Freedom Imaging Systems partners with Paradatec and introduces advanced OCR technology to FreeScan
August 2009, Ann Arbor, MI: Freedom Imaging Systems partners with Paradatec and introduces advanced OCR technology to FreeScan.
Paradatec was established in Germany over 20 years ago. In 1997, they developed a product called PROSAR-AIDA, a document classification and data extraction solution.
Freedom Imaging Systems has partnered with Paradatec to enhance RICAR’s scanning application, FreeScan, with the addition of Paradatec’s PROSAR-AIDA OCR (Optical Character Recognition) capabilities. The PROSAR recognition program uses artificial neural networks to read documents of any kind whether they are structured, non-structured or semi-structured. Using the AIDA analysis program (Artificial Intelligence for Document Analysis), data on scanned EOBs is extracted and processed. Documents containing line items, procedural charges and diagnostic codes are automatically extracted and added as indexes for the documents.
Freedom partnered with Paradatec to meet the needs of longtime customer Sonora Quest Laboratories. Sonora wanted to convert scanned EOBs into electronic 835/ERA files to enable more rapid processing using their Revenue Cycle Management software. With the combination of FreeScan and PROSAR-AIDA, the revenue cycle process is significantly reduced. At last report, the system achieves over 85% automation across all scanned documents, and Sonora performs the revenue cycle management process with 80% less labor than previously required.
The capabilities of FreeScan and PROSAR-AIDA are limitless. Extraction of an unlimited number of data fields is possible. For EOBs this means, payer number, data of service, patient name, patient number, procedure codes, reason codes, tax amounts or any other specific line detail. The return on investment is immediate and significant, as proven with its implementation at Sonora Quest.
For more information, please refer to Paradatec's Case Study on the Sonora Quest project at: www.paradatec.de/us/153.html.
Paradatec GmbH was established in Braunschweig, Germany in 1988. The company’s mission was to develop software for high performance pattern recognition – with a special focus on character recognition and analysis systems. In achieving this goal, Paradatec has established itself as both a pioneer and leader in the production of intelligent and flexible recognition software for freeform applications in the enterprise content management (ECM) marketplace.
For two decades, Paradatec has focused its skills towards delivering the most efficient, accurate, and flexible freeform document classification and data extraction solution available anywhere.
From our first implementation of PROSAR-AIDA in 1997 until present, they have been the pioneer and leader in this niche.
Paradatec’s business model is based on close collaboration with our certified systems integrators such as Freedom Imaging Systems. Their integrators often bring focused industry knowledge to particular vertical markets. These markets include: insurance, mortgage, banking, healthcare, retail sales, and many others.
For more information, visit Paradatec's website at www.paradatec.de/us/index.html.
Freedom Imaging Systems has been a pioneer in the field of document management since 1995. Evolving with the dynamic industry of enterprise content management, Freedom offers small and large businesses alike the tools they need to streamline their business processes. Freedom provides everything a business needs to collect, capture, store and manage data of any kind. In 1995, Freedom created the first version of RICAR (Record Image Capture And Retrieval), their breakthrough document management solution.
RICAR is fully scalable and is easily modified to fit the needs of any type of business. RICAR processes and manages documents ranging from employment applications to explanation of benefits records, for customers ranging from car dealerships to clinical laboratories. RICAR is a software system that can be utilized among many fields and across every department. RICAR also provides users with a complete audit trail making regulatory compliance effortless.
For additional information please contact:
Freedom Imaging Systems
Freedom Contact page