Market Overview

Leveraging Big Data Analytics to Improve the Utilization Management Process | A Quantzig Engagement for an Insurance Company

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Quantzig, a pure-play analytics solutions provider, has announced the
completion of their latest big
data analytics engagement on the health insurance marketplace
. A
leading health insurance firm wanted to develop a cohesive and
predictive business model, which can readily account for the changing
trends to help seal their brand stability. The client also wanted to
identify thriving areas of investment in the health insurance
marketplace.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180823005387/en/

DATA ANALYTICS SOLUTIONS FOR A LEADING HEALTH INSURANCE COMPANY. (Photo: Business Wire)

DATA ANALYTICS SOLUTIONS FOR A LEADING HEALTH INSURANCE COMPANY. (Photo: Business Wire)

According to the healthcare industry experts at Quantzig,
"In the digitized age, a lot of people are concerned about security
breaches when it comes to sharing their personal data with healthcare
providers
."

The use of health insurance among people is driven by factors like the
outbreak of chronic diseases and increasing health costs. This has
consequently led to the continuous growth and development of companies
in the health insurance marketplace. However, processing of health
insurance claims requires a huge amount of data. This acts as a major
hurdle in the maintenance of an efficient and effective utilization
management process.

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The big data analytics solution helped the health insurance provider to
tweak their planning, business management model, and determine
performance metrics that are required in the health insurance
marketplace. The client was also able to detect false medical claims,
determine prospective areas of investment, and improve their utilization
management (UM) process.

Big data analytics benefits for the client:

  • Analyze the unstructured data and make profitable utilization
    management decisions.
  • Gain insightful information to alter their model of business
    management.
  • To know more about the benefits of data analytics engagement, speak
    to an expert

This data analytics engagement offered
predictive insights on:

  • Analyzing complex and diverse data to improve constantly and increase
    the patient care scope.
  • Organizing the processes and establishing the client's presence in the
    health insurance marketplace.
  • To gain detail insights and understand the scope of our engagement, request
    a proposal

View the complete big data analytics engagement here:
https://www.quantzig.com/content/health-insurance-marketplace-big-data/2

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 all of Quantzig's services and the solutions they have
provided to Fortune 500 clients across all industries, please contact us.

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