Boosting Claims Efficiency: High Impact, Low-Cost with ClaimDeck

Aug 13

By Dwayne Hermes

In an industry where efficiency and cost management are paramount, insurance carriers face the constant challenge of adopting innovative solutions without overextending their resources. ClaimDeck emerges as a groundbreaking web-based platform that revolutionizes claims management, requiring minimal IT involvement, offering a flexible pay-per-use billing model, and providing comprehensive support and training.

This white paper explores how ClaimDeck delivers significant ROI, streamlines claims processes, and fits seamlessly within carriers' existing priorities and resource constraints.

Adapting to the Evolving Claims Landscape

The landscape of claims management is rapidly evolving, with increasing demands for efficiency, accuracy, and speed in resolving claims. In this context, the introduction of new technologies can often seem daunting to insurance carriers, especially when faced with the perceived need for substantial IT resources, budget allocations, and extensive change management initiatives. ClaimDeck is designed to address these challenges head-on, providing a solution that is not only effective but also resource-efficient.

Ease of Implementation

ClaimDeck stands out for its web-based architecture, which simplifies the implementation process. Unlike traditional software that requires significant IT infrastructure changes and integration efforts, ClaimDeck is accessible through any standard web browser, eliminating the need for dedicated IT resources for installation and maintenance. A file can be opened on ClaimDeck with just three data fields, thus connecting the claims professional and the attorney to start collaborating on the case. This ease of implementation ensures that carriers can get ClaimDeck up and running quickly without disrupting their existing IT priorities.

Cost-Effective Solution

Understanding the budgetary constraints carriers often face, ClaimDeck employs a per-file billing model. This approach aligns costs directly with usage, allowing carriers to scale their use of ClaimDeck according to their needs without committing to a large upfront investment.

This pay-per-use model ensures that carriers only pay for the value they receive, making ClaimDeck an economically viable solution regardless of the carrier's size or volume of claims.

The per-file billing model also allows the carrier to allocate the cost of ClaimDeck to each individual file, benefiting the carrier's internal cost allocation for tighter accounting treatment.

Comprehensive Support and Training

Recognizing the importance of user adoption in realizing the full benefits of any new platform, ClaimDeck offers extensive support and training for both claims professionals and attorneys. From initial onboarding to ongoing education, ClaimDeck's dedicated team ensures that all users are well-equipped to fully leverage the platform's capabilities.

Additionally, ClaimDeck provides change management support, including usage reports and targeted outreach, to encourage consistent and effective use of the platform across the organization.

Demonstrating ROI

One of the most compelling aspects of ClaimDeck is its demonstrable return on investment. With an intuitive ROI calculator, carriers can input their data or use industry benchmarks from sources like the National Association of Insurance Commissioners (NAIC) to forecast the savings and efficiency gains ClaimDeck offers. This tangible evidence of value, supported by testimonials from other carriers, makes a strong case for ClaimDeck's adoption.

calculate roi here

Phase One as a Low-Risk Option

For carriers seeking to validate ClaimDeck's benefits within their specific context, a Phase One program offers a low-risk pathway. By applying ClaimDeck to a select number of claims, carriers can observe the platform's impact on efficiency, cost savings, and overall claims management effectiveness. This practical experience serves to alleviate any remaining concerns and demonstrates ClaimDeck's value in a real-world setting.

The Strategic Solution for Carriers

ClaimDeck represents a strategic solution for insurance carriers looking to enhance their claims management processes without significant resource investment. With its ease of implementation, cost-effective billing model, comprehensive support, and proven ROI, ClaimDeck is poised to become an indispensable tool for carriers seeking to improve their operational efficiency and competitive edge in the market.

ClaimDeck’s ease of implementation and proven ROI make it a leading choice and priority when a carrier is embarking on its claims digital transformation. No other InsurTech product provides as much immediate impact with zero upfront investment. ClaimDeck’s best-in-class implementation and change management support make it the low-risk/high-return choice.