Paradatec

Imagine the ability to stick a stack of different kinds of paper documents into a scan feeder and have a technology not only classify but also extract OCR 'd data contained within the document. Better yet while it classifies and extracts data it also integrates to the Fortis document management system for storage at the same time it feeds another line of business application. Prosair Aida is the solution for the common capture woes that companies face when implementing document management.

In a nutshell Paradatec is an unstructured data capture product that can intelligently extract and classify documents using revolutionary artificial intelligence (AI) capabilities.

Paradatec's PROSAR-AIDA, seamlessly integrates with industry leading document capture platforms to deliver a Best-In-Class document and data capture solution. Through a select group of systems integrators and OEM partners, PROSAR-AIDA has been deployed in a variety of applications across all major industry verticals including: Healthcare, Insurance, Banking, Automotive and Retail. With nearly a decade of production use, PROSAR-AIDA has been proven to be a mature robust solution that can scale from thousands to hundreds of thousands of images per day, and deliver a substantial ROI.

PROSAR-AIDA reduces the need to manually sort any mix of unstructured Free Form documents, and classify them without the use of templates or Zone OCR. Through
sophisticated business rules it will easily classify your document type and extract and export key data fields. With our uniquely powerful table and line item reading functionality, we can interpret complicated layouts of tabular data found on documents such as Invoices and multi patient EOB’s. Customer benchmarks have demonstrated that our processing speed is significantly higher than any other Free Form technology, thus allowing same day processing of documents in high volume installations.

By improving the speed and efficiency at which a company captures and processes documents such as patient Explanation Of Benefits information, PROSAR-AIDA from Paradatec can produce measurable benefits at every level of the organization. The benefits resulting from PROSAR-AIDA encompass additional revenues as well as savings from reduced costs. The savings are real-real hard cost dollars from reducing an enormous data entry staff both on the payables and document management application side.

Hard-dollar benefits include:
Labor savings –

• Reduced need for data entry operators; document prep workers, sorters, etc.,
• Increased accuracy of data extracted from EOB’s reduces the time spent on error correction

Improved cash management –

• Faster payment postings and access to more accurate payment data, means increased control over billing and accounting processes, which leads to better overall cash flow management
• Faster, more accurate generation of critical payment data, expedites the process of Secondary Claim submissions

Rapid return on investment –

• In mid to high volume organizations, the payback on PROSAR-AIDA is less than a year.

Paradatec Data Sheet

Paradatec Power Point