Digital transformation is becoming a reality for all business sectors and healthcare is no exception. Post-pandemic, there has been a sudden shift in the healthcare system, and as healthcare providers are faced with challenges, new technologies have also opened up. As per the reports, The Global Digital Health Market is expected to [...]
Despite all the trending technology adopted by insurance leaders to attract new customers, the claims process is still one of the most critical experiences a current policyholder has with an insurance provider. And this traditional method of claims processing is challenging due to the large volume of work in the hand of [...]
ChatGPT, an innovative AI-based large language model (LLM) created by OpenAI, has shaken the world since its release in November 2022. It truly has the potential to transform language creation. ChatGPT can produce it all for you, right from a research paper, a research article, poetry, or even computer code. It provides [...]
The accounts payable(AP) process is indeed the backbone of an organization as it directly impacts cash flow optimization, fraud prevention, and customer relationship. Also, the accounts payable process is specifically challenging due to the high dependency on human and paper-driven methods to complete the process. With rising customer preferences for convenience, high [...]
Are you looking at onboarding a new employee? The employee onboarding process across IT organizations is the first impression that an organization gives to new hires, and it can actually make or break their experience with the organization. No matter how many times someone switches jobs, starting a new one is always [...]
Changes in customer behavior are causing a fundamental shift in the insurance distribution model. As customers these days are embracing digital channels, and their experiences with digital channels have also raised the expectations of buying insurance both online and offline mode. A seamless customized, and personalized experience is all they want or [...]
Nobody likes to wait in line at least when it’s a matter of health. From clinical documentation and claims reimbursement to medical record documentation, healthcare providers often receive queries in high volume. These queries add up to a long queue of service tickets related to patient queries. And with a lot [...]
What is RPA in Banking and Finance ? Use Cases, Benefits, and Challenges in 2023 The increasing strides of emerging technologies have opened up new arenas and exciting possibilities for Banking, Financial Services, and Insurance (Banking) players. With the widespread adoption of automation in the industry [...]
Robotic Process Automation in Banking Did you know that human mistake in the banking industry results in over $878,000 in wasted time and labor each year? It is evident that the desire for change on the part of banking and financial services is not surprising. Implementing robotic process automation makes sense [...]
RPA in banking industry is like a match made in heaven. With robotics, all the mundane, labor-intensive, rule-based, repetitive tasks across the banking sector can be automated using simple software bots. By implementing pre-programmed rules, software bots automate high-volume business processes to optimize costs, improve operational accuracy, and assure improved talent [...]
