A Leading Health Insurance Firm Leveraged Fraud Analytics to Identify and Prioritize the Investigation of Questionable Medical Claims | Read Quantzig’s Recent Success Story for in-Depth Insights

LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Analytics?src=hash” target=”_blank”gt;#Analyticslt;/agt;–A global data analytics and advisory firm, Quantzig, that delivers
actionable analytics solutions to resolve complex business problems has
announced the completion of their latest success story. During the
course of this engagement, the fraud
analytics
experts at Quantzig helped a health insurance firm to
deploy new strategies to identify false claims and allocate their
resources efficiently.

From healthcare and financial claims to insurance and product warranty
claims, tackling fraud has turned out to be a major challenge for
businesses worldwide. To address such issues leading organizations are
focusing on developing robust solutions that would help them categorize
and prioritize suspicious activities. As such, health insurance service
providers are looking at leveraging fraud analytics to reduce
significant wastage of resources by preventing fraud and abuse in the
administration of health insurance claims.

The Business Problem: The
client is a well-known healthcare insurance service provider based out
of the United States. They wanted to leverage fraud analytics to
identify the potential losses from healthcare frauds and errors in
claims processing.

Our fraud analytics experts can help you build a fraud detection
strategy to identify and prevent claims fraud.
Contact
us
for more insights.

“Fraud analytics does not replace the traditional rules-based methods
but it just adds up to your existing efforts to enhance business
outcomes,” says a fraud analytics expert from Quantzig.

The Solution Offered: With
several years of experience in offering advanced fraud analytics
solutions, we understand the ‘pain-points’ encountered by healthcare
players. To help the client tackle their challenges our experts proposed
a systematic, analytics-driven approach that would provide the
much-needed insights into false claims.

This success story is a classic example of how a client succeeded
in leveraging fraud analytics to identify and prevent false claims.
Request
a free proposal
to know more about the benefits of
fraud analytics.

Quantzig’s fraud analytics solutions helped the
client to:

  • Analyze data using interactive dashboards
  • Identify and track fraud in real-time
  • Request
    a free demo
    to know how our analytics solutions can help
    you tackle fraud.

Quantzig’s fraud analytics solutions offered
predictive insights on:

  • Leveraging analytics through cross-application data integration
  • Analyzing claims data in real-time to generate warnings of suspected
    fraud
  • Request
    for more information
    to gain in-depth insights into fraud
    analytics.

About Quantzig

Quantzig
is a global analytics and advisory firm with offices in the US, UK,
Canada, China, and India. For more than 15 years, we have assisted our
clients across the globe with end-to-end data modeling capabilities to
leverage analytics for prudent decision making. Today, our firm consists
of 120+ clients, including 45 Fortune 500 companies. For more
information on our engagement policies and pricing plans, visit:
https://www.quantzig.com/request-for-proposal

Contacts

Press Contact
Quantzig
Anirban Choudhury
Marketing
Manager
US: +1 630 538 7144
UK: +44 208 629 1455
https://www.quantzig.com/contact-us

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