NJ Pure has announced that it has selected Ravello Solutions to upgrade and convert the company’s policy administration, claims management and billing systems. Ravello’s technology and business model is expected to fit well with NJ Pure’s strategic and tactical needs, according to NJ Pure Co-founder and President, Dr. Lena Chang. She continues to note Ravello’s professionalism, which understands the intricacies of the insurance business, and the complexity of the Medical Liability line of business.
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Based in Atlanta, Georgia, Ravello is a claims and billing administration system provider for the insurance industry. The company is managed by a senior management team with extensive industry expertise. The well known member of the financial services sector, Thomas Rosencrants, serves as the Chairman and CEO. It’s President and Chief Operating Officer is Andrew Serowitz.
NJ PURE was founded by former NJ Insurance Commissioner James Sheeran (1974-1982) and national award winning insurance actuary Lena Chang, PhD., in 2002 as a solution to the medical malpractice crisis in New Jersey. NJ PURE is the only true direct writer of medical malpractice insurance in New Jersey, and by eliminating the use of agents and brokers, NJ PURE is able to help save physicians premium costs. As a not-for-profit reciprocal exchange, NJ PURE’s profits can only be used to build the surplus level of the Exchange or to pay dividends to NJ PURE subscribers.
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