The Artificial Intelligence Revolution
In the insurance industry, innovation isn't just a buzzword; it's a lifeline to the future. This is why AI is not just important – it's essential.
Enlyte Quarterly Medical Price Index
As reported by the Bureau of Labor and Statistics (BLS) in February 2024, the consumer price index in the United States increased 3.1% over the preceding 12 months. The medical care index rose 0.5% in January 2024. The index for hospital services increased 1.6% over the month and the index for physician’s services increased 0.6% which would be compared to Enlyte’s data in this report.
Combatting New Jersey Auto Casualty Challenges
When an auto injury occurs, insurers often face challenges in coordinating with multiple vendors to address the claim. This is especially true in New Jersey, which has strict requirements that every insurer needs to meet. To discuss this issue, and offer solutions for handling it, is Ben Roberts, vice president, utilization review of Genex.
Not All Electronic Provider Payment Solutions Are the Same
A large national workers' comp carrier with provider reconciliation difficulties and administrative burdens needed a cost-saving alternative to expensive paper-based payment processes. The carrier wanted to streamline their payment experience and reduce manual processing and workload in their billing and accounts receivable department.
Pre-Integrated Solutions Increase Efficiencies
Combined Solution Maximizes Savings
Discover how our physician advisor helped a client save over $15,000 on a single facility bill.
Exploring Use of GenAI in P&C
Mainstream use of generative AI has prompted claims leaders to explore how the technology can be used to improve claims management. And while GenAI certainly offers tremendous opportunities for the P&C industry, tech leaders must be diligent in ensuring the intricate knowledge and experience in claims management is integrated into these programs.
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