Insurance Claims Outsourcing
Accuracy Rate> 98.51%
What is Insurance Claims Outsourcing?
Insurance claims processing is a large division in insurance operations including the review, investigation, adjustment and remittance of insurance claims. Full-cycle claim handling is not always completed by one person. You might have one team responsible for the review and investigation part, and another for the adjustment and remittance. Often, this is divided between junior and senior claims processors respectively. As a result, insurance claims handling works best in teams, reporting to an experienced team leader for advice and escalation.
Insurance claims outsourcing is the process of hiring an outsourcing company to take care of your client's insurance claims. The outsourcing company will be responsible for handling the whole claim process. From reporting your client’s claim to the collecting of the claim files, you can leave it to your outsourcing team.
Insurance Claims Outsourcing
How you handle claims are what your clients are most concerned about. Proper and efficient settlement of claims can determine not just future relationships with your customers, but your business reputation.
Cover Operation teams provide solutions for time consuming and tedious tasks, will help increase speed and accuracy in claim processing while minimize your labor cost. With our claims solutions, it is possible to improve customer satisfaction and reduce costs.
Overview of Claim Services:
- First Notice of Loss
- Claims Set Up
- Claims Inputting Services
- Claims Adjudication Services
- Claims Verification and Validation
- Subrogation
- Claims Adjuster Data Entry
- Mortgage Claim Data Entry Services
- More
Benefits of Insurance Claims Outsourcing:
There are many reasons for you to outsource your insurance claim processing services:
- Reduce Overhead Costs
- Quick Turn-Around Time
- Reduce Work Pressure
- Timely Claims Status Review
- High Claims Resolutions Rate
- Prompt Online Report