What Parameds.com does

Parameds.com, a subsidiary of PDC (Professional Data Company), is a US-based B2B service provider to the insurance industry, founded in 1998 by Eli Rowe and headquartered at 120-10 Queens Blvd, Kew Gardens, NY. The company specializes in Attending Physician Statement (APS) retrieval and summary services, exam solutions coordination, underwriting/claims support, and back-office administration, serving Life, Disability, Long-Term Care, and Health insurance carriers. Its flagship offering, APS Advantage, combines APS retrieval with optional expert-prepared summaries, achieving a stated national turnaround averaging less than nine calendar days versus a stated industry baseline of 15-30 days, and is delivered through a nationwide network of 600,000+ doctors and 90,000+ medical facilities with representatives covering every US city.

The platform layer is the proprietary MediRisk underwriting/claims system (developed 1999), an objective third-party rating methodology that cross-references medical conditions, medications, family history, occupation, and demographics to assign point-based insurability assessments. Supporting technology includes AutoDispatch (provider and routing automation), InstaSend and InstaCheck (128-bit encrypted real-time status tracking), Status-at-a-Glance (secure FTP/SSL portal), ExamScan (electronic record transmission), and Pik'nclik (pre-set exam ordering management). The company operates a HIPAA- and HITECH-compliant environment for handling Protected Health Information, and processes both structured applicant data and text-based APS summaries.

Commercially, Parameds.com generates revenue through transaction fees (APS retrieval, exam solutions, MVR, lab/diagnostic testing), professional services fees (APS summaries, tele-underwriting, outsourced/remote underwriting, pre-underwriting), and managed services (back-office support). Distribution is sales-led, with dedicated Customer Relationship Managers supporting enterprise accounts that order electronically through a secure web platform, and the company is privately held with no disclosed funding events, operating as a wholly-owned subsidiary of PDC.

Name

Parameds.com

Legal name

Parameds.com, Inc.

Website

https://parameds.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Kew Gardens

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. APS Retrieval Services: Retrieval of Attending Physician Statements from medical providers for insurance underwriting and claims purposes. National turnaround time averaging less than 9 calendar days, with SLA guarantees.
2. APS Summary Services: Expert preparation of APS summaries by experienced underwriters, including health history synopsis, chronological detailing of tobacco use, medications, prior conditions, lab tests, BP, and cholesterol metrics.
3. Exam Solutions: Medical examination services including M.D. and Board Certified Exams, chest x-rays, PFT/TVC, EKG, stress tests, blood drawing, HOS and saliva testing. Services arranged through mobile and fixed-based medical examination organizations.
4. Outsourced/Remote Underwriting: Flexible staffing resources allowing underwriting departments to ramp up during busy times. Provides access to underwriters with various experience levels ranging from lower limit speed issue underwriters to former department heads and chief underwriters.
5. Tele-Underwriting and Expert Automated Underwriting: Phone interviews guided by MediRisk system, customizable reflexive data-gathering tool coordinating physician and pharmacological databases for risk evaluation.
6. Pre-Underwriting and Quick Quotes: Insurability inspection services for risk triage screening including application review, telephone or web-based data gathering, and personal health interviews.
7. Motor Vehicle Reports (MVR): Obtaining Motor Vehicle Reports as part of Insurability Inspection Reports through secure 128-bit encrypted systems platform.
8. Customized Back-Office Support: New business and application processing, inbound/outbound customer contact (multi-lingual and 24/7), information capture, data entry, electronic imaging, email and mail fulfillment.
9. Additional Services: Laboratory and diagnostic testing, flu shots, drug testing, occupational health testing, independent medical evaluations, DNA testing, bone density testing, CPR/First Aid training.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Parameds.com (a PDC company) provides Attending Physician Statement (APS) retrieval and summary services, medical exam coordination, and underwriting/claims support to Life, Disability, Long-Term Care, and Health insurance companies. Its flagship APS Advantage offering combines retrieval (averaging under 9 calendar days nationwide) with optional expert-prepared summaries, supported by proprietary technologies such as AutoDispatch, InstaSend, InstaCheck, ExamScan, and the MediRisk underwriting system.

Product overview

Parameds.com is a PDC company serving the insurance industry since 1998 with a suite of risk management and requirement retrieval services. The core offering is APS Advantage, combining APS Retrieval (averaging under nine calendar days via AutoDispatch technology) with optional APS Summaries prepared by experienced underwriters. The MediRisk platform, developed in 1999, powers automated underwriting and tele-underwriting services using computer reflex prompted interviews. Additional services include Exam Solutions (coordinating medical exams across a national network), Outsourced/Remote Underwriting staffing, Pre-Underwriting and Quick Quotes, Motor Vehicle Reports, Claims Examination Support, Customized Back-Office Support Solutions, and Laboratory/Diagnostic Testing. The company also provides proprietary technology including InstaSend, InstaCheck (128-bit encrypted systems), Status-at-a-Glance, and ExamScan for real-time tracking and electronic record transmission.

Differentiator

Problem solved

Functional benefit

Products and services

• APS Advantage Combined APS retrieval and summary service for insurance underwriters and claims examiners, featuring chronological sorting, electronic imaging workflow, and optional expert-prepared underwriting summaries.
• APS Retrieval Retrieval of Attending Physician Statements from doctors and medical facilities using AutoDispatch technology across a national database of over 600,000 doctors and 90,000 facilities, with average turnaround under nine calendar days.
• APS Summaries Expert-prepared summaries of medical records created by experienced underwriters, providing chronological health history synopsis including tobacco use, medications, conditions, lab tests, and vital signs.
• Exam Solutions Coordination of medical examinations including M.D. exams, chest X-rays, EKG, stress tests, blood drawing, PFT, and HOS testing through a nationwide network of mobile and fixed-base examination organizations.
• MediRisk Underwriting/Claims System Objective third-party underwriting rating system using computer reflex prompted interviews that cross-references medical conditions, medications, family history, occupation, and demographics to generate point-based insurability assessments.
• Expert Automated Underwriting and Tele-Underwriting Trained underwriters conduct in-depth phone interviews guided by the MediRisk system, combining medical knowledge with data triangulation to objectively measure risk factors and expedite policy issuance decisions.
• Outsourced/Remote Underwriting Flexible staffing solution providing experienced remote underwriters to assist insurance company underwriting and claims departments with staff augmentation, ranging from lower-limit speed-issue underwriters to former chief underwriters.
• Pre-Underwriting and Quick Quotes Insurability inspection services for risk triage including application review, telephone or web-based data gathering, and personal health interviews to screen applicants before full underwriting.
• Motor Vehicle Reports (MVR) Retrieval of Motor Vehicle Reports as a component of Insurability Inspection Reports, tracked through the InstaSend and InstaCheck secure platform with real-time status updates.
• Customized Back-Office Support Solutions Administrative support services including new business and application processing, inbound/outbound customer contact (multi-lingual and 24/7), data entry, electronic imaging, and email/mail fulfillment.
• Laboratory and Diagnostic Testing Additional testing services including flu shots, drug testing, occupational health testing, independent medical evaluations, DNA testing, bone density testing, and CPR/First Aid training.
• Claims Examination Support APS summary services structured to expedite claims decisions, identifying potential preexisting conditions and facilitating mortality or morbidity claim evaluations.

Quantifiable outcome

• National turnaround time averaging less than 9 calendar days vs industry average of 15-30 days
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ExamOne (Quest Diagnostics): A subsidiary of Quest Diagnostics providing insurance paramedical examination services, APS retrieval, and laboratory testing for life, disability, and health insurers. Direct competitor in the same target market with overlapping service offerings and customer base.
• Exam Management Services Inc. (EMSI): A leading provider of mobile medical examination services, APS retrieval, and screening services for the insurance industry. Directly comparable to Parameds in service mix, customer base, and national delivery model.
• Portamedic (Stericycle): A Stericycle brand providing insurance paramedical examinations, APS retrieval, and related risk assessment services. Direct competitor in life and health insurance exam coordination and APS retrieval.
• APPS Paramedical Services: Provider of paramedical examination services, APS retrieval, and underwriting support to the life and health insurance industry. Direct peer offering similar services to similar carrier customers.
• ExamWorks Group: Provider of independent medical examinations (IMEs) and related services for insurance, legal, and employer markets. Direct peer in medical exam coordination, underwriting support, and insurance services.
• Sterling (Sterling Talent Solutions): Provider of background screening, drug testing, and identity verification services, including for insurance underwriting and claims. Direct peer in insurance-related screening and risk assessment services with overlapping service lines.

Broad incumbents

• MIB Group: Industry-wide data sharing and fraud prevention service for the life and health insurance industry. Operates a broader data-sharing platform that complements rather than directly competes with Parameds' retrieval services, but serves the same carrier customer base.
• Milliman: Global actuarial and consulting firm serving the insurance industry with risk assessment, analytics, and consulting services. Broad incumbent in insurance services with adjacent rather than direct overlap with Parameds' retrieval and exam offerings.
• Verisk: Data analytics and technology provider for the insurance industry, including underwriting and claims solutions. Broad incumbent in insurance technology with adjacent services to Parameds' underwriting support offerings.
• Genpact: Global professional services firm providing digital transformation, BPO, and insurance services including underwriting support and back-office operations. Broader services firm with an insurance services practice that competes with Parameds' back-office and underwriting support offerings at enterprise scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parameds.com