Novo AI's Solution Boosts APRIL International's Efficiency by 400%

SINGAPORE, Nov. 25, 2024 /PRNewswire/ -- In just a few months, Novo AI's advanced solution has elevated APRIL International's performance across Thailand, Vietnam, Hong Kong, and Singapore, achieving more than three fold increase in efficiency and setting new benchmarks in private medical insurance. What was once a slow, costly process is now faster, more profitable, and delivers happier customers. Here's what happened.

Pressing Challenges Undermining the Profitability of the Insurance Sector

As a leading provider in the private medical insurance sector, APRIL International faces the ongoing challenge of managing vast volumes of complex medical claims. The high influx of non-standard documents requires extensive manpower to interpret and validate unstructured data, contributing to inefficiencies and high operational costs.

Additionally, regional fraud and abuse levels range between 15%-35% from country to country, making it crucial for a company like APRIL International to identify a solution that captures fraud and abuse at scale, enhances efficiency and bolsters profitability.

Old Problems Require New Solutions

Facing a growing challenge, APRIL International was looking for a solution aimed at eliminating critical operational inefficiencies. One of their top priorities was to streamline document ingestion and management for healthcare claims, enabling real-time detection of inconsistencies across claims, providers and practitioner data. Crucially, this solution needed unwavering accuracy across 100% of claims and rapid deployment.

The answer came from Novo AI. Their advanced solution generated a 230% boost in productivity and a 400% lift in efficiency for APRIL International. Tasks that once took 10 days now require only 2, with the system surpassing human accuracy in processing not only digital data, but also handwriting and stamps.

Novo AI's CEO highlights, "Our solution delivers high accuracy claim-handling from day one and can adapt to specific business requirements without retraining. We streamline claim processing and fraud detection independently of policy writing, resulting in faster claim management. A faster claim process means happier customers for APRIL International, and in return, for Novo AI as well."

APRIL International's CEO remarks: "Insurance involves processing vast amounts of data daily. Novo AI has allowed us to significantly accelerate our claims processing and detect fraud and abuse, enabling us to reduce unnecessary expenses and improve loss ratios across the region. We're excited by further developments who will help us optimize further for an improved customer experience and profitability."

This success marks a pivotal innovation in insurance, setting new industry standards. In its early stages of widespread adoption, Novo AI is already gearing up to deliver even more groundbreaking GenAI solutions.

For more info: partnerships@heynovo.ai 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Novo AI's Solution Boosts APRIL International's Efficiency by 400%

Mega Hopper Maximizes Convenience with Easy Assembly and Cleaning

High-Quality, Pulp-Free Juicing Performance Praised

SEOUL, South Korea, Nov. 25, 2024 /PRNewswire/ -- Hurom's flagship H400 juicer has been awarded Best Kitchen Product of the Year by Forbes as part of the 2024 Forbes Vetted Best Product Awards.

Each year, Forbes selects top products across nine categories—including kitchen, beauty, fashion, tech, and travel—using rigorous criteria such as quality, value, user convenience based on hands-on testing, and customer reviews. This year's award-winning products all received high marks for their exceptional quality, innovative technology, and high consumer satisfaction.

The Hurom H400 juicer stood out for its impressive performance, user-friendly design, and elegant look, securing its position as the top kitchen product for 2024.

Featuring low-speed extraction technology, the H400 maintains the nutrients in fruits and vegetables, enhancing juice quality. By minimizing heat during extraction, it allows consumers to fully retain and enjoy the nutrients found in fruits and vegetables, while preventing oxidation for a fresher taste. With its powerful juicing capability, Forbes noted that the H400 delivers smooth, pulp-free juice with rich flavor.

The innovative Mega Hopper also lets users place whole fruits and vegetables directly into the juicer, where they are automatically cut, reducing prep time. Designed for simplicity from assembly to cleaning, the H400's convenience features contributed significantly to its high ratings in the Forbes evaluation.

With a sleek, modern design that complements kitchen decor, the Hurom H400 also includes a built-in puree cup that collects pulp during juicing, maximizing space efficiency and earning positive design feedback.

Jaewon Kim, CEO of Hurom, shared, "We are honored to see the Hurom H400's quality recognized internationally. Hurom will continue to bring innovative, user-centered products to consumers around the world, promoting the value of health and wellness."

Earlier in February, the Hurom H400 received praise from Forbes as the Best Juicer for its low-speed extraction technology and user-friendly features. Additionally, in 2023, the Hurom H200 earned the title of Best Juicer Overall from Forbes, recognized for its exceptional ease of use.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Hurom H400 Named Best Kitchen Product of 2024 by Forbes