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Nodal is for insurance companies, self-insured employers, and third party administrators (TPAs) who would like to use predictive analytics to identify high-cost claims, benchmark medical costs, and more.
We tailor our solution to your needs. Our team tailor’s Nodal to your own claim and text data while leveraging Nodal’s database as support.
Unstructured data is information that has not been organized and arranged according to a pre-set data model. Nodal utilizes text mining and AI to extract under-utilized data from any claim-related text, such as adjuster notes, medical notes, and police reports.
We work with commercial lines such as workers’ compensation, auto liability, and general liability.
Artificial Intelligence (AI) refers to the ability of a computer to mimic human intelligence. AI has the ability to reason, discover meaning, or learn from past experience, giving it predictive qualities.
Our clients are seeing savings between three to ten percent in claims costs.
Nodal is a fully managed software-as-a-service solution. There is no need for your IT staff to install or manage software. We assemble data from unstructured sources, build predictive models using cutting-edge machine learning techniques, and implement with experienced claims consultants to ensure successful implementation and maximize ROI.
Our cross-discipline team of experts, including actuaries, data scientists, and claims professionals, continues to support you after implementation. We monitor model results, track ROI, and act as a resource for any additional needs.
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