Tag: automation

The Future of Insurance – Personalized Policies and Instant Claim Approvals

Nordstrom
future of insurance - Personalized Policies and Instant Claim Approvals

Is There Such a Thing as Instant Claim Approvals? Could This Ever Happen? The concept of instant claim approvals might sound like a dream to anyone who’s had to wait weeks—or even months—for their insurance claim to be processed. But as technology continues to progress, the idea of instant claims is no longer pure fiction. Thanks to advancements in artificial intelligence (AI), machine learning (ML), and data analytics, the insurance industry is inching closer to making this a reality. Could we reach a point where claims are approved in seconds?…

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The Impact of AI on Medicare Advantage Claims Denials

Angela Linders
Medicare Advantage Claims Denials

A Growing Concern for Healthcare Providers In recent years, the integration of artificial intelligence (AI) in the healthcare sector has sparked significant debate, especially concerning its role in Medicare Advantage claims denials. As hospitals face mounting administrative burdens, the use of AI by insurance companies has been scrutinized for potentially prioritizing cost-saving measures over patient care. The Rise of AI in Insurance Between 2019 and 2022, insurance companies like UnitedHealthcare, Humana, and CVS began increasingly employing AI tools to automate the prior authorization process. These technologies, while designed to streamline…

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5 Reasons Small Businesses Should Migrate to the Cloud

Guest Author
small businesses how to

We are living in a world of ones and zeros and as we move into a new dimension of digital connectivity, every business should be connected to the cloud. Storing your data on a secure remote server makes total sense, a lot safer than storing it on your office hard drives and with that in mind, here are a few compelling reasons to migrate your business data to the cloud. Bookkeeping & accounting – Once you have a secure cloud network, create a username and password for your accountant for…

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