Beyond Key™ is a leading software development and IT consulting company, specializing in custom solutions and leveraging transformative Microsoft technologies. With a sharp focus on AI, we utilize Microsoft technologies, including SharePoint, Teams, Dynamics 365, and Power Platform (Power BI, Power Apps, and Power Automate). Our innovative methodologies and expertise give businesses a decisive competitive edge.
Insurance companies are facing a growing challenge:
the volume of paper documents they need to process is increasing exponentially. This is pressurizing resources and making it hard to keep up with customers' demands.
OCR Insurance document management solutions! It can help insurance companies like yours to overcome this challenge. With the insurance document management system, you can automatically extract data from paper documents, such as
Claims forms Medical records Policy documents Accord forms
You can store this data in a central database, making it super easy to access and use.
Document management systems can help insurance companies go green by reducing paper waste.
Here are some incredible environmental benefits of using document management systems:
Reduce paper waste
Document management systems can help you store your documents electronically, which can reduce the amount of paper you use. You can help save trees and reduce the amount of waste that goes to landfills.
Storing documents electronically can also save energy because it reduces the need to print and store paper documents. This is fruitful for the nature since it exponentially reduces energy usage to power printers and copiers.
Reduce water use
Storing documents electronically can also reduce water use because it reduces the need to produce paper. Environment benefits as it reduces water usage to make paper.
Looking to go green? Consider implementing a document management system. A perfect way to reduce your environmental impact while saving money.
OCR stands for Optical Character Recognition. A technology that can be used to extract text from scanned documents. Insurance OCR is the use of OCR technology to process insurance documents, such as claims forms, medical records, and policies.
How does OCR insurance work?
OCR insurance works by scanning documents into a computer. The OCR software then analyzes the scanned documents and extracts the text from them. The extracted text is then stored in a database, which can be used for a variety of purposes, such as claims processing, fraud detection, and customer service.
What are the benefits of insurance OCR?
The benefits of insurance OCR include:
Increased efficiency: OCR can automate many of the manual tasks involved in processing insurance documents. This leads to increased efficiency and productivity.
Improved accuracy: OCR can help to reduce errors in data entry. This leads to improved accuracy and compliance.
Reduced costs: OCR can help to reduce the costs associated with processing insurance documents. This can be achieved by reducing the need for manual labor and by improving efficiency.
What are the challenges to implementing insurance OCR?
The challenges to implementing insurance OCR include:
The cost of implementing OCR software can be high.
The accuracy of OCR software can vary depending on the quality of the scanned documents.
OCR software can be complex to use and maintain.
Despite these challenges, insurance OCR is a valuable tool to help improve the efficiency, accuracy, and cost-effectiveness of insurance operations. Click here to know more.
Use the contact form below for any questions or requests related to our services.