Insurance Automation & Medical Data Summarization
Digitize and Summarize your challenging document
Friendly is a robotic digitization solutions company that provides tailored Digitization and Summaries of the most challenging documents and language formats, including handwriting. Our solutions focus on Underwriting and Claims processing for the Life and Disability Income insurance markets as well as Supplemental Benefits such as Medicare Advantage, but our solutions can also be used in other industries such as the Legal profession.
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SOC 2 Certified
Friendly is SOC 2 certified, to earn your trust.
Security
Your systems and data are protected against unauthorized access and disclosure.
Availability
Your information and systems are available for their intended use.
Confidentality
Confidential information is kept confidential.
Processing
Integrity
Data processing is complete, valid, accurate, and timely.
Privacy
Consumer data protection and consumers are informed about the collection, use retention, and disposal of their data.
Full cycle automation for insurance
Friendly uses intelligent character recognition to digitize both structured and unstructured documents including tables, low-resolution and handwritten text with over 90% accuracy.
And we’re even better when it comes to the critical data that matters most to you.
For example, our average APS accuracy score is over 95%. That’s because our models are pre-trained on real medical data so we immediately produce highly accurate results, and improve even more as we absorb new cases and learn your unique document formats.
And if we’re not confident in a data point, we’ll flag it for live review
How it works
Dramatically improve Underwriting
& Claims processing speed
Underwriting
Accurately capture your data
Contact
Insurers lose business with the passage of underwriting time.
Friendly dramatically reduces underwriting risk assessment time, improves placement and helps companies automate the processing of declinations to free up underwriter time.
Data
Our platform securely ingests and digitizes the application and other new business, underwriting or claims documentation in any format from any source. Then automatically extracts key information that would normally be manually located and input.
Summary
Next the extracted data is rapidly auto-routed to the underwriter in a concise, actionable summary. All the unneeded “noise” was removed, the summary contains only the key information your underwriters need to underwrite. All of that happens fast, leading to higher placement, higher revenue and happier clients and sales professionals.
Once a document has been converted to digital format, the real power of automation begins.
First, Friendly cleans the document by eliminating excess and duplicate data. Then, we apply natural language processing to extract, classify and summarize key information - indicative data, family and social history, health history, etc., providing a convenient, actionable report.
A file with dozens or even hundreds of documents is now condensed to a few accurate highly relevant pages.
Summarization
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Adjudication
Of course we’d love to process your claims too, and our full service platform can do just that. Here’s how it works:
Key claim data is extracted from case documents and run through our adjudication engine.
We build a digital coverage booklet unique to each customer you serve, then cross-reference ingested data against the employer contract to determine benefit levels and route payment recommendations to the claims analyst for final approval.
The rise of supplemental insurance
The supplement benefits market is one of the fastest growing segments of insurance, largely due to expansion of Medicare Advantage plans, and the rapid growth is likely to continue in the future.
Unsustainable Expenses
Simultaneously, manual operations and excessive administrative and acquisition costs continue to impede Life and Health insurers financial performance, client experience and product creativity.
For example, statistics from the Council for Affordable Quality Healthcare reveal that manual transactions cost $5 more and take 7 minutes longer than transactions processed electronically. And McKinsey estimates that digital automation can reduce claim expenses by as much as 30%.
Automation equals Invigoration
Core workflows no longer need to be manual and expensive. By automating basic administrative processes and tedious repetitive tasks, you can infuse new energy into your organization by rededicating staff to essential business and high-touch customer service.
