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As the healthcare insurance industry loses nearly half a trillion dollars each year due to fraud, waste, and abuse, the use of AI technology becomes increasingly vital in streamlining and reinforcing risk assessment processes, and in network optimization. Kirontech, a United Kingdom-based company, has emerged as a game-changer in this area.
Startup Showcase: What is Kirontech?
Kirontech is a Cambridge-based startup that uses cutting edge machine learning technology to revolutionize the use of healthcare data. By combining the techniques of AI and extensive industry knowledge of medical claims data, Kirontech aims to change the way health insurance works for good. This Startup Showcase will explore how Kirontech is using its AI technology, KironAI, to improve the bottom line of insurers, third party administrators and reinsurers, and increase the quality of care through better monitoring and management of providers.
Revolutionizing Healthcare Insurance with KironAI
KironAI is the most specialized and advanced AI solution in the healthcare insurance market, according to Kirontech. Its proprietary algorithms allow the platform to handle millions of complex claims with ease. KironAI uses dynamic “graph–based” learning, which means it discovers rules and patterns from within the data. The system is ultra-fast and resilient, designed to learn even from scarce data.
KironAI identifies fraud, waste, and abuse at the source and reduces inefficiencies across the board. With its state-of-the-art artificial intelligence solutions, Kirontech is changing the way health insurance works for good. By combining the techniques of AI and extensive industry knowledge of medical claims data, Kirontech aims to revolutionize the healthcare insurance industry.
The People behind Kirontech
Kirontech is about its people. With its unique combination of skills and expertise, the team works to innovate the healthcare industry through the application of new technology that has already proved its value across many other domains. As Kirontech CEO Michael Dann said, “We pride ourselves on our ability to crucially identify the issues that matter most to the healthcare insurance business, and then to apply our technical expertise and domain knowledge in a pragmatic, clever way that will deliver the most exciting and effective results.”
Kirontech is revolutionizing the healthcare insurance industry with its state-of-the-art AI solution, KironAI. With a team of skilled experts, Kirontech is perfectly positioned to address the serious issues that impede the health insurance business today. Its technology can identify fraud, waste, and abuse at the source and reduce inefficiencies across the board. With Kirontech’s AI technology, healthcare insurance is about to change for the better.
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