Atlanta, GA – Ventiv Technology recently announced that the Alabama Self-Insured Worker’s Compensation Fund (The FUND), an Alabama-based workers’ compensation provider has upgraded to Ventiv’s software. The FUND completes the implementation of Ventiv’s administration suite of Ventiv Policy, Ventiv Billing, and Ventiv Claims this month.
“During a comprehensive review of the industry’s best RMIS providers, it was evident that Ventiv’s approach to managing risk, while allowing our adjusters to navigate the complex requirements of each claim, would ensure an improved process for our employees and members. We look forward to the streamlined workflow that Ventiv’s solutions will bring to The FUND,” said Freda Bacon The FUND’s administrator. “The time and cost savings will allow us to focus our efforts where it matters most, our customer services.”
In moving to Ventiv’s software solutions, The FUND will have access to increased functionality across its policy, billing and claims administration processes, resulting in improved efficiencies and cost savings. Ventiv clients realize an operational savings of up to 75 percent when producing insurance policies and certificates with Ventiv’s insurance policy admin software, and increased staff efficiencies can save more than 20 percent in related overhead costs, including policy costs.
“We’re thrilled that The FUND selected Ventiv to be its policy, claims and billing partner,” said Ventiv CEO Salil Donde. “Our extensive experience within the workers’ comp sector gives our team a specialized understanding of each of our customers’ unique needs and we look forward to supporting The FUND through our long-term relationship.”