Ventiv Technology

85 ©2023 Redhand Advisors. All rights reserved. Company Info Ownership Privately held Founded | 2017 Headquarters & Locations • Santa Clara, California Leadership • Heather Wilson, CEO • Rick Rosenthal, CFO • Tyler Jones, CCMO • Tom Warden, CISO • Gabe Cossio, VP of Sales Contac t Tyler Jones 818-481-2555 tyler.j@claraanalytics.com Annual Revenues Not disclosed Top Industries • Finance & Insurance • Healthcare • Insurance Produc t Of ferings • Benchmarking • Claims Administration • Data Analytics/ Predictive Modeling/AI CLARA Analytics Company Overview Clara Analytics improves claims outcomes in commercial insurance with easy-to-use AI-based products. The company's product suite applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, bills and other documents surrounding a claim. CLARA's predictive insight gives adjusters "AI superpowers" that help them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA's customers include companies from the top 25 global insurance carriers to large third-party administrators and self- insured organizations. CLARA Product Information CLARA Triage – Close claims faster with artificial intelligence (AI) daily insights for claims adjusters highlighting opportunities to expedite simple claims, improve reserve levels, optimize adjuster workloads and improve outcomes CLARA Litigation – Lower your attorney involvement with AI insights to detect litigation risk, manage attorney performance, and resolve claims effectively CLARA Treatment – Get better care while lowering medical expenses with AI insights that optimize your provider network, direct patients to the best medical providers, and mitigate unnecessary medical costs CLARA Optics – Use AI to read every medical record and bill to gain claim insights. Optics scans and analyzes claims-based medical records for instant collation, historical summarization and alerts in searchable user interface with daily updates CLARA MSP (Medicare Secondary Payer) – Save operating expenses and time with CLARA's AI powered solution that generate CMS-approvable MSA/MSP compliance reports in minutes vs weeks Implementation methodology Implementation of CLARA's product suite does not require a large IT lift for customers. Once historical claims data is provided CLARA does the heavy lifting with the following phases: Historic Data Ingestion, Model Training & Configuration, Daily File Ingestion Configuration, Training, and Ongoing Adoption Tracking & Value Quantification. CLARA has prebuilt integrations with RMIS systems including Guidewire and Origami Risk along with API's that can connect to existing systems on the customer side. Technology Overview CLARA's products leverage advanced AI, machine learning, and predictive technology to identify at-risk claims, giving claims representatives vital information about what will drive a claim's escalation, and provide tools such as action plans to intervene and reduce costs and get the claimant back to their everyday lives sooner. Customer Experience Support Hours Monday to Friday 7am to 7pm (PST) 24/7 emergency Support Offered • Dedicated account representative • Email • Knowledge base • User manuals • Website User Conference No Client Advisory Council Yes Product Release Schedule SaaS solution Implementation Time 8-12 weeks Product License Annual subscription Customers Users Deployment SaaS Hosting Vendor hosted Security Certifications • SSAE 18 SOC 2 Type II • HIPAA 3rd Party Assessment December 2022 Data Encryption | Yes Browsers • Google Chrome • Internet Explorer • Microsoft Edge claraanalytics.com NOT FOR DISTRIBUTION

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