New York, NY -- (SBWIRE) -- 10/20/2016 -- Medicaid Genius, powered by Ocrolus, eliminates hours of labor. By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/18/2016 -- Medicaid Genius Powered by Ocrolus is a FinTech platform that eliminates the need to manually audit bank and credit statements. E-statements or scanned originals, photocopies and faxes - even with pen marks or coffee stains - are digitized with over 99% accuracy. All US financial institutions are supported. Summary statistics are automatically generated and a complete database of transactions can be instantaneously filtered by account, date, description, and dollar amount.

Clients access the platform through a cloud-based application or connect directly to their data via API integration. The system's patent-pending back-end combines Optical Character Recognition (OCR) transaction detection and crowdsourced data validation. Documents can be uploaded out-of-order and with any page orientation. Pertinent data is extracted from files and accuracy is verified. Values that cannot be automatically confirmed are snipped into small images and sent out to pre-qualified crowd workers for validation. The values are then sent into an algorithmic reconciliation process to make sure dates and dollar values sync with account balances.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/14/2016 -- Medicaid Genius Powered by Ocrolus is a FinTech platform that eliminates the need to manually audit bank and credit statements. E-statements or scanned originals, photocopies and faxes - even with pen marks or coff¬ee stains - are digitized with over 99% accuracy. All US financial institutions are supported. Summary statistics are automatically generated and a complete database of transactions can be instantaneously filtered by account, date, description, and dollar amount.

Clients access the platform through a cloud-based application or connect directly to their data via API integration. The system's patent-pending back-end combines Optical Character Recognition (OCR) transaction detection and crowdsourced data validation. Documents can be uploaded out-of-order and with any page orientation. Pertinent data is extracted from files and accuracy is verified. Values that cannot be automatically confirmed are snipped into small images and sent out to pre-qualified crowd workers for validation. The values are then sent into an algorithmic reconciliation process to make sure dates and dollar values sync with account balances.

Medicaid Genius Powered by Ocrolus

Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/13/2016 -- Medicaid Genius, powered by Ocrolus, allows customers to stop searching through bank statements by hand. Medicaid-Genius eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius (http://www.medicaid-genius.com), goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

By reading and analyzing financial statements, Medicaid-Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary Optical Character Recognition (OCR) transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/06/2016 -- Medicaid Genius, powered by Ocrolus, uses the same methods by banks and government to protect private information. Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/27/2016 -- Medicaid Genius, powered by Ocrolus, allows users to instantly transcribe noteworthy events onto a summary sheet. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/23/2016 -- Brian Cresta, Health Care Advisor for Ocrolus, was former presidential appointee at the US Department of Health and Human Services, and former member of the House of Representatives in Massachusetts. Cresta has worked for more than three decades at the intersection of government policy and healthcare with a focus on Medicaid, Medicare and the Affordable Care Act.

Cresta is currently principal of The Solutions Group, LLC, Boston, MA. Cresta currently serves on the Middleton, Massachusetts Board of Selectmen. He previously served as a member of the Massachusetts House of Representatives from 1995 to 2001 and as a member of the Wakefield, Massachusetts Board of Selectmen from 1991 to 1994. From 1998 to 2001 he was also the Chairman of the Massachusetts Republican Party. Cresta was elected in 1991 to the Wakefield Board of Selectmen. At the age of 21 he became the youngest Selectman ever elected in Wakefield's history.

About PerfectAudit
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/22/2016 -- Medicaid Genius, powered by Ocrolus, allows users to detect all significant cash and check transactions. By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/20/2016 -- Medicaid Genius, Powered by Ocrolus, eliminates hours of labor. By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/15/2016 -- Medicaid Genius, powered by Ocrolus, uses world-class security and encryption practices. Medicaid Genius, goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy.

E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

By reading and analyzing financial statements, Medicaid-Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage.

Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/13/2016 -- Medicaid Genius, Powered by Ocrolus, automatically finds all transactions of any defined value. By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy.

E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

About Medicaid Genius Powered by Ocrolus
Medicaid-Genius (http://www.medicaid-genius.com), goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/08/2016 -- Medicaid Genius, powered by Ocrolus, quickly and accurately identifies missing statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius (http://www.medicaid-genius.com), goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Customers Can Stop Searching through Bank Statements by Hand with Medicaid Genius Powered by Ocrolus

New York, NY -- (SBWIRE) -- 09/07/2016 -- Medicaid Genius, powered by Ocrolus, allows customers to stop searching through bank statements by hand. Medicaid-Genius eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius (http://www.medicaid-genius.com) goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

By reading and analyzing financial statements, Medicaid-Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Medicaid Genius Powered by Ocrolus Eliminates Need to Review Paper Documents

New York, NY -- (SBWIRE) -- 09/01/2016 -- Medicaid Genius, powered by Ocrolus, developed a solution which eliminates the need to review paper documents. Medicaid Genius eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius Powered by Ocrolus (http://www.medicaid-genius.com) can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/30/2016 -- Medicaid Genius, powered by Ocrolus, uses the same methods by banks and government to protect private information. Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy.

E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Medicaid Genius Powered by Ocrolus Allows Users to Instantly Transcribe Noteworthy Events onto Summary Sheet

New York, NY -- (SBWIRE) -- 08/25/2016 -- Medicaid Genius, powered by Ocrolus, allows users to instantly transcribe noteworthy events onto a summary sheet. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy.

E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/23/2016 -- Medicaid Genius, powered by Ocrolus, allows users to detect all significant cash and check transactions. By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage.

Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/18/2016 -- Medicaid Genius, powered by Ocrolus, eliminates hours of labor. By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy.

E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

Medicaid Genius goes to great lengths to protect clients' private information. Medicaid-Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP and the PCI Data Security Standard.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage.

Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/16/2016 -- Medicaid Genius, powered by Ocrolus goes to great lengths to protect clients' private information. Medicaid Genius uses world-class security and encryption practices. Medicaid Genius, goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy.

E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary Optical Character Recognition (OCR) transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage.

Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/11/2016 -- Medicaid Genius, powered by Ocrolus, uses world-class security and encryption practices. Medicaid Genius, goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy.

E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius, Powered by Ocrolus (http://www.medicaid-genius.com) eliminates the need to manually audit bank and credit statements. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

By reading and analyzing financial statements, Medicaid-Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary Optical Character Recognition (OCR) transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage. Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/09/2016 -- Medicaid Genius, powered by Ocrolus, automatically finds all transactions of any defined value. By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy.

E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

About Medicaid Genius Powered by Ocrolus
Medicaid-Genius (http://www.medicaid-genius.com), goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary Optical Character Recognition (OCR) transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage.

Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/04/2016 -- Medicaid Genius, powered by Ocrolus, quickly and accurately identifies missing statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

By reading and analyzing financial statements, Medicaid Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius (http://www.medicaid-genius.com) goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary Optical Character Recognition (OCR) transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage.

Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/02/2016 -- Medicaid Genius, powered by Ocrolus, allows customers to stop searching through bank statements by hand. Medicaid-Genius eliminates the need to manually audit bank and credit statements. The platform digitizes bank and credit card statements from all US financial institutions with over 99% accuracy. E-statements, originals, photocopies, faxes, and even documents with pen marks or coffee stains are all acceptable.

Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. The system allows users to quickly detect all significant transactions and attach explanation notes instantly transcribing noteworthy events into a concise summary sheet. Every transaction is linked via SNAPSHOT to its precise location on the source document.

About Medicaid Genius Powered by Ocrolus
Medicaid Genius (http://www.medicaid-genius.com), goes to great lengths to protect clients' private information. Medicaid Genius uses Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense to protect private information. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard.

By reading and analyzing financial statements, Medicaid-Genius quickly identifies significant transactions, a task that would otherwise require hours of labor. By making all transactions sortable and searchable by dollar amount, date range, and description, Medicaid-Genius gives users an unparalleled perspective on the applicant's financial history.

Ocrolus developed this extraordinary solution which eliminates the need to review paper documents. The key metrics in these cases are speed, cost, and accuracy, all of which are optimized by leveraging proprietary Optical Character Recognition (OCR) transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone and takes eight times the duration at triple the expense. By automating the most tedious portions of bank and credit card statement analysis, Medicaid-Genius allows for lean best-practice work product.

The Deficit Reduction Act of 2005 extended the Medicaid lookback period to five years, i.e. each long-term care applicant must submit 60 months' worth of financial statements. Due to time and manpower constraints, many states are unable to perform the federally mandated comprehensive 60-month financial audit. The cost of long-term care Medicaid is $10,000 per month, and the average long-term care Medicaid patient is enrolled for 2.5 years. Thus, one average long-term care Medicaid patient costs the government $300,000. With an increasing elderly population and influx of new applicants under the Affordable Care Act, the states are more overwhelmed with paper than ever.

Medicaid fraud is rampant and growing, and the only way to truly combat against it is to automate bank statement data analysis. If Medicaid-Genius unearths one fraudulent application for every 750,000 pages processed, the system has paid for itself.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. There are no additional fees; customers-pay only for actual usage.

Follow Medicaid Genius on Twitter at @MedicaidGenius or contact the company at contact@medicaid-genius.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm