Delayed medical claims settlement process due to the following challenges:
Automated data extraction of diverse insurance data from varied sources for a faster settlement process.
Introduced Marvel.ai – An AI-based intelligent document processor into the system to automatically extract, validate, and categorize the submitted document data from discharge summaries and medical bills in just seconds.
Marvel.ai facilitated faster & automated claims processing, while providing data-driven insights that helped in fraud detection, process optimization, forecasting, and decision-making.
Enabled easy data extraction from medical bills and discharge summaries
High-quality structured data from historical documents
Template less processing for faster data processing
Human-in-the-loop for manual intervention, when necessary
End-to-End automation coupled with data-driven insights
Error-free and faster claims processing and settlement
95% accurate high-quality structured data
80% elimination of manual efforts
90% reduction in data processing time
Fast track claims settlement resulting in customer satisfaction
Return on investment within months
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