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ChronWell to Compete Against Elite Group of Start-Ups at RIMS “Shark Tank”-Styled Showdown
Date:4/18/2019

ChronWell, a technology-enabled injury management program for the workers' compensation industry, today announced it has been invited to participate in the inaugural “RIMS Tech, the Insurtech Competition” at RIMS 2019 Annual Conference & Exhibition, which will be coming to Boston April 28th through May 1st.

The competition, which aims to award innovative start-ups for their efficiency-enhancing solutions, will allow select companies to pitch their technologies in a “Shark Tank”-styled showdown. The judges include expert risk managers and professionals from prestigious companies, including Walt Disney World® Resorts, General Motors Company, Ocean Spray Cranberries Inc., Groupon and BlackRock, Inc.

“In a competitive market, the RIMS Tech competition provides a platform for these start-up companies, as well as a valuable opportunity for risk professionals to familiarize themselves with potentially game-changing solutions,” said Audrey Rampinelli, OnRamp Risk, LLC CEO and sponsor of the event.

ChronWell will demonstrate its Recovry Central injury management platform. The platform uses advanced technology, including Artificial Intelligence (AI), mobile apps and cloud-based computing, to address on-site injuries, engage injured workers and help deliver a unified care experience throughout the entire accelerated cycle of the claim. This minimizes the impact of workplace accidents on insurers, employers and injured workers.

“It’s an honor to demonstrate our product alongside other innovative start-ups,” said Joe Rubinsztain, CEO of ChronWell. “I’m confident that the judges will see the positive impact Recovry Central and its technology has in enabling a new path forward for all parties to be able to navigate the ins and outs of a workers’ comp system that’s long overdue for change.”

In April, ChronWell announced the positive results of its pilot with California Farm Management (CFM), a self-insured collective of farms. By empowering skilled humans and deploying ChronWell’s Recovry Central care navigation solution to a pool of several thousand agricultural workers, CFM achieved 28% fewer workers’ compensation claims and a one-third reduction in litigated claims, resulting in an overall 30% savings in claims costs over a 28-week period.

At RIMS 2019, ChronWell will exhibit in the Start-Up Stadium, a section of the RIMS Marketplace dedicated to emerging start-up exhibitors.

To learn more about ChronWell and its Recovry Central technology, visit http://www.chronwell.com.

About ChronWell
Based in Fort Lauderdale, Fla. and founded in 2017 by health care and insurance technology veterans, ChronWell has developed a unified care navigation platform for the workers’ compensation system in America. Combining breakthrough technology, advanced analytics, artificial intelligence (AI), and empathy-driven services, ChronWell minimizes the impact of workplace accidents on workers, employers and insurers. ChronWell helps navigate care from the onset of an injury through the resolution of a claim by efficiently establishing lines of communication and bridging the gap between employee, employer and insurance company. ChronWell will also leverage technology to expand adjuster capabilities. For more information, visit http://www.chronwell.com.

About RIMS Annual Conference & Exhibition
Launched in 1963, RIMS Annual Conference & Exhibition attracts some 10,000 risk and insurance professionals at all experience levels, business executives with risk management interests, brokers, insurers and service providers for the ultimate educational and networking experience. The four-day event offers more than 200 educational sessions, keynote presentations, special events and an expansive Marketplace Exhibit Hall with nearly 400 exhibitors. Following Boston, the event will be hosted in Denver in 2020. For more information, visit http://www.RIMS.org/RIMS2019.

About OnRamp Risk, LLC
Strategically positioning risk for opportunity. OnRamp Risk, LLC is a unique industry hybrid leveraging deep risk management expertise with an ever-expanding knowledge of the creative InsurTech ecosystem. A leading advocate for innovation in risk management, OnRamp Risk creates value through strategy by providing innovative solutions that bridge tech and risk. For more information, please visit http://www.OnRampRisk.com.

Read the full story at https://www.prweb.com/releases/chronwell_to_compete_against_elite_group_of_start_ups_at_rims_shark_tank_styled_showdown/prweb16250374.htm.


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