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AI in Healthcare

Enhance & Compliment Every Human Action

In this age of digitization, artificial intelligence is now a part of everyday life. In healthcare, AI is changing the game with its applications in decision support, image analysis, and patient triage. Since AI aims to mimic human cognitive functions, there is a general myth, it will replace clinicians, physicians and medical technicians. However, in practice, AI is here to  help them.

AI is changing and saving lives not intended to replace human. It helps make smarter decisions at the point of care, taking the hassle to quickly decipher large amounts of data with in the electronic records, chatbots to check symptoms and improve patients experience, aiding in the screening and diagnosis process saving both time and money for both patients and physicians.

AI IN ACTION

OUR SELECTED CUSTOMER SUCCESS STORIES

Querying large video datasets

With low latency and low cost

Optimize Business Performance

Easy Integration

With existing infrastructure

Empowered Surveillance Team

Video Analytics

To Measure Real-time Behavior And Events

Many of our client facilities use video surveillance and heavenly rely on security staff to note unusual behavior. This method is prone to many challenges like cost and lack of human attention span.  As a result, surveillance systems failed to prevent undesirable incidents. 

Quadratyx video analytics solution (a deep-learning based solution), takes feed from the Cameras, processes the contents of the video and provides hospital with real-time actionable alerts against temporal and spatial events. The hospital could also now automate the employee check-in and check-out process and identify unique patient footfalls.

AI Powered Dynamic Retail Pricing

Competing in Today's Retail Landscape

In order to achieve expected ROI, a leading US based healthcare product manufacturing company realized the need to rethink their global product launch strategies. Traditional absolute pricing models were no longer yielding expected results and they contacted Quadratyx to assist in building dynamic pricing model.

The goal is to study the existing data and develop a decision making descriptive analytics dashboard using Tableau to get a deeper understanding of their business’s revenue, including

  • Their forecast performance.
  • Pricing trends
  • Product margins
factors

Identify the

Influencing Factors

Informed decision

Business Decisions

Based on a scientific approach for pricing

Top finanical

Positive financial outcome with

Improved Top Line

Accuracy

Achieved by

86%

Medical Claim Duration

Reduced by

5

Days

100%

More

Amount Collected

Predictive Analysis & Optimization

The ‘Propensity-to-pay’ of a Payor

A leading knowledge process management firm wanted a better prediction of medical claim processing and align staff managing this process. Inaccurate claim estimations led to over staffing and the firm ran into spending unnecessary time on claims which had a lower probability and eventually lacked a scientific approach to solve the problem.

Quadratyx designed advanced ML models to predict the recovery amount with minimal time spent on resolutions of gaps in claims

  • Predicted number of days to settle, Probability of denial, Number of follow- ups required, Portion of amount that will be paid by payer,
  • Deployed scoring model: to measure the propensity-to-pay  for each claim initiated for payment

Other opportunities to enhance business intelligence using AI and analytics.

  • Fraud/abuse identification
  • Volume and utilization analysis at provider level
  • Identification of high risk cases
  • Service/product offering customization
  • Market mix modeling and campaign management
  • Drill down trend analysis & reporting
  • Quality/performance review at provider level
  • Assess impact of medical / pharmacy policy on total cost
  • Pricing analysis
  • Cost saving analysis
  • In-network versus out-of-network provider utilization
  • Predictive modeling to identify high cost members/prospects and to price products for individuals
  • Financial forecast and reserve determination
  • And many more …

To find out more on how to make AI work for your business