Speaking The Language: Conversational Platforms In Healthcare
CIO Review|July 2019

Conversation Platforms

Significant advancements related to conversation platforms and related technologies have occurred over the last several years.

Plamen Petrov
Speaking The Language: Conversational Platforms In Healthcare

New avenues have provided opportunities for businesses to serve customers more effectively and also reduce their operating costs. Conversational technology has seen increasing adoption across a wide range of industries including banking, telecommunications, healthcare, and finance.

Healthcare Business Landscape

Health plans sit in the center of a complex ecosystem, with various channels designed to communicate with each stakeholder group.

Health plan customers (patients) often need to reach out to their health insurance company (payer) for information regarding their plans. This specific information can be associated with their individual benefits, such as coverage eligibility, finding doctors, and claim reimbursement. Doctors and nurses also interface with payers for touchpoints like confirming coverage and negotiating payment through pre-authorization.

Payer investments catering to the needs of their constituent groups have yielded mixed results. Complex jargon/terminology and the maintenance of archaic technologies and solutions (e.g. mainframe databases) lend themselves to the difficulty in creating a comprehensive solution. As a result, customers often have a subpar consumer experience that would not be tolerated in other industries.

The Opportunity

Conversational technologies coupled with AI/cognitive computing technologies such as natural language processing/understanding engines (NLP/NLU) and machine learning techniques offer an avenue to address this challenge. While they are not all new, these technologies provide innovative ways of navigating the complexities that have historically constrained traditional rules-based software systems.

This story is from the July 2019 edition of CIO Review.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the July 2019 edition of CIO Review.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM CIO REVIEWView All
Cognitive Fashion Design Using AI And Automation
CIO Review

Cognitive Fashion Design Using AI And Automation

Fashion Industry is one of the top contributors to Global GDP and amongst the highest employment generator.

time-read
4 mins  |
March 2021
Blockchain-Based Cybersecurity For IoT
CIO Review

Blockchain-Based Cybersecurity For IoT

Arumani Subramanian completed AI/ML Information Technology from IIIT Hyderabad and Bachelor of Technology in Computer Science from Pondicherry Engineering College. His keen interest circles around making business profitable by digital innovations, and mapping digital pathway. He is an expert of Blockchain, RPA with right use cases and leads a team of architects and solutions team.

time-read
3 mins  |
April 2021
Artificial Intelligence & The Disruptive Chatbot
CIO Review

Artificial Intelligence & The Disruptive Chatbot

Chatbot Technology has always been a game changer whether it’s content, data or e-commerce - businesses underwent change to survive due to the changing consumer perception, business value and convenience.

time-read
3 mins  |
March 2021
How Financial Services Companies Are Striving Through The Data Age
CIO Review

How Financial Services Companies Are Striving Through The Data Age

With experience in account management, corporate account management, and regional sales direct, he is leading the firm.

time-read
3 mins  |
April 2021
RPA IN ACTION IN THE FINANCIAL SECTOR
CIO Review

RPA IN ACTION IN THE FINANCIAL SECTOR

A renowned professional in artificial intelligence, investment banking, managing consulting and profitability delivery, in the industry for 20+ years and consultations for 10+ Fortune 500 organizations.

time-read
4 mins  |
April 2021
PayNearby
CIO Review

PayNearby

DETERMINED TO CREATE A DIGITALLY FORWARD AND FINANCIALLY INCLUSIVE NATION

time-read
2 mins  |
April 2021
A SNEAK PEAK ON – BLOCKCHAIN TECHNOLOGY
CIO Review

A SNEAK PEAK ON – BLOCKCHAIN TECHNOLOGY

Let’s begin this conversation by focusing on the fundamental aspect, i.e. by ‘Defining Blockchain.’

time-read
2 mins  |
April 2021
Impact Of Algorithms On Society
CIO Review

Impact Of Algorithms On Society

A common dystopian science fiction future is where the robots take over the world.

time-read
4 mins  |
March 2021
MULTIPLYING OPPORTUNITIES IN BIG DATA ANALYTICS
CIO Review

MULTIPLYING OPPORTUNITIES IN BIG DATA ANALYTICS

The advent of modern computer networks and the democratization of information has exponentially multiplied the amount of digital data being generated.

time-read
2 mins  |
March 2021
OMDENA
CIO Review

OMDENA

INTRODUCING NEW FRONTIERS OF PROBLEM SOLVING WITH AI

time-read
2 mins  |
March 2021