Healthcare - Payer


Market volatility and the soaring costs of new customer acquisition means that healthcare payers must find more effective ways to serve existing customers and reduce costs without sacrificing quality care. Genpact has been helping healthcare payers adapt quickly to market change, accurately and cost-effectively process large volumes of data, reduce fraud, and drive customer satisfaction and retention through superior service. We call these organizations, intelligent enterprises.

Genpact helps payers become more intelligent through processes that produce greater effectiveness end to end. Our market-leading combination of smarter processes, technologies, and analytics produce measurably greater effectiveness, to prevent departmental bottlenecks and provide fast, accurate transactions. Your customers experience speedy, caring service that significantly boosts satisfaction and retention for long-term bottom-line impact.

In addition, we are uniquely suited to combat the fraud that is an ever-present and growing concern for payers. Genpact’s experienced global healthcare team manages the life cycle of a claim from investigation to appeals, recoupment and recovery, freeing you to focus on your business goals. And our collaborative approach combines our process expertise with your specialized knowledge of your own business to provide highly customized solutions that get to the heart of your unique business needs.

Genpact Healthcare Payer solutions are founded on our long Six Sigma heritage, which dates from our beginnings as a captive of GE. We power the intelligent enterprises worldwide through a combination of process, analytics and technology. These three pillars form the foundation of our solution, delivering bottom-line benefits such as increased revenue through enhanced customer loyalty, improved regulatory compliance, and intelligently managed costs.

Process
Our Smart Enterprise Processes (SEPSM) framework produces results that are, on average, 2-4 times greater than a mere focus on cost containment. SEPSM uses granular data analysis, sophisticated diagnostics, and cross-functional benchmarks-backed by the largest pool of Six Sigma-trained staff in the industry-to break down organizational silos and improve process effectiveness.

Analytics
The second pillar of our solution, analytics, helps payers make the right decisions at the right time by accessing and interpreting data effectively. Genpact's Smart Decision Services give you access to the world's largest team of analytics specialists. Using sophisticated models and strong analytic tools, these experts help you improve everything from basic reporting and research to advanced predictive modeling that helps you spot market trends and reduce fraud. Industry-specific analytics support process optimization as well as product development based on customer expectations and observed trends.

Technology
Our "smart" processes take your operation beyond efficient to effective, producing best-in-class results that achieve greater process accuracy at lower cost. In addition, we believe that technology is an enabler, not a driver, of productivity. The technologies we recommend to our clients support better processes rather than constitute a separate solution, ensuring a higher return on investment.

Genpact provides multi-shore Healthcare Payer solutions with a team of talented experts that includes nurses, certified clinical coders, physicians, statisticians and healthcare analysts experienced in over 30 healthcare information systems. They work side by side with your staff to help you reengineer and manage key processes, from claims management to finance and accounting.

Our services include:

Membership Management: Smarter processes create loyal customers

Genpact manages all aspects of member care, including enrollment, eligibility, premiums and policy maintenance. Multiple delivery centers save you money by operating close to your customers and responding to them via multiple channels in their own language. We proactively reduce the number of calls by analyzing customer behavior and focusing on predicting and resolving the customer’s issue on the first call. This in turn increases customer satisfaction and enhances long-term retention and loyalty.

Claims Management: Driving down fraud and abuse, driving up efficiency

Inefficiency and fraud cost payers billions every year…. Genpact’s solution sharply reduces both. Using our proven SEPSM framework, we focus on eliminating the inefficiencies that lead to errors in claims processing. By applying tighter controls, “smarter” processes, and 12 years of experience with handling 3.5 million claims activities per year, we ensure that documentation is complete, accurate and handled in the most cost-effective manner. Our Special Investigation Unit (SIU) saves payers millions each year by identifying aberrant billing behaviors; pursuing suspicious activities by both members and providers; and managing claims throughout their life cycle to effectively route out the potential for fraud, abuse and overpayments as well as erroneously paid claims.

Clinical Services: Ensuring your data is accurate, secure, and compliant

Payers need to protect sensitive data and ensure member security while meeting stringent standards for accuracy and privacy. Genpact drives accuracy and provides secure, effective access to data through a robust governance framework. Our Clinical Services include quality assurance and testing protocols and ICD-10 training initiatives as well as medical chart reviews to ensure accurate documentation. We also provide consolidation of medical records and data for underwriter review. Our goal is to save you time and money as well as to accurately identify missed and at-risk revenue to boost your bottom line

Provider Management: Optimizing your productivity

Your time is valuable. We help you make more of it with provider management services that take the burden of day-to-day activities off your staff and drive down costs. Genpact Provider Management includes database management, provider credentialing, and contracting services including pricing, maintenance and configuration. We provide the analytical insights payers need to negotiate fair and accurate rates with providers, ensuring superior care at fair prices.

A major healthcare payer needed to improve its fraud detection capabilities and reduce revenue leakage caused by its existing vendor engine. In collaboration with the client, Genpact designed a statistical fraud detection model capable of reviewing one million claims per day and spotting potentially aberrant claims. It resulted in over $70MM in savings by dynamically identifying and flagging outlying providers, and creating an easily customized model compatible with various claims platforms.

Genpact is a Major Sponsor at AHIP Institute 2013, Las Vegas, NV
June 12-14, 2013, Las Vegas, NV

visit: http://www.ahip.org/conferences/institute2013/