Choosing an Effective Third Party Administrator to Handle Claims

In the current state of aggressive and petulant claims management atmosphere, powerful claims processing is basic to the success of any insurance organization. Controlling expenses and conforming regulatory compliance continues to be a major challenge for all small and big insurance companies. The key component of successful claim management is a responsive third party administrator […]

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Insurers To Greatly Benefit From Partnering Insurance Firms in Managing & Processing Claims

At the point when claims are documented, insurance agencies should deftly oversee data rolling in from different sources in numerous configurations. If the information is not broken down at the time of claims processing then incorrect payouts, fraudulent claims, and loss of revenue will be the factors that will hamper your company’s progress. Insurance agencies regularly need to approve data […]

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Digital Transformation of the Insurance Industry : A Unique Trend To Watch Out For

It was evident from the onset of 2016 that the insurance industry is all set to undergo a drastic change in the coming years. The digital transformation of the insurance industry has been a laid back one, unlike other commercial ventures who have successfully scaled into digitization, providing seamless products or service requirements. Digital change of marketing […]

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Insurance Analytics: Your Whistleblower for Insurance Fraud

As fraudsters get shrewder and exploit technology to their advantage, insurance agencies confront noteworthy challenges in anticipating and identifying fraudulence. Routine strategies for fraud detection regularly neglect to recognize these complex happenings that can cost insurance providers thousands and millions of dollars. To remain ahead of these problematic constituents and avoid insurance crimes, underwriters must […]

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Drive Operational Excellence in Managing Claims via Analytics

As an Insurance Organization dealing in resolving various claims related queries, providers keep on confronting a soft market and an uncertain monetary outlook. The cost of claims payouts is the biggest spending category for an insurer, representing up to 80 percent of premium incomes, and it here that revenue leakages start cropping up. Organizations that can carry out perfection […]

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Business Analytics: Helping Insurance Businesses To Grow

Analytics today is a game changer for most businesses dealing with large volumes of structured or unstructured data, if they deal with it the right way. This is most visible in the Insurance sector that handles large volumes of structured and unstructured information pertaining to client history. Predictive and Prescriptive Analysis However so far, descriptive analytics has been […]

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Adapting Risk Management For Small And Midsize Businesses

Rapid changes in the healthcare industry have affected providers and payers alike. These complexities like increasing regulatory changes affect strategic decision making. Healthcare providers need to take into account risk and compliance in order to maintain that market advantage. Two main Risks that healthcare Providers face: Fraudulent Claims Risks The US loses between $70 billion […]

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Integrating Business Intelligence with Claims Management to Transform Insurance Business

The Insurance industry is highly competitive. Better insights for a holistic view of enterprise performance to increase Claims Management efficiency and boost profitability is critical. Data is plenty in insurance industry but the problem lies in where and how it is stored and utilized to derive insights to grow the market growth. Challenge in extracting […]

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Is Claims Analytics Services Affordable for Small to Medium Healthcare Payer Companies?

Altering healthcare costs, changes in the Medicaid and Medicare procedures, stringent rules and regulations have certainly put Healthcare and Insurance companies in need for Analytics services. These Analytics services are specially needed by small to Medium sized companies who don’t have a department dedicated to Analytics but definitely need the benefits of such services. Inniti […]

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