Risk Assessment Services
Risk Assessment Services (RAS) is a private, NJ-based multi-shore knowledge process outsourcing firm that delivers medical record retrieval, coding, and summarization through its RASXpress™ portal to insurance carriers, legal firms, and healthcare organizations across the US, Israel, and the Philippines.
- Company typePrivate
- Founded2005
- HeadquartersFlemington, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Risk Assessment Services does
Risk Assessment Services, Inc. (RAS), founded in 2005 and headquartered in Flemington, New Jersey, is a privately held advisory and services firm that delivers multi-shore knowledge process outsourcing solutions to the insurance, legal, and healthcare communities. Its core offering centers on RASXpress™, a trademarked case management and record retrieval portal through which the company provides medical record retrieval, coding, e-summaries, e-sorting/scrubbing, IME chart preparation, and XML-coded output. Subject matter expertise is sourced from a network of 5,000+ content professionals — physicians, lawyers, pharmacists, and allied science experts — based across the US, Jerusalem (Israel), and Manila (Philippines), enabling the firm to deliver American-qualified resources at offshore cost structures.
The company generates revenue primarily through transaction-fee billing for medical record retrieval services paid directly by insurance carriers, while offering complimentary BGA case management (order, status, follow-up, electronic delivery) to General Agencies as a channel lock-in. RASXpress is integrated with 22+ insurance carriers including Prudential, John Hancock, Nationwide, Transamerica, Pacific Life, and Genworth, serving underwriting for life, health, disability, and long-term care policies plus claims processing and legal case preparation. The firm claims up to 75% underwriting cost reduction for clients and maintains HIPAA and GLBA compliance.
Operationally, RAS has remained founder-led since inception; founder David Goldberg retired after 15 years as CEO and continues in an advisory capacity, joined on the advisory board by Stephen Appelbaum (founder of The Evidence Store), Lee Love (insurance investigations consultant), and Jeff McCauley (president of MARKETech). The company has no disclosed funding rounds, no parent company, and operates with a lean direct B2B go-to-market leveraging the RASXpress portal, industry association partnerships (ACLI, ACORD, AHOU, IAOP, LIDMA, LOMA, MIB, NAIFA, NAILBA, RIMS), and advisory-board-driven relationship sales.
Risk Assessment Services firmographics
Firmographics- Name
- Risk Assessment Services
- Legal name
- Risk Assessment Services, Inc.
- Website
- https://rasdirect.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Risk Assessment Services (RAS) is a private, NJ-based multi-shore knowledge process outsourcing firm that delivers medical record retrieval, coding, and summarization through its RASXpress™ portal to insurance carriers, legal firms, and healthcare organizations across the US, Israel, and the Philippines.
- Ownership category
- akta.pro rank
Where Risk Assessment Services is headquartered
LocationHeadquarters
- HQ city
- Flemington
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Risk Assessment Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Medical Record Retrieval Services: Medical record retrieval and processing services billed to insurance carriers. BGA Case Management (including order, status, follow-up) and electronic record delivery is provided complimentary to General Agencies.
- Knowledge Process Outsourcing Services: Strategic sourcing and vendor management solutions for medical and legal knowledge process outsourcing projects, delivered through a global network of 5000+ content professionals including physicians, lawyers, pharmacists, and allied science experts.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Risk Assessment Services product offering
Product offeringCore offering
Risk Assessment Services (RAS) is a global advisory group that provides medical record retrieval, coding, and summary services for insurance underwriting, claims processing, and legal case preparation. Through its proprietary RASXpress™ portal, the company connects insurance carriers and General Agencies with a multi-shore network of over 5,000 subject matter experts in the US, Israel, and Manila to deliver knowledge process outsourcing solutions for the insurance, legal, and healthcare industries.
Product overview
Risk Assessment Services offers a unified platform centered on RASXpress™, a case management and record retrieval portal. The service portfolio includes medical record retrieval, coding, and summary services, IME preparation, and knowledge process outsourcing leveraging a global network of over 5,000 professionals. RASXpress serves as the unified interface connecting insurance carriers, general agencies, and offshore subject matter experts to deliver multi-shore solutions for the insurance, legal, and healthcare communities.
Differentiator
Problem solved
Functional benefit
Brands
- RASXpress™: A one-stop record retrieval and case management portal for General Agencies, providing medical record retrieval, coding, and summary services.
Products and services
- RASXpress™ Case Management Portal A one-stop record retrieval and case management portal for general agencies and insurance carriers, providing medical record retrieval, order management, status tracking, follow-up, and electronic record delivery for insurance underwriting, claims processing, and legal case preparation.
- Medical Record Retrieval Services Retrieval of medical records for insurance underwriting, claims processing, and legal case preparation, billed directly to the carrier with complimentary case management services provided to General Agencies.
- Medical Record Coding and Summary Services Customized e-summaries, e-sorting, and scrubbing of medical records with medical coding, XML output, and physician specialist assessments for life, health, disability, and LTC insurance underwriting.
- IME Preparation Services Nurse-performed medical record scrubbing, organizing, and formatting to prepare charts for Independent Medical Exams, reducing internal handling and specialist fees for legal and insurance clients.
- Knowledge Process Outsourcing (KPO) Services Global advisory services providing access to over 5,000 content professionals including physicians, lawyers, pharmacists, and allied science experts for research, analysis, editorial, and coding services in the legal, publishing, and medical information sectors.
Quantifiable outcome
- Reduce underwriting expense by up to 75%
- +1 more outcomes
Companies that use Risk Assessment Services
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Risk Assessment Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Risk Assessment Services partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Global Knowledge Process Outsourcing LeaderscoreStrategic alliances formed with global leaders in knowledge process outsourcing to develop cost-effective value-added underwriting, claims, and litigation services for the insurance industry. These alliances provide infrastructure for large-scale offshore projects and technical expertise for complex systems integration.
- Stilwell ServicescorePartnership in 2006 to develop the model for a digital mobile exam to improve and expedite the underwriting process of life insurance. This groundbreaking initiative was later adopted by the leading mobile examination providers.
- HonestyOnline.comminorRAS helped launch HonestyOnline.com in 2005, the leading online credentialing service, and managed their health information services providers.
Scale indicators4 records
Recent moves8 records
Expansion highlights5 records
Risk Assessment Services competitors and assessment
Company assessmentBroad incumbents
- Firstsource Solutions: BPO/KPO provider with healthcare and insurance verticals, offering medical record management, claims and underwriting support — comparable service lines delivered via global delivery centers.
- Genpact: Large global BPO/KPO incumbent with a dedicated insurance vertical offering underwriting support, claims processing and domain-trained analytics — overlaps with RAS but at much greater scale and breadth.
- Concentrix: Large global BPO serving insurance and financial services customers with CX, claims and back-office operations — competes for the same carrier relationship-management budgets.
- Infosys BPM: BPM arm of Infosys serving insurance and healthcare clients with multi-shore delivery and digital platforms — competes for the same large-carrier outsourcing deals as RAS.
- WNS Holdings: Global BPO with significant insurance industry exposure in underwriting, claims and actuarial services. Competes for the same carrier outsourcing budgets as RAS at much larger scale.
- Sedgwick: Major claims management and loss-adjusting services provider with insurance industry focus; overlaps with RAS on the claims-side record retrieval and review work.
Direct peers
- ExamWorks (now part of Genpact): Closest direct competitor: a medical record retrieval, review and IME services platform serving insurance carriers, attorneys and TPAs. Operates the same record-retrieval-and-review workflow for the same carrier and legal buyer base.
- Veritext Legal Solutions: Direct peer in medical record retrieval and litigation support, serving legal and insurance clients with chart review and record production workflows that overlap with RAS's legal-industry offering.
- Examination Management Services, Inc. (EMSI): Long-standing direct competitor in insurance examination services, including paramedical exams, medical record retrieval and related underwriting workflow services to US life and health carriers.
Others
- MIB, Inc. Industry data and member-services organization for the US/Canada life insurance underwriting community. Not a direct competitor but an adjacent ecosystem player RAS is explicitly tied to via its insurance-resources listing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Risk Assessment Services compliance and trust
Trust signalCompliance2 records
Risk Assessment Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Risk Assessment Services leadership team
Management profileNumber of profiles
Profiles4 records
Risk Assessment Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Risk Assessment Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Risk Assessment Services
What does Risk Assessment Services do?
Risk Assessment Services (RAS) is a global advisory group that provides medical record retrieval, coding, and summary services for insurance underwriting, claims processing, and legal case preparation. Through its proprietary RASXpress™ portal, the company connects insurance carriers and General Agencies with a multi-shore network of over 5,000 subject matter experts in the US, Israel, and Manila to deliver knowledge process outsourcing solutions for the insurance, legal, and healthcare industries.
Is Risk Assessment Services a public or private company?
Risk Assessment Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Risk Assessment Services founded?
Risk Assessment Services was founded in 2005. It employs 11 to 50 people.
Where is Risk Assessment Services based?
Risk Assessment Services is headquartered in Flemington, United States, in the North America region.
How does Risk Assessment Services make money?
Two revenue lines are on record. Medical Record Retrieval Services are the primary driver. The others are knowledge Process Outsourcing Services.
Who are Risk Assessment Services's main competitors?
Broad incumbents on record are Firstsource Solutions, Genpact, Concentrix, Infosys BPM, WNS Holdings and Sedgwick. Direct peers are ExamWorks (now part of Genpact), Veritext Legal Solutions and Examination Management Services, Inc. (EMSI). MIB, Inc. is listed as an others.
Does Risk Assessment Services have an API?
No public API is recorded for Risk Assessment Services.