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Oct 7, 2019

Automation & digitization: how to win the digital prize in the insurance industry

Is there any industry more ready for a digital leap forward than insurance? The business is largely powered by vast and growing volumes of data and the timely, accurate execution of processes and workflows that today involve a lot of human hands.

Aug 30, 2019

Discover CECL lessons learned at AICPA conference

The long road to CECL adoption is nearing an end for many SEC filers. A majority of 2020 filers have already implemented CECL and many lessons have been learned.  SS&C Primatics will take you through the knowledge that’s been gained from CECL implementations and preview the road ahead at this September’s AICPA National Conference on Banks & Savings Institutions.

Aug 8, 2019

From hype to help: AI adds value to process automation

Process automation is critical to any organization's growth in today's rapidly evolving world of business. To achieve their goals, many companies are turning to emerging technology for help, most notably artificial intelligence (AI), machine learning and robotics.

Aug 7, 2019

Why NAIC is paying attention to CECL -- and so should insurers

Insurance companies may be unprepared for CECL, which is currently more top-of-mind for their banking counterparts (partly because banking regulatory reporting follows GAAP).

Jul 18, 2019

Assessing and addressing fraud - An SS&C Deliver Conference sneak peek!

Due to the increased volume of exposed personal records through cyber breaches, it’s much easier for bad actors to combine illegally-obtained information with data gleaned from social media and other web-based, public information sites.  Once armed, these actors have shown incredible creativity in their exploitation of this data to steal money from our organizations and our customers.  Given this information rich-environment, how bad is fraud, and can we stop it?

Jun 25, 2019

The growing burden of managing MACRA Value-Based Payment under the Merit Based Incentive Payments for Medicare Advantage

Effective January 1, 2019, Medicare Advantage Organizations (MAOs) are required to apply the Merit-Based Incentive Payment (MIPS) adjustment to claims for non-contracted providers. MIPS is one of two mandatory tracks under the Centers for Medicare and Medicaid Services (CMS) Quality Payment Program, which moves Medicare Part B providers to a performance-based payment system. The alternative track is payments made to an advanced alternative payment model (A-APM), which requires the A-APM to bear nominal financial risk.

Jun 11, 2019

Time to commit to reconciliation of your encounter data submissions

Your health plan’s encounter submission processes are in place with files getting submitted like clockwork, so you can sit back and relax, right? No! More than 80% of revenue for a typical Medicare Advantage (MA) health plan is risk-adjusted revenue, and if you aren’t continuously evaluating and reconciling encounter submission and response files, you could be missing out on millions of dollars in annual revenue.

Jun 7, 2019

That’s a wrap for IASA 2019!

Attendees at this year’s IASA conference were treated to a look into the future of insurance investment accounting and operations with SS&C Singularity. The Singularity team showcased AI and machine learning at a booth that not only presented demonstrations of the new product, but gave attendees an opportunity to step into the world of virtual reality.

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