Insurance claims processing
Efficiently unlock more accurate insurance claims
Automate claims processing for faster decisions and improved user experience
Advanced automation for swift and accurate claims processing
Processing insurance claims can be a complex and time-consuming task for insurers. The challenges include
Large volume of claim forms and invoices
Extracting relevant data accurately
Ensuring the validity of the information provided
Manual processing can lead to errors, delays, and increased costs
Possibility of fraud, and associated revenue leakage
Hampering efficiency of claims settlement
Our applications revolutionize the insurance claims processing landscape by leveraging cutting-edge technology to automate and streamline the workflow.
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X
faster claim
processing
processing
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%
touchless claims
validation
validation
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%
savings in manual processing costs
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%
accuracy in data extraction from medical claim forms, invoices, receipts
Prohibitive costs of manual invoice processing
Highly variable invoice data and consequent data extraction errors
Complex and inefficient workflows that are constrained by repeated human intervention
Payment processing delays and strained vendor relationships
Sophisticated pretrained extraction models intuitively manage invoice data variations
Advanced data normalization, matching, and reconciliation capabilities
Auto-generate business rules using deep learning for faster value realization
High end-to-end process accuracy and straight-through processing
*for EDI invoices
Heuristic business rules applied over 2+ years to improve matching and create a slow and long arc of value realization
Heuristic
AI
How we help simplify claims processing
- Pretrained deep learning models extract (up to 30 fields) and validate claims data from ACORD forms, medical invoices, and receipts. Customizable models can also be trained on your data sets
- Inbuilt exception management system for human-in-the-loop support for data correction and validation. Making sure you can access highly accurate data with confidence
- Advanced deep learning models to prevent fraud through invoice validations, duplicate checks, and policy validations
- Large language models to understand complex and verbose insurance contracts and validate claims against contract terms
- End-to-end claims automation with uncompromised data quality, data availability, and data-driven decisions
- Define field-level confidence scores for automated decision-making or involve human input when necessary
- Utilize exception management or integrated orchestration platform for business-specific routing rules, driving touchless processing and reserving team capacity for complex cases
- Make claim settlement decisions with the confidence of quality data, reduce cycle times, and dramatically improve customer experience
Helping customers with faster, risk-free processing
As a team that understands the challenges faced by organizations in their accounts payable operations, we offer advanced automation solutions to overcome these hurdles. Our AI-intuitive solutions provide a comprehensive answer to automating accounts payable processes.
As a team that understands the challenges faced by organizations in their accounts payable operations, we offer advanced automation solutions to overcome these hurdles. Our AI-intuitive solutions provide a comprehensive answer to automating accounts payable processes.
As a team that understands the challenges faced by organizations in their accounts payable operations, we offer advanced automation solutions to overcome these hurdles. Our AI-intuitive solutions provide a comprehensive answer to automating accounts payable processes.
As a team that understands the challenges faced by organizations in their accounts payable operations, we offer advanced automation solutions to overcome these hurdles. Our AI-intuitive solutions provide a comprehensive answer to automating accounts payable processes.
Explore industry trends with our curated resources
Discover how our automation can transform your claims-processing workflow
Our team of experts will guide you through our solutions’ features and benefits, showcasing remarkable efficiency, accuracy, and turnaround time improvements. Contact us now to schedule a demo and embark on the path to streamlined claims processing.