While many businesses are progressing to a digital future, the medical industry still seems stuck in the mud. While some progress has been made and there are incentives to digitize more medical information, many medical practices are still using paper forms and fax machines to communicate with other practices, payers and pharmacies.
OCR-based solutions are simply not equipped to process the endless variety of forms and medical records produced on a daily basis in the medical industry. This leaves many organizations stuck hiring people to transcribe data from these forms at a cost of millions of dollars every year. CloudFactory can help providers and payers alike automate and outsource that time consuming and costly work by building workflows to extract data points such as patient information, date of service, provider name and outcome from examination reports. Best of all we can do this securely in compliance with HIPAA regulations.