Angeion Group, a frontrunner in class action settlement solutions, has joined forces with ClaimScore, a prominent provider of AI-driven claim validation software. Through this strategic partnership, AngeionAffirm, Angeion’s cutting-edge fraud detection system, will be fortified with ClaimScore’s proprietary scoring, monitoring, and reporting software.
AngeionAffirm, developed by Angeion Group, leverages deep machine learning and AI technologies to extract valuable insights from ten years’ worth of claims data. ClaimScore, on the other hand, utilizes AI-based algorithms and sophisticated cloud architecture to deliver real-time claim validation using its proprietary scoring system. The collaboration between AngeionAffirm and ClaimScore will be facilitated by ClaimScore’s recently released API. With their combined expertise in fraud detection and the integration of Angeion’s claims data with ClaimScore’s state-of-the-art software architecture, class action settlements will witness a significant advancement in combatting fraudulent activities.
This strategic partnership between Angeion and ClaimScore was solidified during their joint effort to identify fraud in the case of Jimenez v. Artsana USA, Inc. Upon meticulous review, approximately 8.9 million fraudulent claims were detected out of 9 million claims filed. The successful collaboration between ClaimScore and Angeion resulted in substantial cost savings for the settlement process, ensuring that only valid claimants receive their rightful share of the settlement’s proceeds.
Christopher Chorba of Gibson Dunn, a renowned defense counsel in large-scale class actions, commended the partnership between Angeion and ClaimScore, highlighting their expertise in addressing technological fraud prevalent in recent cases. The combined technologies provided by these two companies, according to Chorba, will offer next-level claim validation and anti-fraud services, making it a recommendation for future cases.
Prominent plaintiff’s counsel Charles Schaffer of Levin Sedran and Berman, LLP praised Angeion Group and AngeionAffirm for their instrumental role in identifying and rectifying fraudulent filings in various settlements. Schaffer acknowledged their unrivaled technology, historical claims data, and ability to uncover fraud, expressing excitement about how this strategic partnership would further enhance their exceptional product offering.
The CEO and President of Angeion Group, Steven Weisbrot, expressed optimism about the partnership, emphasizing its commitment to combating fraud while increasing the efficiency and effectiveness of fraud detection efforts. Robert Gallo, CEO of ClaimScore, echoed these sentiments, emphasizing Angeion Group’s leadership in the class action administration business and their proud selection of ClaimScore’s software to provide an efficient and transparent solution to the growing problem of fraud in class settlements.
With this revolutionary partnership, Angeion Group and ClaimScore are set to revolutionize fraud detection in class action settlements, providing better protection for claimants and ensuring the integrity of the settlement process.
Frequently Asked Questions (FAQ)
1. Who has Angeion Group partnered with to enhance its fraud detection system?
Angeion Group has partnered with ClaimScore, a leading provider of AI-driven claim validation software, to strengthen its fraud detection system.
2. What is AngeionAffirm and what technologies does it use?
AngeionAffirm, developed by Angeion Group, is a cutting-edge fraud detection system that utilizes deep machine learning and AI technologies to extract valuable insights from ten years’ worth of claims data.
3. What does ClaimScore’s software offer for real-time claim validation?
ClaimScore’s software utilizes AI-based algorithms and sophisticated cloud architecture to provide real-time claim validation using its proprietary scoring system.
4. How will the partnership between AngeionAffirm and ClaimScore advance combatting fraudulent activities?
By integrating Angeion’s claims data with ClaimScore’s state-of-the-art software architecture, the partnership will significantly advance fraud detection in class action settlements.
5. How many fraudulent claims were detected in the Jimenez v. Artsana USA, Inc. case?
Approximately 8.9 million fraudulent claims were detected out of 9 million claims filed in the Jimenez v. Artsana USA, Inc. case through the collaboration between ClaimScore and Angeion.
6. What benefits did the partnership bring to the settlement process?
The successful collaboration between ClaimScore and Angeion resulted in substantial cost savings for the settlement process, ensuring that only valid claimants receive their rightful share of the settlement’s proceeds.
7. Who commended the partnership between Angeion and ClaimScore?
Christopher Chorba of Gibson Dunn, a renowned defense counsel in large-scale class actions, commended the partnership for addressing technological fraud, offering next-level claim validation and anti-fraud services.
8. Who praised Angeion Group and AngeionAffirm for identifying fraudulent filings?
Prominent plaintiff’s counsel Charles Schaffer of Levin Sedran and Berman, LLP praised Angeion Group and AngeionAffirm for their instrumental role in identifying and rectifying fraudulent filings in various settlements.
9. What did the CEO of Angeion Group highlight about the partnership?
Steven Weisbrot, the CEO and President of Angeion Group, expressed optimism about the partnership’s commitment to combating fraud and increasing the efficiency and effectiveness of fraud detection efforts.
10. How will the partnership revolutionize fraud detection in class action settlements?
The revolutionary partnership between Angeion Group and ClaimScore will provide better protection for claimants and ensure the integrity of the settlement process by revolutionizing fraud detection in class action settlements.
Definitions:
1. Angeion Group: A frontrunner in class action settlement solutions, providing expertise in fraud detection and claim administration.
2. ClaimScore: A prominent provider of AI-driven claim validation software, offering real-time claim validation through its proprietary scoring system.
3. AngeionAffirm: A cutting-edge fraud detection system developed by Angeion Group that leverages deep machine learning and AI technologies to extract insights from claims data.
Related Links:
1. Angeion Group
2. ClaimScore
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