RALEIGH, N.C., Oct. 20, 2008 (GLOBE NEWSWIRE) -- MJM, Inc., the global leader in insurance fraud mitigation and claims investigative services, announced today that it has entered into a joint partnership with enherent Corp., an Information Technology Consulting Services provider, to deliver fraud detection solutions using text analytics technology for the insurance industry.
Text analytics delivers considerable business insight and value by automating the analysis of text and its integration with traditional forms of structured data. It significantly reduces the amount of time analysts spend searching, reading and organizing, allowing them to spend more time analyzing and collaborating on the results of their analysis.
enherent will contribute its text analytics expertise, while MJM brings considerable industry expertise. enherent uses text analytics software to rapidly deliver high ROI solutions for fraud detection. The solutions are targeted at a number of insurance industry segments including workers' compensation, property and casualty (P&C) and health care.
"We're very excited to offer our clients a solution that detects fraud with improved accuracy -- faster and earlier in the claim process," said Michael J. Malone, President of MJM. "Our clients will realize business value in weeks instead of months, with significant bottom line impact."
"Two of our solutions' key differentiators are 'analyst enablement' and ease of data gathering. Our customers experience minimal impact on the IT organization and infrastructure," explained Pamela Fredette, Chairman and CEO of enherent. "Rapid ROI in the form of improved claim severity and frequency, timeliness of claim handling, and reduced administration costs is delivered by accelerating analyst productivity."
About MJM, Inc.
MJM Inc., headquartered in Raleigh, N.C., is the international leader in providing a wide variety of investigative products and services to insurance carriers, self-insured corporations and third-party administrators. MJM provides quality field investigations, comprehensive SIU programs, strategic anti-fraud planning, innovative educational courses, integrated Internet-based technologies and professional consulting services. For more information, visit www.mjminc.com.
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About enherent
enherent is an IT consulting services firm delivering advanced analytics & collaboration, enterprise content management and infrastructure solutions to enterprise and mid-market organizations. Our solutions enable clients to create, contribute, understand and transform structured and unstructured data into actionable intelligence to enhance decision making and innovation that create competitive advantage.