Health insurance

Neurocern Demonstrates $ 370 Million in Medicare and Medicare Savings Using Artificial Intelligence and Data Analytics Targeting Alzheimer’s Drug Eligibility | Illinois


CHICAGO – (BUSINESS WIRE) – December 8, 2021–

Neurocern today announced savings of $ 370 million over five years by leveraging artificial intelligence (AI) and neuroinformatics to guide patients to the right treatment for Alzheimer’s disease at the right time.

As new modifying treatments for Alzheimer’s disease continue to emerge, Medicare and private health insurance plans need data-driven methods to screen, identify, and guide patients to appropriate treatment pathways.

Using insurance claims and population health data, Neurocern’s AI engine was able to identify patients eligible for new Alzheimer’s disease treatments more accurately than a general practitioner. This data-driven approach reduced diagnostic time by notifying and directing patients to the best route of treatment based on the indications of US Food and Drug Administration labels, a triage process that would allow insurers save over $ 370 million over five years in claims costs.

“AI has the ability to identify and get patients to treatment faster, resulting in better clinical outcomes and significant financial savings for Medicare, private health insurers, and the consumer,” said Dr Anitha Rao, Founder of Neurocern and Board Certified Neurologist. .

The results of the study, “Bridging the gap between medicine and insurance: How to harness data, artificial intelligence and neuroinformatics for insurance and financial risk management,” were published in the issue November 2021 from the CAPCO Institute Journal of Financial Transformation, an award-winning publication accredited by the American Economic Association. Neurocern presented similar independently validated results from a real-world pilot project with Fortune 500 insurance companies at the Alzheimer’s Association International Conference.

“The ability to generate information from AI to deliver appropriate and cost-effective cognitive healthcare is urgently needed, given the shortage of trained subspecialists amid a growing number of patients who need them. Expert systems powered by semantically standardized, comprehensive and timely clinical data could revolutionize neurocognitive care while reducing costs, ”said co-author Dr Paulo Pinho. Dr Pinho is Medical Director of Innovation at Diameter Health, a healthcare technology company that standardizes and enriches clinical data for data-driven use cases in medicare and healthcare. life insurance, among other sectors.

About Neurocern

Neurocern is a minority physician-founded, veteran-owned AI and neuroinformatics company that uses clinical analysis to calculate data from multiple structured sources, including electronic health records, prescription data, and insurance claims data for clinical and financial information.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211208005139/en/

CONTACT: Liz Kennedy

liz@neurocern.com

KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE RESEARCH GENERAL HEALTH PROFESSIONAL SERVICES DATA MANAGEMENT CONSUMER TECHNOLOGY SCIENCE INSURANCE MANAGEMENT OF SENIORS ‘PRACTICES OTHER HEALTH TECHNOLOGIES

SOURCE: Neurocerne

Copyright Business Wire 2021.

PUB: 08/12/21 09: 00 / DISC: 08/12/21 09:03

http://www.businesswire.com/news/home/20211208005139/en

Copyright Business Wire 2021.