A Better Way to Handle Worker Compensation Claims
Ambit, our light-touch workers' compensation system for insurance carriers, self-insured companies, lawyers, and claims adjusters uses artificial intelligence to improve how worker compensation claims are organized and processed.
AI for Claims processing
Claims processing is complicated. At any point in the process - review, investigation, adjustment, remittance, or denial - numerous issues might cause error or confusion:
Quality Control Problems
Claims processing tasks are prone to human error.
Claims come in different formats - which complicates automation efforts.
Redundant efforts by those working on a claim are common, and disagreements on the case's facts sometimes arise.
Smart Data Extraction
The documents that make up a Worker Compensation claim typically contain hundreds of pages of unstructured content in a wide variety of formats. Efficiently finding and evaluating information provided within a claim has been a task that has challenged insurance companies and legal firms for years. But not anymore! More than Optical Character Recognition (OCR), Ambit employs sophisticated artificial intelligence technologies to bubble up the data needed to advance the claims process, and to organize the data to make decision-making easier.
Ambit transforms the claims handling process to eliminate rote tasks like filing and frees claims analysts to focus on and assists them with, more value-add activities. This augmented intelligence extends beyond the claims administration process into the legal arena as well. By incorporating the Award-Winning strategy “Breaking The Habit”, Ambit facilitates a claim’s legal evaluation by automatically flagging possible areas of concern, placing claim artifacts in a timeframe-context, and prompting suggested tasks and legal actions to consider.
A centralized repository that eliminates emailing. With Ambit in place to administer and defend litigated and non-litigated workers’ compensation claims, clients can expect increased efficiency and consistency, and an approximate 50% reduction in average total claim costs (medical, indemnity, and allocated loss expenses), claim cycle-time, and associated personnel costs.
Join Us at the ITC Global 2020
Discover an unprecedented world of learning and connecting, at the all-digital “September to Remember” global celebration of insurance innovation. ITC Global, along with InsureTech Connect Digital is bringing you a never seen before global insurance community with 200+ speakers. Regardless of your location, you can explore 35 Stops, 100 Hours of Content, and 1:1 Networking opportunities at your fingertips.
Join Ambit at the ITC Global 2020 from the October 19 to 21, and elevate your claims management to a new level. Discover revolutionary ways to accomplish your goals with Ambit!
Settle Cases in Less Time & Amount
Now segregate documents, extract relevant data, and generate reports without long hours of reading! Ambit, with intelligent technologies and the “Breaking The Habit” strategy enables law and insurance firms to settle cases faster and save money. Every single document and piece of new mail related to the claim is reviewed instantly without delay. Keep track of important documentary evidence for trial and witnesses.
Easy Document Segregation
Segregate documents effortlessly! Ambit helps you identify the latest, processed, and corrupted files. Classify policy documents, client documents, payroll, and other documents, seamlessly within minutes - including the identification of important and necessary documents that are missing from the claim, or the relevant documents to support any workflow.
Easier & Faster Analysis
Automate analyzing complex data and contexts with Ambit. Generate a full-fledged report detailing case summary, action plan, list of missing documents, and defense suggestions, rapidly, and with minimal effort - with machine-like consistency in legal knowledge, skill, and thorough analysis. Organize documentary evidence of fraud to assist SIU investigators.
Reduce Human Errors
Lengthy manual processes are often the root cause of increased human errors. Replacing tedious human efforts, Ambit enables litigation firms to enhance efficiency and improve services with automated calculation and reminders for important legal deadlines. Identify contradictory claim information.
Ease Personnel Issues
Training personnel is easier because Ambit handles many tasks so new personnel onboard quickly. Makes work of claims adjusters more interesting. Elevates claims and legal staff to perform higher-level tasks such as claim settlement or trial practice. Reduces human hours spent on claims.
Sapra & Navarra
Established in 2006, Sapra & Navarra is dedicated to providing workers’ compensation defense for insurance companies and self-insured employers in California. To help their clients save maximum time and money they follow a unique strategy they call “Breaking The Habit” that triages the complex, expensive, and time-consuming Workers Compensation process. Sapra & Navarra conceptualized the vision of Ambit as an extension of this unique strategy embodied with artificial intelligence technologies to optimize results for their clients.
Fingent is a global IT company that develops strategic software solutions. Their well-honed project management approach and deep bench of professionals equip them to rapidly address their clients' important and complex business challenges with high quality, cutting-edge, and secure software. Working closely with Sapra & Navarra, Fingent researched and deployed the AI technologies while simultaneously creating the workflow and user interfaces needed to bring the Ambit vision to life.