11/11/2024 | Press release | Archived content
*** Issued by Benjamin & Joseph***
Benjamin & Joseph, an innovator in making medical bills compliant and error-free, has joined the SAS Internet of Things (IoT) Partner Ecosystem. SAS is a global leader in data and AI. This collaboration aims to stem the tide of rapidly rising costs of healthcare around the world through the development and deployment of Sherlock™, a scalable, powerful and transparent AI-driven solution.
Addressing Global Healthcare Challenges
Errors in medical billing are a significant concern, as they lead to billions of dollars in preventable losses for healthcare providers and payers worldwide. Benjamin & Joseph, with its rich experience and deep understanding of medical billing, recognized these challenges and developed innovative and practical solutions to them.
Sherlock Now Powered by SAS
The partnership will initially focus on Sherlock, the next-generation medical bill review solution from Benjamin & Joseph. By leveraging SAS® Analytics for IoT and SAS Event Streaming Processing, Sherlock now adds advanced AI capabilities and streaming analytics, empowering both healthcare payers and providers.
Benjamin Tan, CEO at Benjamin & Joseph, stated: "We are thrilled to partner with SAS, a recognized leader in data and AI. This collaboration allows us to combine SAS' powerful IoT analytics and event stream processing with our innovative medical bill review technologies. With these AI-embedded technologies from SAS, Benjamin & Joseph can continuously enhance our proprietary medical bill item knowledge base. With each audit conducted, our knowledge base improves, resulting in higher quality audit outcomes.
"The SAS-powered solution will enable Benjamin & Joseph to help healthcare payers and providers around the world reduce errors and increase compliance in medical billing, leading to greater efficiency and accuracy, and reduced waste and costs."
Raymond Liau, Business Development Lead for SAS' IoT Division in the Asia-Pacific region, added: "The healthcare industry is undergoing a data revolution. Managing streams of high-velocity medical billing data requires innovative solutions. Our partnership with Benjamin & Joseph addresses this challenge. Sherlock now leverages SAS' cutting-edge capabilities in IoT analytics and AI, empowering healthcare organizations with immediate insights into their data. These insights result in proactive cost-management strategies and optimized financial performance."
Looking Forward: Transforming Healthcare Billing
Benjamin & Joseph believes this partnership with SAS represents a leap forward in the quest to rein in rapidly rising healthcare costs around the world. These rising costs are increasingly straining healthcare systems, payers and consumers. Sherlock empowers healthcare providers to streamline operations, improve financial well-being, and ultimately, contribute to a more efficient and cost-effective healthcare system.
Benjamin & Joseph is a leading provider of healthcare solutions, specializing in the development and implementation of innovative technologies that enhance the efficiency and accuracy of medical billing. Their expertise in medical billing and audit solutions has positioned them as a trusted partner for healthcare providers and payers.