PRODUCTS
Intro to AcuComp® | Key Benefits
Key Benefits
For the Insured
Insured’s can now access through licensed Distributors their actual Workers’ Compensation claim file documents and monitor in real time 24/7 what their insurer or third party administrator is doing to lower reserves and bring claims to closure. 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), by way of reductions in the experience modifier.
It is important to note that not only do our regular online reports enable users to actually see the progress being made throughout the year; we quantify our results in terms of actual experience modification reductions as a direct result of the AcuComp® System.
These metrics are available only with a web based data system like AcuComp®. Up until the advent of AcuComp® reporting, it had been virtually impossible to quantify efficiencies with respect to a particular insured. Due to the infinite variations in the caliber and qualifications of service personnel and the formidable task of assembling and analyzing data, the AcuComp® System automates and accelerates the process.
