Chicago, IL – Origami Risk recently announced it has packaged its popular online workers’ compensation claims administration solutions into a standard offering to help insurance carriers, third party administrators (TPAs), risk pools and managing general agents (MGAs) leverage built-in best practices, accelerate implementation timelines, and reduce related costs.
“As the largest segment of the U.S. casualty insurance market, workers’ compensation continues to draw widespread interest and investment from all sectors of the insurance industry, including established multiline carriers, newly formed specialty MGAs and risk pools,” said Christopher Bennett, president, Core Solutions division of Origami Risk. “Nonetheless, effective claims administration can not only make or break the line’s profitability, but the effective application of automation, data/analytics and other solutions can deliver added value to customers and strengthen these relationships.
“Over the years, we’ve worked with hundreds of insureds, self-insurers, pools, TPAs and carriers on their claims portfolios, and applied our experience to build best-practice solutions into our packaged offering, which provides a solid framework for robust workers’ compensation claims administration,” he continued.
Drawing on the accumulated knowledge and best practices derived from more than three million claims managed on its platform, Origami’s standard workers’ compensation claims administration package includes the following tools and resources:
- A full suite of workers’ compensation claims administration solutions with built-in compliance tools, including electronic data interface (EDI) FROI/SROI submissions, indemnity benefits calculator, and electronic forms for all states and jurisdictions.
- Streamlined claims process workflows for key functions and individuals, such as claims managers, adjusters, third party administrators, and attorneys.
- Analytics and claims reporting capabilities embedded into workflows and available on-demand.
- Extensive library of standard integrations, including data conversions, medical bill review vendors, carrier extracts, and financial/accounting tools.
Configured for fast and efficient implementation, ready integration with existing technology infrastructures and easy administration, Origami’s standard workers’ compensation claims administration package can be enhanced with a wide range of tailored features, such as agent/broker portals and insured interfaces. All tools and resources can be enhanced and configured by type of enterprise and size and scope of claims portfolio. The package, which is supported with detailed documentation and backed by Origami’s team of experienced service professionals, will also incorporate rates, rules, forms, and integration with NCCI.
Source: Origami Risk