Perficient Digital Transformation

JULY 6, 2023

A blockchain-based data model for health insurance could potentially help to improve the efficiency and security of the health insurance industry. In such a model, each participant in the network, such as a patient, healthcare provider, or insurance company, would have their own unique identity on the blockchain.

Insurance 52

Insurance Healthcare Reduced Costs Regulations 52

Perficient Digital Transformation

NOVEMBER 1, 2023

Intelligent automation and generative AI can unlock tremendous value for financial services leaders who want to optimize experiences and reduce costs. Perficient was honored to participate in the inaugural Banking, Financial Services, and Insurance (BFSI) event hosted by Kofax.

Insurance 59

Insurance Banking Robotics Process Automation Service 59

IBM Services

JANUARY 15, 2024

Enterprises now recognize the importance of leveraging innovative technologies to drive digital transformation and achieve cost efficiency. How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’?

Efficiency 72

Efficiency Insurance Robotics Process Automation Automation 72

Perficient Digital Transformation

JULY 19, 2023

One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry. By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions.

Insurance 52

Insurance Automation Streamline Operations Reduced Costs 52

Magellan Solutions

NOVEMBER 7, 2022

Insurance Back Office Support Tasks for 2023. Why do people get insurance back office support? Staff and insurance firms can find it hard to keep clients happy. Insurance companies use various ways to improve their business processes. Insurance companies need back office support for a lot of reasons. IT SUPPORT.

Insurance 75

Insurance Outsourcing Out-Tasking Offshoring 75

Hyland

OCTOBER 31, 2022

Claims has been a top concern for property and casualty insurers , especially with recent events such as the COVID-19 pandemic and the ongoing threat of natural disasters. Claims in sectors like auto insurance increased in severity in recent years. The adage “time is money” is the core of efficient claims handling.

Efficiency 52

Efficiency Insurance Analytics Sourcing 52

Everest Group

JULY 28, 2024

In this report, we demonstrate how innovation will support insurers dual agenda of in achieving reduced costs, improved efficiency, and maximum growth.

Insurance 59

Insurance Marketing Reduced Costs Efficiency 59

IBM Business Partners

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 56

Insurance Administrative Right-Sizing Automation 56

Magellan Solutions

FEBRUARY 20, 2021

Who Needs Insurance Outsourcing? Especially those that want to reduce costs and remove tedious repetitive tasks. As a matter of fact, insurance BPO projection within the period of 2020-2027 is at $8.3 As a matter of fact, insurance BPO projection within the period of 2020-2027 is at $8.3 Insurance Specialists.

Insurance 52

Insurance Outsourcing BPO Data Entry 52

Everest Group

MARCH 17, 2023

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

Metasource

NOVEMBER 30, 2021

Insurance companies manage daunting amounts of paper mail daily, such as claims, checks, grievances and appeals (G&A) , and enrollment forms. With an outsourced digital mailroom, your employees will gain the following benefits: Reduce costs on filing and storage. Experience You Can Trust for Insurance Digital Mailrooms.

Insurance 52

Insurance Outsourcing Reduced Costs Customer Service 52

Magellan Solutions

FEBRUARY 14, 2024

In recent years, the US healthcare industry has significantly increased its reliance on healthcare call center outsourcing companies to enhance patient care and operational efficiency. Improved customer service – Outsourced centers handle high call volumes extremely efficiently, reducing hold times.

Call Center 98

Call Center Healthcare Outsourcing Insurance 98

Perficient Digital Transformation

JULY 3, 2024

Increased Efficiency : Streamline workflows and automate repetitive tasks, freeing up resources for more strategic activities. Reduced Development Time : Build UIs and workflows with minimal coding, enabling faster time to market. Reduced Costs: Minimize development costs compared to traditional coding approaches.

Insurance 111

Insurance Sourcing Automation Reduced Costs 111

3Pillar Global

MARCH 14, 2024

When patients or members interact with your digital platforms, they’re engaging in transactional experiences—scheduling appointments, checking results, verifying insurance coverage, etc. This approach avoids fragmentation and creates more efficient digital journeys. Financial benefits. Staff satisfaction and retention.

Healthcare 98

Healthcare Reduced Overhead Insurance Right-Sizing 98

Metasource

JUNE 22, 2021

Your current mail process may go like this: Employees receive all sorts of mail and email—invoices, purchase orders, membership applications, employment applications, insurance appeals, legal documents, etc.—that The post 4 Ways to Lower Operational Costs and Increase Efficiency appeared first on MetaSource.

Operational Costs 52

Operational Costs Efficiency Software Automation 52

Premier BPO

OCTOBER 23, 2024

ETL also enhances operational efficiency by making data readily available for analysis, reporting, and process optimization. By implementing these strategies, organizations can build reliable ETL processes that enhance data quality, enable timely decision-making, and improve operational efficiency.

BPO 75

BPO Co-Sourcing Streamline Operations Government 75

Accenture Insurance

NOVEMBER 20, 2014

Low interest rates, increased competition, sales channel pressures, legacy technology and proliferating regulations are all putting insurers under pressure to reduce costs and increase operating efficiencies. Enabling Agile Insurance Finance and Risk through Shared Services Part 1: The Pressure is on for Insurance CFOs.

Insurance 40

Insurance Shared Services Finance Reduced Costs 40

Metasource

NOVEMBER 4, 2024

The goal of IDP is to take data that lacks a defined format, such as information in emails, invoices, and contracts, and efficiently transform it into data that is organized in an easily searchable format, such as transaction records and customer information, so it’s easier to leverage and analyze. AI-powered IDP solves all of that.

Robotics Process Automation 52

Robotics Process Automation Reduced Costs Data Entry Risk Management 52

3Pillar Global

JULY 15, 2024

Here’s where health insurance companies are poised to step up and truly become consumer-centric. By empowering patients with clear and accessible information, they can help them: Make sense of health insurance: Many patients struggle to understand the nuances of their plans, from coverage details to out-of-pocket costs.

Healthcare 52

Healthcare Insurance Call Center Reduced Costs 52

IBM Services

OCTOBER 30, 2023

The retailer uses these insights to optimize inventory levels, reduce costs and enhance efficiency. Overall, this partnership enables the retailer to make data-driven decisions, improve supply chain efficiency and ultimately boost customer satisfaction, all in a secure and scalable cloud environment.

Analytics 83

Analytics Retail Insurance Streamline Operations 83

Groove Technology

MAY 18, 2023

MuleSoft’s real-time integration capabilities enable businesses to achieve faster time-to-market, better customer experiences, and improved operational efficiency by providing a unified, scalable, and secure platform for orchestrating data flows across hybrid environments. What are the benefits of MuleSoft real-time integration?

E-Commerce 130

E-Commerce Supply Chain Management Government Banking 130

Magellan Solutions

FEBRUARY 15, 2024

In recent years, the US healthcare industry has significantly increased its reliance on healthcare call center outsourcing companies to enhance patient care and operational efficiency. These countries’ lower wages and benefits make outsourcing attractive, translating to significant savings for healthcare providers and insurers.

Call Center 52

Call Center Healthcare Outsourcing Insurance 52

Perficient Digital Transformation

OCTOBER 25, 2024

Reduce costs associated with legacy technologies and systems.” Our solutions are uniquely tailored to reduce costs associated with maintaining legacy systems, helping businesses optimize their IT budgets while focusing on growth. Gain access to technical and transformational skills and capabilities.

Managed Services 64

Managed Services Management Service Reduced Costs 64

Metasource

JULY 22, 2024

The Purpose of Business Process Management The main goal of BPM is to make operational processes smoother and more efficient across organizations. The outcome is much more efficient processes. This reduces dependence on human labor for routine tasks and cuts overhead costs.

Management 52

Management Healthcare Out-Tasking Government 52

Perficient Digital Transformation

MARCH 12, 2024

This emphasis on convenience not only improves patient outcomes but also has the potential to translate into cost savings for payers. Technology Integration Tech-driven platforms offered by new entrants provide data insights and automation, potentially streamlining processes and improving efficiency within the PBM industry.

Management 52

Management Healthcare Analytics Insurance 52

SourceFit

APRIL 28, 2016

The global banking, financial services and insurance (BFSI) outsourcing market is expected to be worth more than $277 billion by 2020, according to a recent report released by Technavio. EMEA is also an important capital market and insurance business process outsourcing (BPO) location. Staff Leasing Philippines.

Insurance 40

Insurance Banking Outsourcing Service 40

Hyland

FEBRUARY 2, 2023

Today’s consumers demand fast and efficient digital channels to conduct financial transactions. Steve, Hyland’s assistant vice president of financial services and insurance sales, has more than two decades of experience in financial services. How can intelligent automation bring efficiency to the mortgage lending process?

Banking 91

Banking Automation Robotics Process Automation Retail 91

Magellan Solutions

MARCH 5, 2023

However, keeping up with the demands of digitization can sometimes lead to a sacrifice in productivity and efficiency, particularly when employees are reliant on traditional methods. Healthcare The healthcare industry is constantly evolving to meet the increasing demand for better and more efficient healthcare services.

E-Commerce 98

E-Commerce Healthcare Out-Tasking Administrative 98

Perficient Digital Transformation

NOVEMBER 15, 2024

Burnout can lead to increased medical errors, compromised decision-making, and diminished patient-provider relationships, directly impacting the experience and outcomes for patients and potentially increasing insurance premiums and out-of-pocket expenses for members. Read More: Is Your Healthcare Organization Really Product-Driven?

Healthcare 52

Healthcare Insurance Regulations Analytics 52

Perficient Digital Transformation

NOVEMBER 15, 2024

Burnout can lead to increased medical errors, compromised decision-making, and diminished patient-provider relationships, directly impacting the experience and outcomes for patients and potentially increasing insurance premiums and out-of-pocket expenses for members. Read More: Is Your Healthcare Organization Really Product-Driven?

Healthcare 52

Healthcare Insurance Regulations Automation 52

Perficient Digital Transformation

OCTOBER 24, 2024

This mitigates the risk of customer service representatives providing incorrect information and ensures compliance with regulatory disclosures, ultimately enhancing the overall customer experience while reducing costs. Co-pilots: Software supported and enabled traders to operate more efficiently and swiftly.

Regulations 52

Regulations Service Banking Cybersecurity 52

NoonDalton

JULY 29, 2024

Leveraging advanced technologies like Robotic Process Automation (RPA) and Intelligent Document Processing (IDP) can significantly streamline operations and enhance efficiency. The increased efficiency can lead to improved employee satisfaction and morale as they are able to focus on tasks that are more fulfilling and impactful.

Automation 52

Automation Robotics Process Automation Healthcare Data Entry 52

Perficient Digital Transformation

NOVEMBER 1, 2024

The Treasury Department noted that AI provides opportunities for financial institutions to improve efficiency, reduce costs, strengthen risk controls, and expand impacted entities’ access to financial products and services.

Regulations 52

Regulations Service Cybersecurity Banking 52

Paysquare

AUGUST 5, 2024

The payroll industry in India is regulated by a complex network of national and state laws & regulations which includes labour laws, income tax, provident funds, and employee state insurance. In other words, they make the company employees efficient enough that they can solve any compliance-related problem.

Payroll 52

Payroll Service Insurance Regulations 52

3Pillar Global

JULY 29, 2024

Older versions of this technology often fail to deliver the productivity and efficiency gains providers expect. However, modern EHRs leverage AI to drastically reduce time spent on repetitive manual tasks like data entry, scheduling, and billing. In short, it’s a win for providers, patients, and healthcare systems at large.

Healthcare 52

Healthcare Automation Administrative Insurance 52

Groove Technology

SEPTEMBER 26, 2024

From recruitment and training to infrastructure costs, businesses often need help keeping up with rising expenses. This is especially true for companies balancing operational efficiency with digital transformation. This can result in cost savings through improved productivity.

Software 130

Software Outsourcing E-Commerce Reduced Overhead 130

Metasource

JULY 12, 2023

At its core, business process management is a systematic approach to improving an organization’s workflow and operational efficiency. Increased Efficiency : Business process management services help identify and eliminate inefficiencies within workflows by reducing manual, time-consuming tasks.

Management 52

Management Business Process Outsourcing Robotics Process Automation Reduced Costs 52