In today’s world, technology is advancing at a rapid pace across most, if not all, industries. The field of healthcare is no different and perhaps is one of those industries with some of the most rapidly developing technology. Closely tied in with the healthcare industry are insurance companies that administer both workers’ compensation and automobile
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Administering claims that involve injured claimants requiring the use of durable medical equipment, prosthetics, orthotics and medical supplies (DMEPOS) or pharmacy services can quickly become complicated and costly. Catastrophic injuries often carry even more complexities that, if not managed efficiently, may significantly drive up the cost of claims for your insurance company. Partnering with a
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Throughout the claims administration process, there are myriad data points to track and measure. This wealth of data can feel overwhelming to insurance companies administering workers’ compensation and automobile no-fault claims simply because of the increasing amount of information. However, this same wealth of data can help your insurance company reduce claims costs when used
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Insurance adjusters and examiners are immersed in claims every single day and are responsible for ensuring that all claimants are indemnified. This can involve everything from claimant phone calls to paperwork and checking into invoices from providers to ensure injury relatedness. These tasks and more are all critical to the claims administration process. Equally critical
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All claims administered by insurance companies involve complexities in terms of administrative processes. The invoices from providers are no exception and can often involve some intricate situations depending on the severity and nature of a claimant’s injuries. More often than not, the billing procedures used by providers can be rather unclear and can even lead
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