TORONTO--(BUSINESS WIRE)--Wisedocs, an artificial intelligence software platform for the insurance industry, announces today the launch of their new AI Medical Summary Platform. Wisedocs' AI Medical Summary Platform builds off their existing medical record review software. The new platform also further supports companies in the insurance ecosystem by allowing them to quickly summarize thousands of pages of medical records while gaining insights across documents to enable fast and inexpensive reviews of and decisions on medical records.
“We knew from the beginning of Wisedocs that Generative AI capabilities, paired with our in-depth understanding and professional history in the market, would be our key competitive edge to driving a successful AI medical summary platform,” notes Connor Atchison, Founder and CEO. “With Wisedocs, accurate and succinct summaries can now be generated from thousands of pages of medical records, automating the complex insurance process and creating a better and faster experience for the experts and claimants involved. We’ve built a platform with deep clinical knowledge that allows for true context understanding.”
Insurance carriers, legal firms, as well as third-party medical examiners and clinical staff will now be able to extract key clinical information in real-time and build meaningful customizable medical summaries from complex medical records. Key features include an interactive timeline view, summary templates, keyword and date filtering, and an interactive summary annotator. Firms will continue to have access to core Wisedocs features including deduplication, customized sort templates, PDF and Word outputs, as well as advanced editing abilities. They will also have the ability to execute fast search, indexing, insights, keywords, and summary generation on medical records for insurance cases. Wisedocs’ curated summaries aid in legal defense, medical evaluations, and insurance cases, while saving these teams and their claimants time and money.
“Our customers have been eager to onboard our new, state-of-the-art summary platform, stating that this will be a ‘game-changer’ in the industry,” says Jenna Earnshaw, Co-Founder and COO. “Their ability to save hours on generating summaries and insights into medical records will allow for simpler review of medical records and the ability to take on more cases, while shortening the process for all involved.”
Wisedocs’ existing and new customers who have tested and interacted with the new platform are already advocating for the innovative technology. This interactive summary tool builds off the summary offering Wisedocs has been providing to customers since the summer of 2022.
"Wisedocs has been at the forefront of technical change for the insurance and claims ecosystem and is well positioned to help partners benefit from the rise of new tools such as generative AI," comments Neil Peet, Partner at GreenSky Ventures and seed investor in Wisedocs. "The AI capabilities in their Summary Platform places Wisedocs well ahead of competition - and provides their insurance, legal, and healthcare customers the much-needed ability to intelligently automate their processes."
Wisedocs AI-Enabled Medical Summary Platform brings Change to Insurance Ecosystem
Wisedocs implemented state-of-the-art machine learning capabilities into their latest platform launch, which enables customers who process medical records to immediately generate a few-sentence summary in their notes, created by state-of-the-art machine learning, within the Wisedocs Medical Summary Platform. This type of software reshapes the future of claims.
Implementing our advanced artificial intelligence capabilities into the Wisedocs’ platform to support our customers with medical record summarization and document insights has been imperative to the success and fast adoption of the platform,” states Engineering Lead, Lisen Kaci. “Giving our customers the ability to automate the generation of summaries and gain insights using artificial intelligence is critical in moving the insurance ecosystem further towards automation and away from manual, laborious processes.”
Wisedocs will be adding more innovative features to the new AI Medical Summary Platform in the coming months to improve the claims review process for all parties involved in a medical review. WiseDocuments will allow users to create and share custom summaries, further improving the ability for medical records to be understood by various parties in the insurance process. Wisedocs will also be launching powerful proprietary offerings including allowing users to find answers on a claimant's medical care and history in a question and answer format.
Visit Wisedocs to learn more about the Medical Record Summary Platform and sign up for a demo today.
About Wisedocs
Wisedocs is the medical record review machine learning software platform for insurance carriers, healthcare providers, law firms, and TPAs to sort, review, and provide summaries and insights on medical records for the insurance industry. Wisedocs serves the auto, liability, disability, workers’ compensation, tort law, and similar markets. Wisedocs provides an easy-to-integrate solution for improved accuracy and speed to deliver improved outcomes in processing medical records. Wisedocs raised $4.1M USD in oversubscribed seed round in 2022.
