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How Medica used Parashift's IDP platform to improve data processing and save time and money:
Intelligent Document Processing (IDP) for health insurances
Medica Health Plan is playing a leading role in the United States by providing access to care for millions of people. The company is using the Parashift Platform to increase accuracy, reduce processing time, and minimize the cost of submitting changes into their systems.
Health insurance is a specific sector where the number of manual, unstructured, or semi-structured documents is breaking records. The processing of these documents is time-consuming and must be done thoroughly not to miss any errors.
When the process is manual, the entire workflow is slowed down, impacting customer satisfaction.
Therefore, automating the process of document data extraction is an important choice that guarantees a reliable, fast and less costly procedure that benefits both the customers and the company itself.
Download your exclusive copy of the case study today and learn how health insurances leverage IDP
Why Parashift?
According to Microsoft, more than 500 billion documents are generated worldwide every year by Office applications alone. That’s a lot of information that can still be read and interpreted by employees but can hardly be used for automatic processing and process control.
The result is media disruptions that induce unnecessary inefficiencies in processes. With Parashift, we offer you a solution for integrating documents cost-effectively into IT applications and workflows.
With the Parashift Platform, companies can easily read out their documents – no matter how many or what type of document they are.
The data obtained can then be used to make the company’s own processes more efficient or to support completely new digital business models.