Sparity

Key Challenges

  • Client software faced data interoperability challenges when integrating data from sources like EHRs and claims due to non-standardized formats and coding systems.
  • Data security and regulatory compliance, such as HIPAA, while enabling data access and sharing, particularly for Protected Health Information (PHI).
  • Complex adjudication processes and a high claim volume can lead to workflow delays.
  • Payer faced revenue loss from fraud detection challenges.

Technologies

Solution

  • Data Integration Platforms with ETL capabilities ensure data consistency and accessibility by harmonizing diverse data sources.
  • Encryption and strict access controls safeguard PHI, enabling secure data access and sharing for authorized users.
  • Claims Automation, powered by RPA and intelligent algorithms, expedites claims processing and reduces errors.
  • AI-Driven Fraud Detection continuously learns from historical data to enhance the detection and prevention of fraudulent claims.
  • Azure Machine Learning enhanced decision-making with advanced analytics and maintained HIPAA compliance with robust data security measures.

Benefits

  • Improved data interoperability in healthcare promotes collaboration, reducing redundant efforts.
  • Efficiency is boosted with AI and claims automation, cutting costs.
  • Advanced analytics prevent fraud, leading to substantial savings.
  • Power BI aids in data visualization, aiding decision-making and transparency.
  • Blockchain enhances data security and patient trust and regulatory requirements like HIPAA compliance .

 

FAQs

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