The earlier an organization can determine the need to closely monitor a claim, the greater the chance of taking the right steps to minimize the impact and cost. Without reliable predictive analytics, an organization loses valuable insight vital to efficiently managing potentially high-cost claims.
Maximize Efficiency, Minimize Claim Costs
- Identification of factors that may extend absences
- Quantify the impact of individual claims
- Speed up detection of future high-cost claims shortly after injury by identifying current low-cost claims that are likely to increase substantially
- Increase the effectiveness of claim administration dollars by focusing resources on future high-cost claims
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