Settlement Intelligence AI Medical Timeline
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What is the best AI medical chronology platform?
Medical chronologies help lawyers understand all of the injuries and treatment of personal injury clients in the most efficient way.
The choice of using an AI platform to create medical chronologies comes down to three main issues:
- Is the medical chronology as accurate or more accurate than one done by a legal nurse consultant or a law firm employee?
- Can the medical chronology be completed more quickly by the AI platform than a legal nurse consultant or law firm employee?
- Is it less expensive with the AI platform than with a legal nurse consultant or law firm employee?
Settlement Intelligence's founders come from the plaintiff personal injury field and know that each of these requirements are very important in handling each client's case. We know that even if an AI platform provides medical chronologies in a shorter time and lower costs, it isn't a viable option unless the medical timeline is highly accurate. Because for every "value driver" in a personal injury claim that is missed, your client is losing money in the settlement offer.
AI Medical Chronology Accuracy
For any law firm, health care entity or business using AI medical chronologies in personal injury cases, the resulting medical chronology must be highly accurate. This is something that other companies offering AI medical chronologies have not prioritized before launching their product. But, being first to market does not indicate the company provides data accuracy sufficient for use in legal cases or insurance claims.
The Settlement Intelligence AI Medical Timeline has been trained by doctors, plaintiff lawyers, and demand letter experts over the past two years to specifically look for factors of value in auto and premises liability cases - different information from what a legal nurse consultant may focus on given that they are not specifically trained to capture and report the data necessary for creating demand letters optimized for insurance claim software. We required our AI Medical Timelines to be highly accurate on personal injury claims before making the platform public. In the past several months internal testing of Settlement Intelligence's AI Medical Timeline platform is consistently delivering 97% accuracy, well above the quality of nearly all human record reviewers. Our AI Medical Timeline system has reached a level of accuracy that it will pick up ICD diagnostic codes that our best trained human reviewers miss. These diagnostic codes are primary in driving settlement offers, and so missing them will result in lower than optimal settlement offers.
Other technology companies just entering the legal profession are launching a "Minimum Viable Product" that is inaccurate and then training from an inaccurate platform on real client's legal cases. By contrast, the founders of Settlement Intelligence have been in the legal field for over 25 years, researching and writing on the topic of insurance claim software and demand letters for over 20 years. While tech companies believe that launching a "Minimum Viable Product" is acceptable in the legal profession, we do not.
Given that we came from the legal industry instead of investment banking, we know that using a "minimal viable product" on real people's claims is irresponsible because it compromises real people's lives and future. As a result, Settlement Intelligence properly trained its model and achieved industry leading accuracy before launching the product to lawyers.
AI Medical Chronology Speed
Depending upon the size of a client's medical records, the time for a legal nurse consultant or law firm staff member to create a medical timeline may vary from an hour to weeks. By contrast, Settlement Intelligence's AI medical chronology platform takes a fraction of that time. A very high percentage of cases will have a medical timeline done within minutes. Presently, larger cases may take up to an hour, but the result will be highly accurate timelines that will reduce the time from weeks of work of a legal nurse consultant, down to less than a day. For lawyers who have cases with a large number of medical records, this significantly cuts down on the time necessary to review records.
Since medical chronologies are the basis for a demand letter (or in some cases whether a law firm is going to accept a case), having a highly accurate medical timeline available the same day as you enter the medical records, significantly reduces the time necessary to go from client intake to settlement offer.
AI Medical Chronology Cost
Legal nurse consultants are highly trained professionals who can earn a substantial amount providing billable professional services. As a result, medical chronologies created by legal nurse consultants can be very expensive, particularly in cases with thousands of records. Instead of paying for days or weeks of work, using Settlement Intelligence's AI medical chronologies significantly reduces the cost by charging based upon the number of pages of analyzed records. The cost will be a fraction of hiring a legal nurse consultant.
Highly Accurate Medical Chronologies, more quickly and at a fraction of the cost.
Considering every factor of value in a medical chronology, Settlement Intelligence offers a highly accurate medical timeline that has been trained to find and report the factors of value in an insurance claim evaluation, faster and at a far lower cost.
Settlement Intelligence AI Medical Timeline will be available to Settlement Intelligence licensees first as the company starts its beta testing.
License Settlement Intelligence to get access to highly accurate AI Medical Timelines.