In a rapidly evolving healthcare landscape, the need for more efficient and accurate claims processing has never been more critical. Rising operational costs, coupled with increasing expectations from both members and providers, have posed significant challenges for insurance companies striving to
The cost of claims adjudication for healthcare providers has surged, creating significant financial and operational challenges. In 2023, healthcare providers spent over $25.7 billion on claims adjudication, a steep increase from 2022's $19.7 billion, according to a national survey of 280 hospitals.
LexisNexis Risk Solutions has introduced LexisNexis Flyreel for Claims, an innovative AI-driven property claims inspection tool aimed at transforming the claims process for U.S. home insurance carriers. This new solution is designed to enhance the efficiency and accuracy of claims management,
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Can you briefly introduce yourselves and give us a background on your roles at Snapsheet and CrashBay? Could you provide a quick overview of what
Sprout.ai, an innovative artificial intelligence company based in London, is transforming the insurance industry by automating the claims processing workflow. Founded in 2018, the company leverages cutting-edge AI technologies to deliver faster and more accurate claims decisions, significantly
In February 2025, UnitedHealthcare, one of the nation's leading health insurance providers, faced a substantial penalty from the North Carolina Department of Insurance following a meticulous four-year investigation. The insurer was fined $3.4 million due to alleged failures to prevent excessive
