i3claim

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i3claim is i3systems’ platform for medical claim process automation. It enables insurers to rapidly deploy AI and RPA enabled solutions to streamline key activities in medical claims. i3claim extracts, classifies, and validates over 300 data points in every claim document, to reduce the manual efforts of a practitioner. The vendor states this leads to an increase in productivity by over 300%, and reducing costs by 50-80%. i3claim creates standardized data from a claim document set received from any hospital, and makes a decision on every claim, boasting a short turnaround time of 5 minutes. This is to help insurance companies settle claims faster and more accurately, improving customer experience while reducing costs at the same time. The vendor describes the benefits of using i3claim to transform medical claims processes - • Cashless claim discharge within 30 mins • 300% improvement in FTE productivity • Accurate identification of non-payables • 80% reduction in financial leakages • Discharge authorisation of 90% cases in 30min • More than 95% data captured accurately • CPT categorization of packages • Gold-standard data for analytics