Insurers in P&C and health tend to receive thousands of claims documents per month as images. These documents are mostly (~70-80% of the time) processed manually. We achieve 85+% Straight Through Processing (i.e. end-to-end automation without human involvement)
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Our claims hyperautomation technology classifies documents, extracts individual spending items, matches them to the categories in your policies and identifies fraudulent claims. Finally, data is pushed to the next system of record so payments can be processed and explanations or additional documents can be requested without human involvement in most cases.
Audits identified 90% error rate in doctor office visit billing. Avoid excessive payments by ensuring detailed review of all claims.
Most insurers are manually processing claims documents. Hypatos technology automatically processes most claims.
Via well documented REST APIs. No need to make any changes to your core systems.
Models improve as users process documents and correct mistakes
If most of the claims that you receive are not being processed end-to-end by machines, then it is time to free humans from machine work. Let’s talk
Document processing with deep learning.
