Monday, April 12, 2021
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Advertisement
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
No Result
View All Result
Home Machine Learning

Equian Announces First Natural Language Process and Machine Learning AI Platform Designed Exclusively for P&C Subrogation

January 18, 2019
in Machine Learning
Equian Announces First Natural Language Process and Machine Learning AI Platform Designed Exclusively for P&C Subrogation
588
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Credit: Google News

INDIANAPOLIS, Jan. 17, 2019 (GLOBE NEWSWIRE) — Equian, a leader in innovative P&C payment integrity solutions announced today that its Data Analytics Division created the first NLP based AI platform called EquianAI built exclusively for the P&C subrogation market.  After piloting and testing the platform, it has proven to:

You might also like

AI and Machine Learning Driven Contract Lifecycle Management for Government Contractors

Cambridge Quantum Computing Pioneers Quantum Machine Learning Methods for Reasoning

Why Machine Learning Over Artificial Intelligence?

  • eliminate leakage associated with subrogation identification,
  • reduce false positives up to 36%,
  • enable productivity gains up to 20%,
  • and improve cycle time over 30%. 

EquianAI’s greatest impact is improving operational performance and recovery cycle times, and it easily integrates into existing workflows with minimal technology resources required. Equian’s Subject Matter Experts worked alongside the Analytics Division to develop the model. The Analytics Division utilized Equian’s data repository of P&C subrogation data to formulate a unique set of algorithms to predict outcomes and improve the existing process.  

Sam Cooper, Senior Vice President of Client Solutions, stated, “P&C organizations have unique challenges when it comes to subrogation. Most carriers rely on manual evaluation of free text with some predictive analytics on a limited amount of structured data to identify losses with subrogation opportunity. EquianAI provides automation that removes tedious human intervention by analyzing the free text, the structured data, and the unstructured data simultaneously.  The technology performs in-depth analyses that result in the ability to prioritize claims by scoring recoverable files as High, Medium or Low based on recoverability.  Rules based technology then directs the scored cases to appropriate investigation and recovery experts.”

Gary Liter, President of the Subrogation Division, further offered, “As a result of our experts’ deep dive, we found significant areas of improvement could be made by deploying technology logic as a critical part of the subrogation payment integrity value chain. Key automation incorporated into our data engine that drives our successful outcomes includes Artificial Intelligence, Digital Robotics and Machine Learning, Predictive Analytics, and Mobile Technology.”

A video explaining the solution functionality and process can be accessed through the link below:

Next Gen –EquianAI Video

About Equian
Equian is a leading end-to-end payment integrity organization. The company manages over $500 billion in claims data annually on its innovative platform designed to assist clients by avoiding, identifying, pricing, analyzing clinical codes, and ultimately recovering inaccurate transactions in the complex environments of healthcare, workers’ compensation, and property & casualty markets. Equian acts on data to pay the right party, the right amount, at the right time delivering over $2.5 billion annually in actionable savings throughout the payment spectrum.

CONTACT:
Mike Morrison, CRO
317-806-2128

Credit: Google News

Previous Post

Monitor network bandwidth usage and analyze network traffic in the IBM AIX server using ProbeVue

Next Post

How I used NLP (Spacy) to screen Data Science Resumes

Related Posts

AI and Machine Learning Driven Contract Lifecycle Management for Government Contractors
Machine Learning

AI and Machine Learning Driven Contract Lifecycle Management for Government Contractors

April 12, 2021
Cambridge Quantum Computing Pioneers Quantum Machine Learning Methods for Reasoning
Machine Learning

Cambridge Quantum Computing Pioneers Quantum Machine Learning Methods for Reasoning

April 11, 2021
Why Machine Learning Over Artificial Intelligence?
Machine Learning

Why Machine Learning Over Artificial Intelligence?

April 11, 2021
27 million galaxy morphologies quantified and cataloged with the help of machine learning
Machine Learning

27 million galaxy morphologies quantified and cataloged with the help of machine learning

April 11, 2021
Machine learning and big data needed to learn the language of cancer and Alzheimer’s
Machine Learning

Machine learning and big data needed to learn the language of cancer and Alzheimer’s

April 11, 2021
Next Post
How I used NLP (Spacy) to screen Data Science Resumes

How I used NLP (Spacy) to screen Data Science Resumes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

January 6, 2019
Microsoft, Google Use Artificial Intelligence to Fight Hackers

Microsoft, Google Use Artificial Intelligence to Fight Hackers

January 6, 2019

Categories

  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Crypto News
  • Data Science
  • Digital Marketing
  • Internet Privacy
  • Internet Security
  • Learn to Code
  • Machine Learning
  • Marketing Technology
  • Neural Networks
  • Technology Companies

Don't miss it

Interpretive Analytics in One Picture
Data Science

Interpretive Analytics in One Picture

April 12, 2021
AI and Machine Learning Driven Contract Lifecycle Management for Government Contractors
Machine Learning

AI and Machine Learning Driven Contract Lifecycle Management for Government Contractors

April 12, 2021
Cambridge Quantum Computing Pioneers Quantum Machine Learning Methods for Reasoning
Machine Learning

Cambridge Quantum Computing Pioneers Quantum Machine Learning Methods for Reasoning

April 11, 2021
Why Machine Learning Over Artificial Intelligence?
Machine Learning

Why Machine Learning Over Artificial Intelligence?

April 11, 2021
27 million galaxy morphologies quantified and cataloged with the help of machine learning
Machine Learning

27 million galaxy morphologies quantified and cataloged with the help of machine learning

April 11, 2021
Machine learning and big data needed to learn the language of cancer and Alzheimer’s
Machine Learning

Machine learning and big data needed to learn the language of cancer and Alzheimer’s

April 11, 2021
NikolaNews

NikolaNews.com is an online News Portal which aims to share news about blockchain, AI, Big Data, and Data Privacy and more!

What’s New Here?

  • Interpretive Analytics in One Picture April 12, 2021
  • AI and Machine Learning Driven Contract Lifecycle Management for Government Contractors April 12, 2021
  • Cambridge Quantum Computing Pioneers Quantum Machine Learning Methods for Reasoning April 11, 2021
  • Why Machine Learning Over Artificial Intelligence? April 11, 2021

Subscribe to get more!

© 2019 NikolaNews.com - Global Tech Updates

No Result
View All Result
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News

© 2019 NikolaNews.com - Global Tech Updates