Introducing the automated claims processing use case

In the healthcare industry, there were approximately 6.1 billion medical claims submitted in 2018 according to the 2018 CAHQ index report (https://www.caqh.org/sites/default/files/explorations/index/report/2018-index-report.pdf), and this number is expected to continue rising in the upcoming years.

Healthcare payer companies are constantly looking for efficient and cost-effective ways to process such volumes of claims in a scalable manner. With the current manual process of claim processing, it takes too much time to process these claims. So, healthcare companies are looking at AI and ML approaches to automating and digitizing these claims. Once they can digitize these, it becomes really easy to drive insights such as improving the population's overall health. Moreover, analyzing these claim documents might help you identify behaviors that can help prevent a medical condition from being developed. Also, healthcare...