CogniSure AI will transform claims handling with new benefits…
CogniSure AI technology will automate reporting and data collection for the benefit of customers.
FREMONT, Calif.: AI is improving the ability of healthcare professionals to better understand the daily habits and needs of the people they care for, and with this understanding, they can provide better feedback, advice and support to maintain a healthy lifestyle. . “For self-funded employers, reporting claims under benefit plans remains a major issue. Representing our clients, we obtain a myriad of unstructured data from health plans and insurers, which makes valuation long and complex data. It pays for itself hundreds of hours of manual manipulation to harmonize tons of disparate reports and turn them into actionable data points to help clients better manage the years,” says Joe DiBella , National Benefits Practice Leader at Conner Strong & Buckelew.” Fortunately, CogniSure AI has revolutionized this archaic process with its new Benefit Insights solution. Their platform consistently merges data from multiple vendors across multiple rows. It creates a powerful web data set that we can use to help clients implement strategies to reduce costs. curve.” CogniSure AI, a Delaware-based company, has developed its “Benefit Insights” solution. This artificial intelligence platform automates the extraction of data from unstructured benefit documents received from service providers. health insurance and provides deep data insights Brokers can anticipate a significant reduction in manual effort and access real-time, actionable insights they can share with their self-funded benefits clients, deepening relationships with customers and expanding customer offerings.
Conner Strong & Buckelew will use the Benefit Insights platform to provide monthly claims and performance statistics for its self-funded clients. Benefit Insights securely imports unstructured claims and eligibility data from health plans, PBMs and other providers and generates standardized data results online for employers and plan sponsors to focus on plan management trends, cost drivers and other possibilities. Employers and plan sponsors will regularly have access to a consolidated view of all self-funded claims data through the system.
“Unstructured data is a major problem in the insurance industry. Building on the resounding success of our loss series and quote receiving solution for the P&C insurance industry, we are excited to launch our ‘ Benefit Insights’ for the benefits and health insurance industry. We are grateful to Conner Strong & Buckelew for their support and strategic partnership in bringing this solution to the benefits market,” comments Sai Raman, founder and CEO of CogniSure
“Data is critical to effective benefit plan management and having access to data in a more centralized format will help us deliver better results to our clients,” said Tammy Brown, Practice Leader of Benefits Analytics. data and actuarial services at Conner Strong & Buckelew. “Our adoption of the Benefit Insights solution will help us take data management to the next level.”