Streamline B2B operations with pre-built insurance accelerators for real-time transactions over a secure web portal.
Currently, the financial services industry faces a multitude of challenges, including diverse customer demographics, stringent regulations, sky-high capitalization rates, and never-ending pressure to streamline revenue. Overcoming these major obstacles and capitalizing on multiple new opportunities in the insurance environment demands the best-in-class integration technology capable of delivering maximum value to the end consumers. Next-gen insurance integration solutions enable organizations harness the true potential of data and handle all the challenges without relying on IT excessively or enhancing overhead costs.
Modern insurance data integration technologies are allowing financial firms to take advantage of their data without slowing down owing to complex processes. By integrating financial data or records into a unified database using self-service features, business users can quickly facilitate better decision-making and ultimately become easier to do business with. Adeptia’s self-service-powered insurance integration solutions are designed to help insurance organizations speed up processes, reduce costs, decrease time-to-market and easily adapt to changing business scenarios without being constrained by legacy systems, limited resources, and complex business processes.
Insurance integration solutions empower all business users to integrate sensitive records or information without relying excessively on the IT or developer teams. They leverage a low-code approach to help organizations streamline B2B operations and ultimately transform the way they do business with their customers or partner network.
Insurance integration helps companies foster a transparent B2B environment that thrives on connectivity and interoperability. It allows every business users to:
Adeptia’s insurance data integration solution provides pre-built insurance accelerators that are good to go. These accelerators speed up implementation time, reduce the time and effort to solve business problems, and increase business analyst and IT productivity. This puts every business user in charge of the entire process, freeing IT or technical teams to focus on more strategic tasks. Some of the accelerators that act as tools for the business users are:
Adeptia’s self-service-powered data integration solutions enable insurance companies leverage data to garner insightful information that can help drive the business forward. Here are some of its benefits.
Give your agents a way to transact business in real-time over a secure web portal. With Adeptia’s Insurance Carrier Portal Solution, agents are able to upload and download information, easily exchange data and view reports, as well as provide quotes, reports, and customer documentation.
New technology trends are poised to spur innovation in the insurance industry. Insurance giants will focus on implementing new technologies and service-oriented architectures for driving growth.
Suppose a Healthcare Benefits Service Provider “ACME Software” is seeking to streamline the maintenance and execution of the electronic carrier feed process of HIPAA 834 files as part of its insurance benefits solution.
Adeptia provides an easy-to-use browser-based interface for business users to setup HIPAA and X12 transactions with multiple trading partners. Suppose you are part of a large Dental Insurance company and have a need to automate the exchange of HIPAA 834 Benefit Enrollments, HIPAA 837 Claims, HIPAA 276/277 Claim Inquiry transactions with health care providers.
By using the Adeptia solution, Meadowbrook was able to enhance customer satisfaction, improve cash flow, and reduce costs of repetitive manual human processes. For example, Meadowbrook reduced lag time in viewing the insurance claims loss information from 2+ months to 2 days.
Chris Spring
Chief Information Officer and Senior Vice President, Business Operations, Meadowbrook Insurance Group
