Insurance: Claims Processing

Insurance Overview | Claims Processing | Property and Casualty | Life and Annuities | Health Insurance

Reducing claim processing time reduces the ultimate dollar cost of that payout. The cost reduction is realized by reducing the number of customer service inquiries, improving customer retention, fostering better communication with agents, and facilitating the ability to manage loss-adjustment expense. Most claims are composed of several types of information that must be approved or denied. If you are receiving and routing and processing with a manual processes then getting a document(s) to the claim department may take days.

Since supporting documents are often gathered as requested, the settlement determination may take weeks. Many states are imposing prompt-payment regulations that increase the importance of fast claim processing. Most insurance companies must store and maintain enormous volumes of paper and electronic records. The life cycle can be as short as a few years to as long as decades.

Digitizing information and defining your Electronic Document Management System (EDMS) will reduce the risk of litigation, enforce corporate compliance and implement the efficiencies outlined above. Filing Source's intelligent solutions and technology can allow insurance companies to gain control of their processes while keeping premiums affordable.

Our Promise to You
Our promise is simple. We will provide you with the highest quality document management services available anywhere – and a dedication to servicing your every filing, scanning, or shredding need.

In-house is NEVER what you think it is. Document Preparation, Document Scanning, Quality Assurance for both Quantity and Quality, Indexing, Document Classification, Backing up to CD, Exporting to your internal Document Management System is a Repetitive, Daily, GRIND. We invite you to discover the Filing Source difference! Contact us today to schedule your FREE consultation!