Impact of Artificial Intelligence in Health Insurance Industry

With the continuous advent of technology usage, numerous innovations are being developed and used to improve society's quality of life. Artificial intelligence is one of these innovations, and now it is being applied in health insurance, a critical and incredibly important component of today's healthcare industry. Artificial intelligence has numerous impacts in the health insurance industry to date, and these impacts may be separated into two types - the benefits it has brought, and the drawbacks it inevitably has. Read on to know more. Doing manual verification of claims is incredibly tedious work, with average, mid-sized insurers receiving about 700,000 claims from hospitals every year. With a pandemic still in our midst, the number of claims will inevitably boom.