July 5, 2007
Healthcare Informatics and Apollo Data Technologies
For example, we wouldn't touch a claim that was under a certain "low water" mark because the human cost of analyzing that claim didn't make it economically feasible. The approach with Apollo's technology would have been to automate the solution making the entirety of the then 9TB data store "actionable", in addition setting ourselves up to be leading the market in offering a pre-pay solution to Payers using predictive analytics whereby we could analyze a single claims "data fingerprint" and yield a probability, nearly instantaneous, that a claim should or should not be paid, and save the entire post-payment adjudication and recovery process.
Keep an eye on these guys. I really think this is the future of solving a lot of healthcare's bloat. We'll see.