Automate Claims Processing to Avoid Fraud, Waste and Abuse Video Transcription
At Daisy, we know it’s difficult to collect on fraudulent payments once the payment has been made. Automating claims processing allows insurance companies to proactively avoid fraud, waste and abuse. But today many insurance companies simply pay low value, high volume claims because it’s not cost effective to investigate. For example, a $500 windshield claim is more effective to pay than spend people time looking at.
The Value of Claims Automation
But why not let artificial intelligence auto deny those suspicious low value claims? For almost no cost, requiring no human intervention, we can stop the fraudster who plans to apply for 50 fraudulent windshield claims before they do their second. We let people do what people do best by using machines to do what machines do best. At Daisy, we see what others don’t.