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Analyzing the Impact of Health Insurance Analytics: Quantzig’s Take on How the Insurance Industry is Evolving in 2018 | Business Wire

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LONDON–(BUSINESS WIRE)–Quantzig, a pure-play analytics solutions provider, has announced the

completion of their latest article on how

insurance analytics is transforming the insurance marketplace.

The insurance industry is going through a rapid phase of transformation

and embracing changes is the only way to move forward in this

competitive market. The implementation of new healthcare reforms and

cost structures is making it difficult for health insurance companies to

meet the rising demand for insurance coverage while keeping their costs

low. Consequently, many health insurance providers have started

leveraging strategic tools such as insurance analytics to reduce costs

and streamline processes.

“Rising healthcare costs have forced companies to leverage tools such

as health insurance analytics to position themselves competitively in

the insurance marketplace,” says an expert from Quantzig.

Book

a Solution Demo to know how Quantzig’s real-time analytics

dashboards and health insurance analytics solutions can help improve

your business processes.

Advantages of implementing insurance analytics:

Improving customer-centricity

Every industry has become customer-centric to provide a better

experience to their customers and become market leaders. The health

industry is no exception and is focusing on enhancing their customer

experience in various ways. Insurance analytics is one such way that

helps companies achieve their goals by providing precise insights on

services needed by clients and patients. With the help of the customer

data gained through health insurance analytics, companies can pitch

accurate estimates that are based on accurate data.

Continue reading to know more about the complete list of

strategies followed by companies in the health insurance market or

request a free proposal

Preventing frauds

Health insurance analytics tools have the ability to identify people who

are most likely to commit insurance frauds. The data obtained would

allow companies to develop plans to overcome instances of frauds and

monitor insurance-related data in real-time. Leveraging insurance

analytics would also prevent companies from losing money in the name of

false insurance promises.

To know more about the business practices of health insurance

companies, request

for more information.

Reduction in costs

Leveraging insurance analytics tools would help customers and clients to

drive their overheads, speed up their claim processes, and optimize

operational efficiency. Moreover, such tools also help companies to

implement the appropriate network discounts, physician incentives,

accurate pricing models, and optimal fee schedules. The data obtained

through insurance analytics can help target high-cost demographic areas

efficiently. To

access the complete list of strategies, view the full article here!

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

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