carrot carrot carrot Change Centers x cognizanti collaborators create-folder Data Science Decisive Infrastructure download download edit Email exit Facebook files folders future-of-work global sourcing industry info infographic linkedin location Mass Empowerment Mobile First our-latest-thinking pdf question-mark icon_rss save-article search-article search-folders settings icon_share smart-search Smart Sourcing icon_star Twitter Value Webs Virtual Capital workplace Artboard 1

Please visit the COVID-19 response page for resources and advice on managing through the crisis today and beyond.

ACCELERATE KEY PROCESSES

Cognizant Insurance Intake Automation

Cognizant 
Insurance Intake
Automation

Give business functions faster access to the information needed to facilitate decisions.

Automate information intake for faster underwriting, claim handling, policy administration

Document intake is core to the insurance business. Carriers require myriad forms, letters, faxes, emails and other correspondence from a variety of stakeholders to enable functions such as underwriting, claims and policy administration. Until now, document intake has been a largely manual task, requiring in most cases hundreds of staff. 
Cognizant Insurance Intake Automation is designed to help accelerate the information intake process. This software-as-a-service (SaaS) product powers document identification, classification, sorting and routing so business functions have quicker access to the details needed to facilitate decisions.
SHOWCASE

Featured work

INSURANCE

Insurance Automation Is the Antidote for the Pain of Data Issues

  • Expand

    The Challenge

    Financial transparency is emerging as a key driver of customer satisfaction in the increasingly competitive health insurance industry. A big health insurer had this lesson driven home when issues in reconciling claims data and the resulting member service problems nearly led to the loss of a large employer customer. An out-of-sync claims engine led to incorrect follow-up billing, requiring the insurer to manually address members whose claims had been paid incorrectly or had been completely unpaid.

    Members were deeply dissatisfied with their service, and one of the plan’s largest employer groups was preparing to leave. The issue was also creating challenges in efficiently adding new client accounts. 


    Our Approach

    Identifying, extracting and resubmitting affected transactions was forecasted to take at least two weeks, so we streamlined this process by creating a set of automation tools that used minimal amounts of data to identify out-of-sync accounts. We corrected errors like demographic data mismatches and generated new transactions that brought the systems’ totals into balance.

    In addition, we enabled the plan to successfully add several large employer group accounts, with our automated tools synchronizing member-shared accumulator data across multiple claim engines.

    Keeping Claims Data in Sync Makes Members Happy

    As the healthcare industry’s focus on customer service sharpens, accurate member-facing financial data will be a critical competitive prerequisite. Cognizant’s automation tools for synchronizing shared accumulator data will continue to enable this insurer to deliver high quality member service, streamline administrative performance and ensure data quality and accuracy.

    89%

    reduction in workforce hours spent on reconciliation

    86%

    reduction in time for new account onboarding

    10%

    improvement in accuracy in claims adjudication

    Improved

    customer retention and satisfaction

Take the first step

Serving customers by looking forward as well as back is a big promise, but the power of today’s new digital capabilities is vast and growing. Let’s talk about how digital can work for your business.

Please Enter Valid First Name
Please Enter a Valid Email Address
Please Enter Valid Company Name
Please Enter Valid Contact Number
Please Input the Region
Please Input the Inquiry Type
Please Input the SubInquiry Type
Please Enter A Message

Thank you for your interest in Cognizant.

We’ll be in touch soon.