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Worker’s Compensation Applications

To effectively manage and monitor the status of workers’ compensation claims, employers, third-party administrators (TPA), insurance pools and joint powers agencies (JPA) require timely access to accurate metrics on claims status and leading indicators of exposure. Key workers’ compensation program measures must be always-up to-date and readily available in multiple perspectives – including by company, by department, by location, by department, by examiner and so on.

By delivering timely claims and business metrics derived from all available data sources, PureShare® ClaimsMetrics allows all stakeholders involved in workers’ compensation to:

  • Instantly gauge all or any aspect(s) of internally or externally administered workers’ compensation programs, including Safety, Financials and Loss Control.
  • Eliminate manually created reports and the tasks associated with requesting, assembling, analyzing, manipulating and managing spreadsheets and slide-ware.
  • Deliver up-to-date status summaries and highly visual presentations of workers’ compensation program performance.

Benefits for Workers’ Compensation

ClaimsMetrics provides these benefits for workers’ compensation stakeholders:

  • Pre-packaged best-practice metrics for workers’ compensation programs that enable the most effective cost and exposure containment and reduction. 
  • Transparency in operations to instantly reveal workers’ compensation program ”hotspots” that standard reports can’t adequately address.
  • Fully automated collection and consolidation of data from multiple Risk Management Information Systems (RMIS) and other data sources. This eliminates latency inherent in traditional reporting cycles and enables stakeholders to respond to trends and leading indicators of exposure.
  • Specific views of metrics tailored to customers, departments, locations and/or business-specific interests, which make the product ideal for Carriers, Brokers, TPAs and Pools. 
  • Pre-integration with all major commercial RMIS systems, as well as human resources management systems, enterprise resource planning systems, financial systems, and spreadsheets.