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

Everest Group

JUNE 16, 2023

Read on to learn about six benefits of supplier diversity that sourcing and procurement professionals should take advantage of. For many sourcing organizations, Environmental, Social, and Governance (ESG) considerations have become more visible criteria in selecting strategic suppliers.

Outsourcing 130

Outsourcing Service Government Sourcing 130

Perficient Digital Transformation

OCTOBER 25, 2024

According to the report, “Cloud leaders and sourcing professionals implement application modernization and multicloud managed services to: Deliver superior customer experiences. Reduce costs associated with legacy technologies and systems.” Gain access to technical and transformational skills and capabilities.

Managed Services 64

Managed Services Management Service Reduced Costs 64

3Pillar Global

MAY 3, 2024

They collectively insure ~130 million Americans, including nearly half of the employer market. I’ve also conducted numerous interviews with self-insured employers and the brokers they partner with. New technology is often a primary driver of disruption in health insurance, accelerating both product and business model innovation.

Insurance 104

Insurance Healthcare Co-Sourcing Administrative 104

Premier BPO

OCTOBER 23, 2024

1 However, the growing complexity of data ecosystems, with multiple sources, formats, and technologies, presents significant challenges in aggregating and understanding this valuable asset. Extract : Pulls data from different sources, including databases, flat files, cloud services, etc. What is ETL?

Co-Sourcing 130

Co-Sourcing Streamline Operations Government Analytics 130

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

Everest Group

SEPTEMBER 9, 2024

Capital Markets IT Services PEAK Matrix® Assessment The capital markets industry is transforming to enhance operational efficiencies and reduce costs. Firms are streamlining operations by automating processes, integrating new technologies, and outsourcing non-core activities such as IT management and back-office functions.

Marketing 130

Marketing Service Cybersecurity Banking 130

Groove Technology

MAY 18, 2023

MuleSoft is an Anypoint Platform that offers a unified, hybrid integration platform for connecting any application, data source, or API, regardless of its location, format, or protocol. Increased productivity: MuleSoft automates and streamlines manual processes, reducing errors, and freeing up resources to focus on high-value tasks.

E-Commerce 130

E-Commerce Supply Chain Management Government Banking 130

Neo Group

APRIL 6, 2022

Neo Group is a leader in sourcing, with a two decade heritage in advisory services for the world’s largest corporations. For over 22 years, they have enabled incredible business outcomes through collaborative solutions that have secured our market-leading position in the sourcing advisory & governance services space.

Sourcing 52

Sourcing Co-Sourcing Global Sourcing Advisory Advisory 52

NoonDalton

DECEMBER 13, 2021

Outsourcing recruitment functions like CVvetting, candidate sourcing, market mapping, data transfers, lead list verifications, and appointment scheduling frees up valuable time, leaving more room to focus on the company’s main goals. . Bonus Perks: Maintaining Lower Costs & Improving the Hiring Process. Insurance Processing.

E-Commerce 97

E-Commerce Out-Tasking Outsourcing BPO 97

IBM Services

OCTOBER 30, 2023

The retailer uses these insights to optimize inventory levels, reduce costs and enhance efficiency. A leading insurance player in Japan leverages this technology to infuse AI into their operations. AWS’s scalable infrastructure allows for rapid, large-scale implementation, ensuring agility and data security.

Analytics 83

Analytics Insurance Retail Streamline Operations 83

IBM Services

APRIL 10, 2024

” Cost efficiency from the container-based approach, financial organization: “ The main advantage we found is greater infrastructure efficiency by moving the workloads to Liberty. It is a lightweight, fast Java runtime. My organization is able to develop solutions and capabilities faster.”

Software 94

Software Efficiency Flexibility Insurance 94

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. Inefficiency in valid claims is often a source of leakage.

Efficiency 52

Efficiency Insurance Analytics Sourcing 52

IBM Services

MAY 9, 2024

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. Inaccuracies might also lead to more delays or complications with insurance coverage.

Government 71

Government Healthcare Regulations Insurance 71

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

Hyland

NOVEMBER 21, 2022

While AP departments were a significant portion of automation priorities, insurance claims automation and HR were also called out. > Capturing cost savings. You might also like: Linux and Hyland: Partnering for open source success. > Read more | 5 benefits of automating your AP processes. CommunityLIVE 2022 in pictures.

Robotics Process Automation 95

Robotics Process Automation Cybersecurity Automation Accounting 95

Amzur

JANUARY 10, 2024

With the proliferation of data and technological maturity across industries, AI implementation has become a lynchpin in bringing new levels of automation, consistency, scalability, and reduced costs. Even the early adopters or tech giants report a mix of internal and external sourcing. It takes up a lot of your work day.

Data Entry 105

Data Entry Right-Sizing Robotics Process Automation Automation 105

Metasource

SEPTEMBER 15, 2022

Many organizations have quickly joined the automation revolution to boost productivity, enhance customer service, reduce costs, and enable remote work. Companies in numerous industries, such as government , healthcare , financial services , and insurance , implement BPA to create new efficiencies and streamline their repetitive tasks.

Automation 52

Automation Robotics Process Automation Reduced Costs Human Resources 52

Neo Group

JUNE 30, 2022

Neo Group, advising since 1999, counts several Fortune 1000 corporations among its clients, from industries such as Banking, Financial Services, Insurance, Retail, Healthcare, Media, Technology, and others. About GSA-UK: The Global Sourcing Association ( GSA ) is the industry association and professional body for the global sourcing industry.

Co-Sourcing 52

Co-Sourcing Global Sourcing Advisory Service Sourcing 52

Neo Group

JUNE 29, 2022

Neo Group, advising since 1999, counts several Fortune 1000 corporations among its clients, from industries such as Banking, Financial Services, Insurance, Retail, Healthcare, Media, Technology, and others. About GSA-UK: The Global Sourcing Association ( GSA ) is the industry association and professional body for the global sourcing industry.

Co-Sourcing 52

Co-Sourcing Global Sourcing Advisory Service Sourcing 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. Tax at source (TDS) must be withheld by employers from employee salaries and deposited with the government.

Payroll 52

Payroll Service Insurance Regulations 52

Perficient Digital Transformation

MARCH 12, 2024

These trends signify a broader shift towards data-driven approaches that not only enhance patient care but also optimize costs within the ever-evolving healthcare landscape. In my next blog, I outline ways payers and self-insured organizations can navigate this transition. Need help navigating your most complex digital challenges?

Management 52

Management Healthcare Analytics Reduced Costs 52

Perficient Digital Transformation

MARCH 21, 2023

You no longer need to spend valuable time, allocate resources, or spend money to source, interview, and hire resources. Strong Balance of Hard and Soft Skills It has become somewhat easier this year to source candidates who are fairly technically qualified on paper.

Project Outsourcing 64

Project Outsourcing Software Outsourcing Sourcing 64

Neo Group

SEPTEMBER 24, 2020

In this panel, leaders from the financial and insurance sectors discuss how regulations and compliance have to increasingly be included in ongoing governance. John Bree, Chief Evangelist & CRO, Supply Wisdom will be moderating a panel on Regulations & Compliance in the New Normal. . No industry is immune to it.

Government 52

Government Co-Sourcing Advisory Regulations 52

Mercans

OCTOBER 26, 2021

When a company joins a PEO, their employees will have access to some or all of the following: Medical, dental, life, disability, and accident insurance. Management of employee claims and Employee Practice Liability Insurance (EPLI). To help reduce risks for client companies, PEOs often provide: 2.1 Reduce costs.

Co-Sourcing 52

Co-Sourcing Payroll Insurance Administrative 52

NoonDalton

JULY 29, 2024

By integrating data from various sources such as Electronic Health Records (EHRs) and billing systems, RPA enables healthcare providers to improve decision-making and enhance patient care. Automating these processes helps manufacturers optimize their operations, reduce costs, and maintain high-quality standards.

Automation 52

Automation Robotics Process Automation Healthcare Data Entry 52

NoonDalton

DECEMBER 13, 2021

Outsourcing recruitment functions like CVvetting, candidate sourcing, market mapping, data transfers, lead list verifications, and appointment scheduling frees up valuable time, leaving more room to focus on the company’s main goals. . Bonus Perks: Maintaining Lower Costs & Improving the Hiring Process. Insurance Processing.

E-Commerce 52

E-Commerce Out-Tasking Outsourcing BPO 52

Metasource

JUNE 7, 2023

Data Verification: After the data has been extracted and validated, it is verified against existing databases or other sources of information to ensure accuracy and completeness. Here are some common applications for intelligent document processing: Invoices: Optimize invoice processing by reducing manual data entry and speeding up payments.

Data Entry 52

Data Entry Automation Right-Sizing Digital Intelligence 52

Velocity Global

AUGUST 21, 2020

The number of unemployment-insurance claims eclipsed the total number of claims submitted during the 18 months of the Great Recession. Strategy #2: Maintain Quality While Reducing Costs. Consider the following: While 8.6 International PEO helps you maximize ROI when expanding globally.

Reduced Costs 52

Reduced Costs Marketing Global Hiring Flexibility 52

Magellan Solutions

JULY 14, 2021

In fact, a whopping 80% of companies are open to outsourcing new services provided it helps them reduce costs. Insurance business outsourcing means hiring people to do data entry, bookkeeping, and accounting for a company. Insurance Agency Management. Liberate inner sources for new purposes. First Source.

Customer Service 52

Customer Service Outsourcing Call Center Service 52

Paysquare

SEPTEMBER 9, 2024

Direct Deposits and Payment Distribution Automating the distribution of employee payments through direct deposits can save time and reduce costs associated with printing and distributing paper checks. Administration Administering employee benefits such as retirement plans and health insurance can be complex and time-consuming.

Payroll 52

Payroll Automation Data Entry Administrative 52

Capgemini

NOVEMBER 30, 2022

The banks and insurers don’t have a choice but to start to collaborate,” Parmar says. “So, By procuring data from a variety of sources, they can enrich their own data and improve in areas like risk management. “It So, the desire is there to grow and reach new prospects and clients and to service them better.

Service 52

Service Finance Risk Management Risk Management 52

Obobo

DECEMBER 17, 2021

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Perficient Digital Transformation

JUNE 21, 2024

Integration of Data Sources Harmonize data from disparate sources, such as electronic health records (EHRs), claims data, surveys, and social determinants of health (SDOH) to create a unified view of the patient population for segmentation purposes can be a struggle in creating a unified view of the consumer.

Healthcare 52

Healthcare Analytics Resource Optimizing Efficiency 52

Planergy Software

MARCH 24, 2022

-based vendors you do business with have to have to prove that they have a minimum of two types of insurance coverage. They must show proof of worker’s compensation insurance, which provides wages and medical benefits to any employees injured while on the job.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Infosys Consulting

MARCH 14, 2023

This enables more flexibility and reduced costs for installation and retrofitting. These benefits are likely to contribute to increased elderly satisfaction and improved productivity and efficiencies across asset, people, processes, and systems, leading to reduced costs.

Healthcare 52

Healthcare Analytics Reduced Costs Manufacturing 52

Paysquare

AUGUST 7, 2023

Overall, outsourcing accounts is significant as it enables businesses to streamline operations, reduce costs, access specialized skills and maintain compliance with accounting standards and regulations. Implement risk management strategies like contingency plans, disaster recovery protocols, and insurance coverage.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52