The automated settlement of insurance requests represents a streamlined process where submitted documentation is reviewed and a determination for payment is made by a computer system, minimizing human intervention. For instance, if a patient undergoes a standard medical procedure covered under their insurance policy, the related billing information can be processed rapidly and payment approved without requiring manual evaluation by a claims examiner.
This methodology provides numerous advantages, including faster processing times, reduced administrative expenses, and improved accuracy due to the elimination of potential human errors. Historically, this function was performed manually, often leading to delays and inconsistencies. The introduction of automated systems has significantly enhanced efficiency and cost-effectiveness in the insurance industry.
