Ventiv Technology

Ventiv's Data Transformation Solution Insurance entities today want bigger and bigger data stacks, so they can perform more extensive analysis in support of business decisions. The data elements being captured and reviewed need to be much broader than ever, and the data quality has to be higher than ever, too. Ventiv has deep experience working with all types of data from all sorts of sources, whether claims, policies, exposures, medical bill review, legal matters, and more. Rely on us to get the accurate, comprehensive data sets you need on a dependable, regular basis. Ventiv's Data Transformation services: the four primary functions 1. Conversion is a major element of data transformation and refers to the ability to take large amounts of disparate data—be it from system changes, additional data-capture or reporting needs, mergers and acquisitions and other partnerships—and converting all that data into a format that's relevant to your needs. 2. Consolidation goes beyond conversion to make converted data relevant by putting it into a format that provides, for example, unit statistical reporting, policy erosions and the like. 3. Identifying data issues and anomalies within the converted and consolidated data and resolving them is crucially important. Ventiv works with you and any data providers or recipients, as appropriate, to understand, address and resolve any issues and anomalies. 4. Delivering the data to you or a designated third party is the final component. Based on the client's instructions, Ventiv delivers entire data sets or packages electronically, segmenting and delivering data to multiple recipients in a highly protected format. How you benefit Data capture and processing must be performed quickly and efficiently. Ventiv has a proven record of processing large volumes of data across many sources, on time and accurately. Even in the tightest timeframes, Ventiv works closely with data providers while identifying anomalies and recommending resolutions. We adhere closely to our clients' business rules and scenarios, all the while meeting their needs. Along the way, you benefit from: • Enhanced staff utilization. Maximize your limited staff resources and deploy your employees to do the things that will have the biggest impact on your business. • Improved data quality at a better cost. Achieving the necessary data quality internally is very expensive. Ventiv has the experience to deliver the necessary data-quality levels cost-efficiently. • A data foundation for descriptive, diagnostic, predictive and prescriptive analytics. Either through our RiskConsole solution or another system of your own choice, enable users to quickly and accurately analyze data and promote informed decision-making • Data scorecards. Evaluate the quality and integrity of data both received and supplied, which helps you best manage your relationships with external third- party data providers.

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