Compliance costs have skyrocketed both for the finance industry and for insurance. Automation offers new possibilities in efficiency and savings.
Insurers dramatically improve time-to-payment for claims by a Straight Through Processing system powered by IDP software. Find out how here.
Using yesterday’s technology to fight coronavirus, the biggest public health emergency in our lifetime, exposes astonishing gaps in digital transformation.
Due to uncertainty and accelerated claims, the insurance industry needs to create new operational efficiencies to improve wafer-thin margins. Find out how.
Intelligent Document Processing powered by artificial intelligence also holds great promise for true automation and data accessibility in insurance.
A joint investigation by Fortune Magazine and Kaiser Health News offers a very useful case study of sorts for the negative ramifications of digital transformation projects that are not well-defined or coordinated. The results of this investigation were published in a recent long-form article by Fortune called, “Death by a Thousand Clicks.” You’ll want to […]
Why expand the scope of your current automation and what to look for when you decide to further automate? Find out here when the aim is to eliminate manual intervention where possible, reduce errors and cut operating expenses.
Overcoming medical billing challenges when between 10 percent to 25 percent of paper-initiated claims are black-and-white images translates to around 150 million annually with high costs to process; this article focuses on how full automation and high quality data extraction results can be achieved.
Advanced image processing for scanned documents is now more important than ever—find out why and how it makes your life easier in this article.
How to address the hidden challenges of faxed and black/white printed structured claims forms with excessive “noise” and scaling problems.
Manually processing medical claim forms is time consuming and prone to errors. Most claims are originated and transmitted electronically, but there is still a significant amount that are sent using paper. Automating this paper process is not easy as medical claims are complex and hard-to-read forms. Parascript’s advanced document capture and recognition software, FormXtra, makes […]
A new HIMSS healthcare security just came out that identifies the very real risk of HIPAA non-compliance by healthcare staff (you can find a nice article summarizing the report here). The penalty in terms of fines for health-related security breaches is quite severe at around $810,000. In another report, 61% of healthcare organizations reported a security […]