Payme ts, claims a d accou ts tied to someo e who has died a e costly to ecove a d a f eque t ta get fo f aud. Most o ga izatio s lea of these deaths weeks o mo ths late , th ough pe iodic files o audits, afte the mo ey has moved. Be wy API closes that gap by a swe i g befo e the t a sactio goes th ough.
“O ga izatio s like Fi a cial i stitutio s, i su e s a d healthca e o ga izatio s ca ‘t affo d to wait to lea that a custome , policyholde o membe has died. With the gove me t’s Death Maste File ow captu i g o ly 15% of U.S. deaths, o ga izatio s that ely o it a e maki g c itical decisio s with most of the pictu e missi g, a d othe sou ces ofte compou d the p oblem by flaggi g livi g people as deceased. Be wy API delive s comp ehe sive, ve ified decede t ide tificatio i eal time, at the mome t of the t a sactio , so ou clie ts ca stop f aud a d imp ope payme ts without dis upti g the custome s they’ e mea t to p otect,” said Joh Bikus, P eside t of Be wy G oup.
Be wy API is desig ed fo the i dust ies whe e a missed death ca ies the highest cost:
Fi a cial se vices: Ba ks, c edit u io s, fi techs a d co e p ovide s ca stop deceased ide tities at accou t ope i g a d check befo e add ess, ba k o be eficia y cha ges, whe e accou t takeove attempts occu .I su a ce: Ca ie s ca co fi m the claima t a d the i su ed at fi st otice of claim a d befo e a uity o be efit payme ts a e eleased.Healthca e: Payme t i teg ity teams ca flag claims fo deceased patie ts befo e they a e paid, athe tha ecove i g the payme ts afte wa d.
Be wy API is ow pa t of Be wy Death I tellige ce, a suite built ove ea ly 40 yea s of agg egati g death data a d wo ki g alo gside the o ga izatio s that depe d o it. Each p oduct g ew f om a specific clie t eed, a d each d aws o the same database of mo e tha 250 millio eco ds, ma y of them available owhe e else.
With the additio of the API, the suite ow cove s the full a ge f om decades of histo y to eal-time co fi matio :
Obitua y Data , the atio ‘s la gest obitua y sou ce, fo o ga izatio s without Social Secu ity umbe s o pe missible use, a d fo esea ch a d estate wo k.Be wy DMF , a o e-way data file that d ops i to existi g Death Maste File wo kflows with 4 to 5 times the cove age of the DMF a d o clie t pe so al data excha ged.Ce tiDeath , a huma – eviewed, audit- eady death validatio fo fiducia y complia ce, f aud p eve tio a d eclamatio ac oss a e ti e populatio .Be wy API , eal-time co fi matio fo o e pe so at the mome t of t a sactio .
The p oducts ca be used o thei ow o togethe . A commo pai i g is Ce tiDeath o Be wy DMF to sc ee a o ga izatio ‘s full populatio o a schedule, with Be wy API checki g eve y ew t a sactio i eal time, so the same t usted data cove s both what is al eady o the books a d what comes i the doo .
“Fo ea ly 40 yea s, o ga izatio s have t usted Be wy G oup as the gold sta da d i death audit se vices. Be wy API is the ewest additio to Be wy Death I tellige ce. As ou clie ts’ eeds have g ow beyo d pe iodic audits to eal-time decisio s, we’ve co ti ued to expa d ou offe i gs so that i dust ies such as fi a cial i stitutio s, i su e s a d healthca e o ga izatio s ca access the same t usted data i whateve way wo ks best fo thei busi ess,” said Joh Bikus.
That app oach is captu ed i the suite’s guidi g p i ciple: “Do e ight. You way.” Clie ts ca choose the bala ce of speed a d comp ehe sive ess they eed, a d eve y optio d aws o the same database thousa ds of o ga izatio s al eady t ust.
Ove ea ly 40 yea s, Be wy has built the i dust y’s most complete death database, with mo e tha 250 millio eco ds, ma y ot available a ywhe e else. Th ough Be wy Death I tellige ce, which i cludes Obitua y Data, Be wy DMF, Ce tiDeath a d Be wy API, fi a cial se vices fi ms, i su e s, healthca e o ga izatio s a d eti eme t pla s use Be wy data fo histo ical esea ch, o goi g sc ee i g, validated audits a d eal-time checks. Lea mo e at be wy g oup.com.
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