Understanding insurance claims processing extraction with IDP
Claims processing is the process to check for the validity and authenticity of a claim to verify the right financial responsibility. Most often, this process is manual, which is time consuming, error prone, and expensive. Also, you’ll need skilled professionals for the verification of data. We will show you how IDP AI services can help in automating a claims processing use case. Let’s now dive into the technical details:
Figure 9.6 – IDP flow for insurance claims processing
The data capture and document classification stages of the IDP pipeline
We are using Amazon S3 to store our claims along with supporting documents, such as a claims document (CMS-1500 or UB04), ID document, invoice, or providers note. After these documents are stored, we need to accurately classify them before we apply extraction logic and further processing on these documents. For example, we want to extract...
