Claims Management Software

Riskonnect’s Claims Management software streamlines the claims process from intake to final settlement.

Claims Management Software enables you to:
Track all claim details in one place. Seamlessly integrate people, systems, and data from multiple sources.

Reduce costs. Streamline workflows, automate routine tasks, and facilitate collaboration among stakeholders to shorten the claim lifecycle.

Resolve even the most complex claims quickly, easily, and fairly. Move every claim through the system with maximum efficiency.

Claims Management Software professionals comparing data on tablet computers

Claims Management Software Highlights:

Log every step of a claim to gauge progress, ensure compliance, and evaluate results – and calculate a score for individual claims, as well as for the audit.

Streamline your claim and incident entry with intuitive mobile forms, automatic alerts, real-time access to data, and instant data validation.

Proactively monitor current and potential regulations, manage relationships with external entities, and execute documentation to ensure regulatory compliance.

Transform – and simultaneously validate – data from more than 900 external systems used by major carriers and TPAs.
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Capture, organize, manage, and electronically house all claim files and legal documents – including invoices and checks – for easy search and retrieval.

Complete and send complex electronic filings for First Report of Injury (FROI) and Subsequent Report of Injury (SROI) to keep you compliant with state workers’ compensation requirements.

Create and maintain indemnity benefit schedules with full reserving functionality while capturing an audit trail of all recorded changes.

Manage the complete return-to-work process using insights from Official Disability Guidelines and extensive collaboration capabilities to get ill or injured employees back to work quickly and safely.

Easily customize your reporting and dashboards to tell your story and inform decisions.
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Identify potentially adverse claims early in the lifecycle so you can quickly mobilize the right resources and improve outcomes all the way around.

Assess the performance of your claims management process compared to others in your industry.

Automate routine tasks, notifications, and alerts using configurable data-entry screens, rules, and forms.

Claims administration software demo representation on tablet

Streamline, Automate, and Close Claims Faster

How much are lingering claims costing you? Riskonnect’s Claims Management software automates tasks, reduces clicks, and adds efficiency to every step of the process to save you both time and money.

  • Attach notes, images, files, and more directly to the claim.
  • Eliminate duplicate work and improve data accuracy with survey-style intake questionnaires and automatic data validation.
  • Automatically assign adjusters based on workload and expertise.
  • Speed up response time with real-time access to critical information from the moment something happens.
Claims Administration software professionals looking at data

Because of our integrations and Riskonnect’s new features, we’ve been able to make the system more efficient with our claims handling, so that our adjusters can actually work on their claim instead of working the system. We’ve been able to save money and time – and litigation – because we can settle those claims quicker.

Lisa Blevins
General Liability Claims Manager
Texas Roadhouse
Claims software professional working at desk computer

Put Your Claims Data to Good Use

Are you squeezing all the intelligence possible from your claims data? Riskonnect’s Claims Management software offers advanced reporting and analytics to help you respond faster, allocate resources better, and even prevent similar claims in the future.

  • Customize checklists, standards, workflows, and scoring methodologies according to regulatory requirements or your own best practices.
  • Use important indicators like lag time, litigation rates, average claim duration, severity, and closing ratios to determine individual performance and overall efficiency.
  • Identify potential problems – including so-called sleeper claims – for early intervention.
  • Customize dashboards to surface important details of each claim.
  • Quickly mobilize the right resources.
  • Make decisions based on data, not intuition.

Work Together – and Achieve Better Outcomes with Claims

Are claims languishing while your adjusters chase down the information they need? Riskonnect’s Claims Management software offers real-time collaboration between internal and external parties to keep the process moving toward a speedy resolution. And that’s in everyone’s best interest.

  • Seamlessly integrate with third parties, including ISO and Official Disability guidelines.
  • See outstanding action items, approaching due dates, and expected costs.
  • Show collaborators relevant information, not necessarily the entire claim record.
  • Easily create reports using templates and dynamic workflows.
  • Automatically distribute reports to key stakeholders.
  • Streamline communications with claimants via a dedicated portal and texting services.
Claims professionals discussing business
book. The complete guide to claims administration software
The Complete Guide to Claims Administration Software

Whether you manage your own claims or manage claims on behalf of others, this ebook will give you the information you need to evaluate claims administration software and decide what is right for you.

Starting an RFP process for claims management software?

Download Riskonnect’s list of the most critical claims management software-related questions and customize it to suit your needs.

Claims management software RFP template

Your Claims Management Software Questions Answered

Claims management is a platform for managing, analyzing, and reporting on claims information. The software integrates people, data, systems, correspondence, and more into one place. It saves time and money by automating tasks, streamlining workflows, and closing claims faster. The software can also help you identify fraud, litigation potential, and severe loss potential and reduce the workload and stress on adjusters.

Claims software offers a variety of applications – like intake, document management, electronic report of injury, regulatory compliance, and data transformation services – to close even the most complex claims quickly, easily, and fairly.

The answer to this question depends on the number and complexity of your claims. Companies with a limited number of straightforward claims might find spreadsheets a perfectly adequate tool. As the volume and severity of your claims grows, however, so does the amount of data and reporting needed to effectively manage costs.

You will likely benefit from claims management technology if you have multiple carriers or TPAs, are struggling to identify potential problem claims, or are unable to easily determine how well your claims program is performing. Claims management software helps you respond faster, allocate resources better, and even prevent similar claims altogether.

Riskonnect’s flexible model allows you to start anywhere and go everywhere. You can build a solution that fits your needs today – and easily add and upgrade as your business grows and changes.

Riskonnect is designed to seamlessly connect claims data from multiple sources inside and outside your organization. The software can handle vast amounts of data from numerous insurers/TPAs in multiple formats and currencies. We also offer APIs (application programming interface) to easily import and export data and out-of-the-box integrations with specialized partners to help you get the most from your data as efficiently as possible. And you can easily incorporate that data into your enterprise-level risk analysis.

Pricing depends on the size and complexity of the project and how much customization you require. We offer three industry-leading implementation options at different price points to fit your budget, while achieving your business objectives as quickly as possible.

Start partnering with Riskonnect today.
Find out how Riskonnect can transform the way you view risk.