Insurers, this is how Visit is revolutionising fraud prevention

Insurers, this is how Visit is revolutionising fraud prevention

In India, only 80% of insurance claims are genuine, while fraudulent claims account for 15% annually—amounting to nearly ?900 crore. When it comes to fraud, the most common response is reactive—insurers act only after the fraud has already occurred. This approach leaves insurers scrambling to catch up and protect their clients. At Visit Health, we’re changing that. We believe fraud detection shouldn’t be an afterthought—it should be an ongoing, proactive process that safeguards both your business and your clients before any damage is done.

Fraudulent claims don’t just cost money; they erode trust. That’s why Visit offers a better way—one that prioritises transparency, security, and efficiency.

The first step: Transparency

  • Early detection of discrepancies: Transparent claims logs help insurers spot inconsistencies—like repeated treatments or conflicting records—before claims are processed, stopping fraud early.
  • Building trust and accountability: Transparency builds trust. By making every detail accessible, insurers can hold all parties accountable, making it harder for fraudulent claims to slip through.

Preventing arbitrary policy cancellations: Studies show that 93% of people support mandatory disclosure of claims and policy details. This discourages fraud and ensures more responsible policy cancellations.

Maximum security at every step

  • Track interactions and treatments: Clear documentation helps insurers track what was prescribed, when, and why.
  • Highlight inconsistencies: Any misalignment between claims and patient data is flagged for review, preventing fraudulent claims from slipping through.
  • Scan & Pay for fraud prevention: Our Scan & Pay feature tracks prescription usage and flags unusual activity, preventing fraudulent transactions before they happen.
  • Robust security and quick issue resolution: Our grievance redressal system swiftly resolves issues with strict request-response mechanisms, ensuring maximum security for insurers.

The future of health insurance isn’t just about managing claims—it’s about preventing fraud before it starts.

It’s that obvious. Just get Visit. https://getvisitapp.com/

AI isn’t just transforming finance - it’s making Wall Street obsolete. Dive into how startups like Alloy (1.55Bvaluation) and Trumid ( 1.55Bvaluation) and Trumid (1.4T trades) are redefining fraud prevention, compliance, and trading. A must-read for finance professionals: https://lnkd.in/dX366HMp

回复

要查看或添加评论,请登录

Visit Health的更多文章