NovaData Solutions
NovaData Solutions is a Philadelphia-based InsurTech company revolutionizing the auditing process of property restoration invoices with its proprietary AI/ML-powered platform called Rest-Assured®. The platform automates the identification of billing overcharges and errors, providing a fast, cost-effective, and neutral bill-review process that returns detailed audit reports within 48 hours. Serving insurance companies, MGAs, adjusting firms, TPAs, building consultants, and risk management professionals, NovaData's solution reduces financial leakage and inefficiencies inherent in manual auditing. In 2023, the company performed 345 audits for over 90 clients, auditing invoices totaling over $137 million and identifying nearly $39 million in billing anomalies. The business model is primarily SaaS with a turnkey service option including post-audit negotiation, positioning NovaData as a go-to service for restoration invoice review and audit in the insurance claims industry.
NovaData Solutions
NovaData Solutions is a Philadelphia-based InsurTech company revolutionizing the auditing process of property restoration invoices with its proprietary AI/ML-powered platform called Rest-Assured®. The platform automates the identification of billing overcharges and errors, providing a fast, cost-effective, and neutral bill-review process that returns detailed audit reports within 48 hours. Serving insurance companies, MGAs, adjusting firms, TPAs, building consultants, and risk management professionals, NovaData's solution reduces financial leakage and inefficiencies inherent in manual auditing. In 2023, the company performed 345 audits for over 90 clients, auditing invoices totaling over $137 million and identifying nearly $39 million in billing anomalies. The business model is primarily SaaS with a turnkey service option including post-audit negotiation, positioning NovaData as a go-to service for restoration invoice review and audit in the insurance claims industry.