Across industries, businesses face challenges when it comes to effectively leveraging data to drive growth and improve processes. This rings particularly true in the health insurance sector, where accurate and timely data analysis is crucial to success.
Sagebrush Health, a rapidly growing healthcare company, recognized the need for data transformation and turned to us at Alpha Advisors.
Before engaging with Alpha Advisors, Sagebrush Health encountered significant hurdles in managing their data analysis. Vladimir Abadjiev, from the data and analytics portion of the company, explained the core challenge. “We have a large amount of data collection to do from various Electronic Medical Record (EMR) systems,” he explained. Sagebrush Health’s expansion through acquisitions and partnerships meant dealing with multiple EMR systems, each generating reports with varying formats. Manually aligning and standardizing these reports was a time-consuming and error-prone task, wasting valuable resources.
At Alpha Advisors, we recognized the need for a comprehensive solution tailored to Sagebrush Health’s unique requirements. In Abadjiev’s own words, “Alpha Advisors built us a completely unique one-of-one customized solution for exactly what our business needed. It felt like we had hired a team of developers to build us an entire app.” The automation tool we developed for them streamlined the report generation process and ensured standardized outputs.
With a deep understanding of Sagebrush Health’s desired outcomes, the team employed their expertise and implemented a game-changing solution. Abadjiev elaborated on the automation process, “We click a button, and the tool performs a series of actions in real-time. It moves the mouse, opens Google Chrome, logs in using our credentials, pulls reports from multiple systems, renames and files them, and finally consolidates them into a neat final product.” The transparency of the automation allows users to witness the process unfolding on their screens, really visualizing the time-saving benefit to the automation.
Alpha Advisors built us a completely unique one-of-a-kind customized solution for exactly what our business needed. It felt like we had hired a team of developers to build us an entirely new app.Vladimir Abadjiev
What were the results of this new tool? The automation tool not only saved Abadjiev an hour or more of manual labor daily, but also eliminated the possibility of human errors. “As long as you set the parameters correctly, it will never make a mistake,” Abadjiev emphasized.
The impact on Sagebrush Health’s business growth was immediate. The timely and accurate reports enabled them to submit crucial data to Third-Party Administrators (TPAs) promptly. Abadjiev highlighted, “Without this automation, we wouldn’t be able to provide the pharmacies with the data they need, potentially costing us over $500,000 per month in lost revenue.” By automating data processing, Sagebrush Health has been able to capture revenue that would otherwise have been lost.
“I’ve never seen a company like theirs that can build a completely unique one-of-one customized solution for exactly what our business needed.” Unlike cookie-cutter automation companies, Alpha Advisors demonstrated unparalleled expertise in crafting a tailored solution that perfectly aligned with Sagebrush Health’s specific requirements.
Alpha Advisors and Sagebrush Health are now engaged in an exciting follow-up project that has the potential to further transform how insurance companies handle and utilize data. We will follow up on the blog when that project is further underway!