Becker's Healthcare December 4, 2020
In every industry, data insights are helping organizations better understand and serve their customers, deliver better products and services, while lowering the cost of doing business. Data analytics tools are becoming a top priority in the healthcare industry as well, so we spoke with two Mastercard executives with deep experience in data and healthcare.
Optimizing claims with artificial intelligence
Employing artificial intelligence (AI) is one of the first and best uses of data analytics. AI’s ability to easily and quickly uncover data patterns and anomalies, for example, makes it a powerful tool for claims optimization. The need is obvious: Hospitals alone lose around $262 billion annually on claims that are denied by payers.1
“Beyond the initial lost revenue,” adds Beth...