Ft. Lauderdale, FL – Patriot Technology Solutions, Inc. (PatTech), a subsidiary of Patriot National, Inc. (NYSE: PN), recently announced that Missouri Employers Mutual (MEM), Missouri’s largest provider of workers’ compensations insurance, has chosen PatTech’s flagship platform, InsuranceExpert (IE), to replace and modernize its current technology systems.
Subject to final approval of definitive agreements, MEM plans to implement Patriot’s entire SaaS insurance value chain software suite, including: QuoteExpert, PolicyExpert, BillingExpert, ClaimsExpert, ReinsuranceExpert, Agency Portal, Customer/Policyholder Portal, Claimant Portal, Business Partner Portal, DecisionUR utilization review and InsurePay pay-as-you-go modules.
“We are proud to partner with MEM on this important technology initiative that replaces their current system and implements our entire value chain software suite, which is vital to customer service and cost containment in today’s competitive environment,” said Steven M. Mariano, CEO of Patriot National. “MEM is ranked among the best in the industry for its exceptional customer service and timely, personalized claims management, and their selection of IE underscores their commitment to adopt leading-edge technology to maximize policyholder value.”
“InsuranceExpert offers MEM and our policyholders, agents and other business partners a high level of efficiency, productivity and collaboration. We examined many potential solutions and found that this platform demonstrated the strongest work comp functionality with a highly configurable, truly integrated suite and single source of data across the platform. This will better position our company for even greater growth and help us bring safety to our policyholders,” said Jim Owen, MEM CEO.
“This is an important step in the commercialization of our industry leading, SaaS-based, fully integrated insurance value chain management platform. IE’s innovative architecture creates an unmatched value proposition through its overall ease of use and ability to rapidly implement changes that improve productivity at a lower initial investment and ongoing operating costs. We expect to capitalize on the large opportunity in the marketplace as other carriers take note of these value drivers,” said Sandeep Mehta, CTO of PatTech.
Source: Patriot National