CO ASSESS Platform
On demand or dynamic fraud and waste assessment by combining multiple technologies and multiple data sources to maximize results accuracy, and to efficiently identify fraudulent claims.
Covariance has designed an advanced AI - based solution for health insurance fraud and waste detection. CO Assess is a great solution for screening any claim in order to identify possible fraudulent behaviors. Main assets of the CO Assess Platform are:
• Dynamically linked to company’s database
• User Friendly environment
• Customizable to company’s requirements
• Underwriting scoring module is included
CO ASSESS Minimizes Cost & Expenses
CO ASSESS Platform assesses all claims, and flags possible fraudulent or wasteful ones, prior to reimbursement.
This leads to
• administrative cost reduction
• operational cost reduction
• inspection cost minimization
• expenditure control
• claims prediction
• strategic advantage in pricing
• strategic advantage in underwriting
• ultra-high ROI
CO ASSESS Optimizes Claims Management & Claims Processing
CO ASSESS Platform combines multiple technologies, multiple data sources, and significant expertise of the leading team to maximize results accuracy, and to efficiently identify fraudulent claims.
CO ASSESS Platform optimizes claims management and claims processing, trough introducing a paperless process.
• making claims settlement faster using an easy-to-use one-stop-shop
• safeguarding data safety since all processes are internal
• predicting future claims
• offering real time claims and fraud analytics
Key Features
All your data connected in one place
Unified Visualizations
No code needed, easy application in just a few clicks
Scalable for vast amount of data
Dynamic Dashboards
Machine and Deep Learning Algorithms
Risk analysis reporting capabilities
Claims predictive analytics capabilities
Deep data science expertise
We maintain an expert team focused solely on insurance decisions.
Extreme accuracy
Our insurance decision solutions deliver greater-than-human accuracy.
100% explainability
Our solutions don’t simply deliver an answer. They explain the why behind every decision.
Information is the oil of the 21st century, and analytics is the combustion engine.