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| Location | Maharashtra , India |
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| Sector | Healthcare , Life Insurance |
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Start up Profile
i3Systems is a healthcare machine learning product company which particularly focuses on insurance clients. The company builds automation products for the health and life insurance sector. Its AI systems implement data-centric processes that help in transforming the way policies are underwritten and claims are settled.
i3Systems uses techniques like computational linguistics, machine learning, image processing, quality-control rules, interactive interfaces in order to solve a wide variety of problems associated with Underwriting and Claims decision making in health and life insurance companies.
Products
DataMD
It performs underwriting process-automation, execution of medical rule engines, and ultimately fraud detection for health and life insurance companies. It automates six steps in the medical underwriting process, including, medical reports check, data-digitization, medical standardization, medical rules execution, fake-data identification, and straight-through-processing for normal cases, and claims to reduce the entire process from five days to one hour. The company claims that the product has analyzed more than two million diagnostic reports and has predicted health risk for over 100,000 policies already.
i3Claim
It converts all hospitalization documents into digital data and presents it on a special interface to the claim adjudication doctor. It has multiple in-built automation such as identification of missing documents; validation of claim date; isolation of non-payable items, etc.
