Stop Guessing, Start Knowing. Predictive analytics is key to efficiently detecting, preventing, and correcting fraud.
Predict and intervene: expedite results
Manually fighting fraud is expensive, consuming the time of employees. Though vital to business operations, this process is inefficient and ineffective, hurting those who do nothing wrong. A powerful data mining solution can shorten this process, helping both employees and clients. A predictive intelligence platform can catch fraud earlier, with less labor, and highly accurately… and help you improve your bottom line.
- Fraud Detection and Protection
- Program Eligibility
- Underwriting
Every day, standard methods of fraud detection eat up companies’ time, driving up costs elsewhere for themselves and for clients in order to make up for the wasted labor. Digging through documents to sort out claims, eligibility, returned merchandise, or erroneous contracts hurts you in the long run, but is highly preventable. Predixion’s goal is to help your employees use their time as efficiently as possible, while still bringing you accurate and timely results.
Here’s how it works:
- Use multiple enterprise data sources — claims and demographic — for highest accuracy
- Build predictive model using Predixion Insight platform
- Run model in real-time to risk score claims within segmented profiles
- Display scores and interventions in custom portals or push to existing LOB systems at the decision point
Predixion Insight can prevent and better detect fraudulent claims and contracts, while also quantifying successes and improvements by tracking outcomes — all without requiring technical knowledge of data mining and forecasting. Actionable insights and integration allow for a single view of average accounts, segments, values, and risks. Overall, our platform can increase operational efficiency and reduce losses in your business by predicting and intervening on fraud.