Our Core Services

Healthcare Consulting

OSP’s team of experienced healthcare experts offers quality healthcare consulting services for providers and health plans. Our team includes experts on enterprise software platforms, US government programs, digital innovation, and business operations.

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Enterprise Applications

OSP is proficient and experienced in building robust enterprise applications to address your complex and sophisticated software needs and execute your digital transformation lifecycle. We have comprehensive customized tools to solve your healthcare challenge.

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Healthcare Solutions Enhancement

Optimizing the healthcare system is essential for better productivity and quality performance. OSP’s team of developers can enhance and upgrade the healthcare solutions in modules, security, or interoperability sections with new custom components.

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Dedicated Quality Assurance

OSP’s QA team can resolve the challenges of disrupted workflow and application safety. We offer assurance in product quality with multiple levels of quality testing, including usability, performance, localization, and security testing.

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Explore Insurance Claim Analytics

Medical claim analytics involves tonnes of paperwork and back-to-back communication. As a result, data analytics in the insurance sector and the diagnosis of claim outcomes can slow down. Predictive analysis can perform health claim analytics and identify claims having the potential for high-defense costs. Predictive analytics in insurance combined with health claim analytics can simplify insurance claims data processing.

 OSP can create predictive analytics in insurance analytics that would facilitate real-time sharing updates of claims. Our customized insurance analytics assess claims before sending them to the payer companies. We can help you predict the possibility of claim approval against the actual value claimed. Our custom predictive modeling compares factors associated with new and pending claims with those of past losses. In this way, testing historical claims data from diverse insurance provider companies produce an algorithm that predicts the possible claim approval value. OSP’s insurance claims data analytics yield accurate statistics of the generated claims that further assist the traders in decision-making. 

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The Health Insurance industry in the USA is expanding with different types of policies being offered to patients. Health insurance fraud is a major crime in the USA, which could have severe consequences. A health insurance fraud refers to a situation where an insured or medical service provider produces fraud, false or misleading information to the insurer to obtain benefits from a policyholder’s policy.

OSP can develop insurance analytics integrated with claim fraud analytics solutions for identifying fraudsters and their intention of inflating claims for personal benefits. Our custom insurance analytics solutions can predict potential fraud through a fraud detection algorithm, so necessary actions can be taken on time. We can streamline the process of fraud detection and provide risk alerts, thereby improving claim analytics in insurance. OSP can mitigate fraud detection challenges and help insurance companies in the US address concerns of fraud claims.

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The loss ratio in terms of claim analytics in insurance is a percentage that represents the ratio of losses incurred in claims and adjustment expenses relative to the premiums earned during the period. There are two main types of loss ratios in medical claim analytics: medical loss and commercial insurance loss ratios. The medical loss ratio means the ratio of healthcare claims paid to the premiums received. A commercial insurance loss ratio is meant for the insured, where the insured needs to maintain an adequate loss ratio, or else it costs a non-renewal of insurance or increased premium for the cover. 

OSP offers a wide range of healthcare business solutions, including insurance claims data processing. We can create insurance analytics to help calculate the losses incurred in claims. Insurance companies can estimate the losses or potential losses in their policies using our custom medical claim analytics. This will allow insurance providers to be in a better position of self-assessment. Based on the loss ratio analysis using OSP’s health insurance claims software, insurance companies can decide the premium cover costs. 

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Medical insurance claim companies have their data, policies, terms, conditions, market trends, and so on. If all this data is isolated within each company, each carrier can only view its portfolio. On the other hand, when carriers analyze market data, they can view their business concerning the market and gain new insights that earlier seemed impossible. A contributory database in insurance analytics means collecting health informatics supplied by insurance market members to a central repository that gets shared between the contributors. 

OSP can develop health insurance analytics with a contributory database that would add value to insurance companies by normalizing, standardizing, aggregating, and linking the market-contributed data with other information. In this way, carriers would derive revue growth and profitability, improve operational efficiency, come up with new concepts, and protect themselves against fraud. OSP’s customized claims data analysis can establish contributory databases that enhance insurance companies’ success and growth.

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Telematics in insurance analytics are methods for collecting information or data to offer personal feedback or cost savings on insurance policies. It provides rich data to support insurance companies in the medical insurance claim process or take the required actions. Insurance analytics software incorporating telematics can help fasten the processing of insurance claims, which is especially useful in emergencies that can save hundreds or even thousands of lives each year.  

OSP’s customized health insurance claims management software with telematics can give valuable insights and data on customers. Our claims analytics software with telematics consists of wireless communication, GPS, and other diagnostics that can help with real-time tracking of traffic conditions, risks, customer behavior, and lifestyle. We can develop insurance claims analytics software solutions integrating telematics to help insurance companies in the USA achieve better customer outcomes and improved operational efficiency. Insurance providers can also obtain an increase in revenue through OSP’s insurance claim data software. 

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Insurance companies in the USA resort to data management to handle risks, build trust, and empower learning. Health insurance analytics is prone to face changes and sudden difficulties. Healthcare claims analytics can deal with such challenging situations through interactive dashboards.

 OSP can create insurance claim analytics solutions that can facilitate digital transformation and data-driven works to improve operations, customer experiences, and risk management. Our custom insurance analytics allows insurance providers to use data in ways that support better claim management, fraud detection, and lead to increased customer satisfaction. Insurance companies can visualize all data analyzed and prepare reports easily using analytics for insurance designed by OSP. These would enable the companies in quick decision-making.

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