One of the industry leaders in health risk management and third-party administration of self-funded policies.
BUSINESS CHALLENGE
The client’s existing claims process was high volume, manual, and resource intensive, resulting in slow turnaround times, errors, high costs, and reduced productivity. They aimed to improve data collection, claims adjudication, and average handling time (AHT) to streamline processes and boost efficiency, accuracy, and user satisfaction.
Mphasis partnered with the client to define and execute their transformational journey in claims processing. Our solution approach included:
The new adjudication platform enabled the client to:
Achieve 50%+ improvement in auto-adjudication within four weeks, with 30–35% faster claim processing.
Improve accuracy to 99.5% in financial and payment processes, reducing errors significantly.
Achieve projected cost savings of 40% over three years through automation and efficiency gains.
Enhance claims analytics and straight-through processing, driving better decision-making.
Free resources to focus on high-value activities, improving user satisfaction and patient outcomes.