Equian Reduces Healthcare Claim Settlement Times by 50%
- Improved competitiveness with faster claims data analysis
- Reduced data load time from 3.5 days to 5 minutes.
- Reduced report run times by 20X, from 2 hours to 6 minutes
- Decreased AWS data consumption by 38%
- Cut claim settlement times by 50%, from 60 days to 30 days
Equian is in the business of improving patient care and reducing healthcare costs for all. Achieving its vision of ensuring the right party is paid the right amount at the right time throughout the payment spectrum requires analysis of all available data. Patient claim information is submitted in a variety of formats ranging from spreadsheets to faxes. All this data needs to be collated and loaded into their hybrid data warehouse that is on-premises and on AWS, with plans to add Azure.
Equian selected Actian technology for its security, unmatched performance, and reliable partnership. Equian’s healthcare claims data warehouse contains more than 3 billion claims that analysts can now query on an ad hoc basis. Equian uses Actian DataConnect and Data Flow technology to automate the refinement and movement of data into the Actian Avalanche Data Warehouse.
Equian was able to reduce data load times for onboarding new claims from days to minutes. No other technology came close to what Actian achieved. Actian was able to use all the existing hardware and Hadoop infrastructure Equian already had to improve time to value.
Watch Equian’s CIO, Rick Fitzgerald, speak about what he looks for in a technology partner to be data driven and how Actian helped them use their data securely and speedily and serve their customer well.