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Strategic Advisor / Consultant, New Venture: Disability Claims Management SaaS Platform

Diagram Ventures

Diagram Ventures

United States · Canada · Alberta, Canada
Posted on Saturday, June 1, 2024

Summary

Diagram Ventures is launching a new tech venture developing a SaaS platform to help Disability Insurance carriers accelerate rehabilitation and increase satisfaction of their clients suffering from health issues preventing them from working. We are looking for an advisor to help the venture’s leader in scoping the product roadmap and the go-to-market strategy. The engagement with the advisor would be part-time over the course of the summer 2024 (starting now) and could be extended longer or converted into a full-time role and/or founder position within the new venture. The advisor would work closely with Diagram’s venture leaders to produce the deliverables and reach the milestones mentioned below. The advisor could be compensated in cash, equity in the new venture or a mix of both.

The opportunity

Managing Disability Insurance claims is a multifaceted role, demanding empathy, discipline and critical thinking from claims managers. Current processes require handling vast amounts of information and coordinating between claimants, healthcare providers, and employers for a safe return to work. However, antiquated systems and communications channels such as fax, paper forms, lengthy medical records and legacy systems hamper efficiency. Claims managers must navigate complex decisions with incomplete data, often resulting in delays and errors, escalating costs and diminishing customer satisfaction. Leveraging AI presents an opportunity to revolutionize the process, offering predictive models and streamlined decision-making for a more efficient and less painful experience for all parties involved.

With the help of a few insurance companies as co-design partners and early clients, Diagram Ventures has launched a new venture with the aim of developing a next generation AI-based claims management software. We are now looking to get to the next stage of development with the help of an industry expert as an advisor. The role could evolve into a co-founder position of the newly created venture.

Expectations from the role

In collaboration with Diagram venture’s leadership, the advisor will:

  • Define the go-to-market of the new venture. Within the US and Canadian Group Benefits and Workers Compensation insurance players, determine the right customers to target first and second? Strategies to reduce long sales cycles with clients.
  • Map capabilities of currently available Disability Insurance platform. Define the new venture competitive edge.
  • Produce a product roadmap for the MVP and beyond. Within the targeted market segment, define which features would bring the most value and are most differentiated from competitors.
  • Participate in work sessions with clients and design partners. Validate the aforementioned elements with business and technical leaders.

Background and experience we look for

You’re the ideal candidate if you have:

  • Deep understanding of the technical processes and available platforms currently in use in the Disability or Workers Compensation Insurance space in either/both the US and Canada.
  • Previously worked for vendors in Disability or Workers Compensation Claims management (Fineos, Vitech, EvolutionIQ, GradientAI, etc.) with strong exposure to the product and/or sales process.
  • First-hand experience with vendor procurement and integration projects in the Disability or Workers Compensation Insurance space.

About Diagram Ventures

Diagram is a venture builder that conceives and launches technology companies in the financial, insurance, and climate industries. We've designed a unique platform for entrepreneurs who have a proven track record or domain expertise to start their next business by combining access to venture capital investment, hands-on support, and a vast network of partners and incumbents. Since 2016, Diagram has raised over $320M and launched 20+ new companies across North America. Our ecosystem is home to 200+ angel investors, including 60+ entrepreneurs with >$15B in exits and an extended global network of corporate partners, investors, and builders. Notable Diagram portfolio companies include Synctera (Series A), Nesto (Series C) and Dialogue (IPO).

Applying for this position

Diagram and its portfolio companies are equal opportunity employers. We appreciate your interest in working with us; however, only those applicants selected for interviews will be contacted. Diagram may contact you about other possible opportunities you may be a fit for. We launch five new ventures each year and are continually excited to talk to founders and top talent who want to join us.