| |JULY 202219 This makes the healthcare institutions deliver care in a hassle-free manner and faster, thus keeping the load off the shoulders of the healthcare providers by ensuring timely reimbursements.Having dealt with many healthcare and in-surance businesses, we understand that ensuring flawless and efficient insurance management and payment processing as well as accurate diagnosis are some of the main challenges that they faced often. At Waterlabs AI, we have our own patented process flows and technologies and we apply the latest AI techniques such as NLP, neural networks, multi-language speech recognition. We have devel-oped modules that can easily and effectively under-stand patient reports and provide accurate insights and diagnosis which will ensure there are no missed procedures or charges.What are the various operational chal-lenges faced by your clients in the healthcare & insurance sectors that Waterlabs AI Technologies addresses with its solution? Many healthcare businesses have for a very long time carried out claim processing or even basic tasks such as converting data into invoices and for-warding them to insurance companies manually. Considering the massive number of patients that a hospital deal within a day, it's not possible for their staff to file all the claims manually in an efficient manner. It not only demands a lot of time and de-lays claims, but also leads to inaccuracies in filing them and many claims gets returned as front-end rejections. With our platform, we have automated all these processes. We have 1600 insurance companies integrated into our platform that hospitals and clin-ics can initiate the claims to. Unlike the traditional process where professionals from a hospital's bill-ing department have to either check each patient's claims through the insurance companies' website or by reaching out to their customer care team via a voice call, we have it all embedded in our patent-ed workflow platform. We can provide status of even one million claims in less than 48 hours. It allows our clients to track which claims aren't processed and act faster on those pending payments as well as post payments to their practice management sys-tems instantly using our work embedded AI enabled RPA which runs round the clock.Could you tell us about the key distin-guishing factors that keep Waterlabs AI Technologies ahead of other in this segment?We are the only organization that can automate pro-cesses within a `no data' environment. Our platform doesn't access any data and simply screens the pro-cesses and automates them using our patented AI technology. We also offer workflow solution to hos-pitals and clinics that are already pre connected to 1600 insurance companies in the US. Thus, our work-flow solution gives its users the ability to check the status of claims, resubmit them and get them pro-cessed efficiently and reduce their AR days.We have been able to deliver these capabilities to our clients, which are majorly based in the US. It has been possible for us to deliver such automation sup-port owing to our background in technology and our team's subject matter expertise, which also keeps us ahead of the rest. What is the roadmap for Waterlabs AI Technologies for the next few years? Are there any specific areas that you are going to invest in, going forward?In the next 24 months, we want to focus predomi-nantly on the payor's and provider's side in the reve-nue cycle management space using our AI assisted applications. We'll also be emphasizing on the fi-nancial services and banking segment because it is connected to what we do on the healthcare side. We are also planning to venture into the telecom and re-tail sectors in the Middle East, and our sales team is already working on it. TOP 10 MACHINE LEARNING STARTUPS - 2022 We are the only organization that can automate healthcare RCM processes within a `no data' environment
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