Artivatic.AI launches ‘Alfred’ to automate health insurance claim process

The company claims that it provides end-to-end self-operating access to health financing and claims pay-out process by leveraging analytics. The company believes that the platform was designed with a view to reduce the burden on the insurance industry functionaries and health insurance buyers.

According to the press release, the COVID-19 pandemic and its overall impacts have ensured that we will never again underestimate the need for health insurance coverage. It is eventually considered a basic necessity, whereas earlier it was thought to be only a type of financial cover. However, the main concern in health insurance is how to process claims in a seamless, seamless and digital manner. Therefore, in 2019, out of USD 91 billion, over USD 61 billion was spent as out-of-pocket expenditure, the note said.

The firm aims to build an automated platform that takes care of the entire gamut of claims payment pipeline – from claim filing to final settlement tracking using AI, ML and learning.

Layak Singh, Co-Founder, Artivatic said, “The health insurance sector is fast on track for a holistic transformation; to ensure that this transformation is the right upgrade that the sector needs, we have created this analytics-based integrated end-to-end -To-end, automated analytics and AI-based, health insurance tariff, fraud and risk management platform – Alfred has created. With this unique platform, we are able to simplify health insurance to such an extent that once the carrier and the user Once the profiles are activated on the provider network, all steps proceed seamlessly.”

According to the press release, Artivatik is committed to transforming the entire bancassurance sector, in India and everywhere else, by providing offerings almost every month; Alfred is in fourth place. The first was an underwriting platform for improved risk and fraud analysis called Aussis and then a data analytics-led employee benefits and group health system called Aspire Health and a three-tier sales, marketing, agent, customer and lead management platform. It is called MiO. ,