provider created to simplify and enhance administrative processes by utilizing cutting edge technologies. Ringmaster offers the first fully automated workflow optimization solution that will drastically slash processing time and complexity while minimizing the turnaround time for

Stop-Loss quoting, contracting, and policy administration. Ringmaster Technologies – Making Workflows Work Smarter.

For more information, please visit www.ringmastertech.com

 

About Young Consulting

Young Consulting is the market leader in providing software solutions to the employer stop loss marketplace with integrated software solutions for the marketing, underwriting and administering of medical stop loss insurance for Carriers, MGU’s, Brokers and Third Party Administrators.

Visit www.youngconsulting.com to learn more.


CONTACT:

For Ringmaster

Maria Roberti, 973-727-2978

mroberti@ringmastertech.com

or

For Young Consulting

Tony Lennard, 678 324 3176

tlennard@youngconsulting.com