insuranceciooutlook
19OCTOBER 2022best outcome. Treatment on the other hand examines the medical phase of a claim, delivering clear information regarding the best providers to handle an injury; what type of future care might be involved, such as surgery or physical therapy; which specialists have the greatest success with a particular type of injury; and more. CLARA always works to head off attorneys involved early in the life of a claim, however, if this does not happen, and litigation becomes unavoidable, their Litigation solution can be of service. CLARA Litigation applies AI to solve the two biggest issues: finding the right attorney to litigate a claim and determine a fair settlement. The company's latest version of CLARA Litigation analyzes even more characteristics associated with both the claimant's attorney and the claim itself to identify the right lawyer for the carrier to resolve the claim favorably. Finally, CLARA MSP Compliance reduces a Medicare-required process of estimating future medical costs from three to four weeks down to just minutes. CLARAs technology analyzes medical records that are thousands of pages long, pulling out all relevant data and rapidly, accurately calculating cost estimates based on similar cases. Its technology compares dozens of factors that have been proven to influence costs and care. CLARA Optics, the newest solution, uses natural language processing and OCR scanning to capture insights from unstructured data on medical bills and records. Each of these solutions was developed by the vision and leadership of CLARA's chief leadership. "With its wide range of solutions, CLARA has successfully managed to establish strong customer partnerships over the years that have driven our product roadmap. Magic happens when customer demand and our innovative team come together." mentions Tyler Jones, the Chief Customer & Marketing Officer. Jones has been implementing analytics and digital experiences in the insurance sectors for years and is focused upskilling Clara's marketing and customer success operations. Tom Warden, the Chief Insurance & Science Officer at CLARA, has leveraged his immense experience in basic research functions for data science to manage their data science team. Rick Rosenthal, Chief Financial Officer at CLARA, provides his extensive know-how in spanning investment banking, asset management, and corporate finance with high-end technology and is now managing the financial functionalities at Clara. Gabe Cossio, the Vice President of Sales delivers his in-depth knowledge of the go-to-market strategy execution and customer success in managing the sales activities in Clara. "CLARA offers light IT applications which are user-friendly for our customers. By the end of this year, we are planning to integrate with one of our largest clients' core systems," Rick mentions. CLARA has been successful in saving the indemnity and medical expenses of many of its customers over the years which has helped it maintain its strong bond with its existing customers and build new clientele as well. The leadership team in CLARA Analytics combines their extensive insurance backgrounds with advanced AI technology to deliver leading commercial claims solutions proven to lower loss costs and claim expenses
< Page 9 | Page 11 >