FAQ

Page 1  |   Page 2  |   Page 3

FAQ Page 1

What Makes AcuComp® unique?

• AcuComp® is a web based data system that operationalizes, confirms, documents and reports changes in unit statistical plan filing data. This information is then uploaded to insurance carriers who transfer it to the appropriate rating bureau. AcuComp® then precisely measures the resulting decrease in experience modifiers and notifies the insured of those decreases through site licensed Distributors.

• As much as 70% of all claim file documents contain some element of impropriety. There are many causes including, but not limited to data submission errors, cost shifting from non-occupational health care providers, employee resentment, unscrupulous service providers, outright fraud and abuse, overpayments, miscoded losses and misappropriated reserves. Detecting and correcting all of the improprieties in a given situation results in an average of a ten to one return on investment (ROI).

• AcuComp® is a Registered Mark by the United States Patent and Trademark Office providing federal pre-emptive rights to its use throughout the United States.

• An independent audit performed over a five year period by the Massachusetts Department Insurance proved that the AcuComp® system lowers reserves an average of 30% and experience modifiers an average of 27 points, with a corresponding reduction in workers’ compensation premiums.

• AcuComp® is Web-based, offering our Distributors 24/7, real time access to their client’s workers’ compensation claims information and reports.

• The system is limitless and designed to fit either single or multiple locations and users.

What is the difference between AcuComp® and Claims Case Management?

• Claims case management is the monitoring and expediting of a claim from inception to resolution. The purpose of claims case management is for the overall management and disposition of a claim.

• AcuComp®'s unique architecture is all inclusive. It integrates hundreds of processes designed to analyze the ever-changing unit statistical plan filing data per state statute. This enables favorable adjustments in the experience modifiers via insurer correction cards filed with the various rating bureaus.

Why don’t insurance agents do what we do?

• Insurance agents are in the business of selling insurance; therefore, they have a fiduciary responsibility to the insurers they represent. Here is where the employer’s insurance agent faces a dilemma. They incur the expense of performing the work required to reduce premiums and face the prospect of losing money in the process, which violates their fiduciary responsibility to the insurance industry. This dilemma creates a need for an independent third party with a proven track record to act in the employer’s best interest. This is why many of our Distributors are insurance agencies.