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Claims Management Solution

Combat inefficiency, waste, and overpayment and focus on costs, outcomes, and service

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Who is using Ventiv

  • County of Los Angeles
  • Indiana Public Employers Plan
  • Tribal First
  • Cox Enterprises
  • The Mosaic Company
  • Nestlé
  • State of Georgia
  • Takeda
  • Saint-Gobain
  • Henkel
  • Stagecoach
  • Travelopia
  • Textron
  • Uniting Church in Australia
  • Imperial Brands
  • Decathalon
  • Schlumberger
  • HPIC
  • K&S Freighters
  • Marriott

What they are saying about Ventiv

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Our claims numbers have increased as the company continues to expand. Claims costs can be significant. With Ventiv's software, we can keep a diligent eye over claims as losses develop. And now, for many claims we simply open an electronic file, which reduces paperwork and archiving.

K&S Freighters

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Transform your claims data into actionable insight

Optimize your financial performance, streamline processes, and transform raw claims data into actionable intelligence with Ventiv's claims management solution.

Reduce costs while improving data intake

Accelerate claims reporting to reduce costs while gathering better incident information.

Gain greater understanding into legal and claim administrators

Proactively manage your legal and service providers with greater insight into performance, expenses, and risk with Ventiv's claims management solution.

See the big picture and take action early

Integrate multiple sources of data to predict how a claim is likely to unfold. Identify claims that have the potential to “jump,” and take proactive steps to mitigate costs.

Understand and predict claim trends

Whether you self-administer claims or use a third-party claims administrator, Ventiv's claims management solution let's you gain control over critical priorities: incident intake, claims consolidation and administration, supervision, and legal risk and litigation management.

Consolidating claims data from multiple sources provides standardized data for better insight and understanding of the risk your organization faces.

Also the claims management solutions allows the tracking of all claim details, including description and causes of the loss, through to the financials. Define your claim types as well as payment buckets, transactional values, and claim payment details. In addition to commonly used claims management fields, client-specific custom data fields are available.

With more accurate, complete, and reliable data provided by Ventiv's claims management solution you can:

  • Monitor claim trends and identify key loss drivers
  • Establish optimal reserves and avoid under-reserving
  • Promote successful coverage outcomes, including timely claim payments
  • Provide accurate loss history and loss triangles to your actuary for optimal risk placement
  • Determine the best split between retention and transfer of risk

A solution to improve incident reporting while reducing costs

Ventiv's claims management solution enables an efficient incident intake process, you can quickly get your incidents and claims notified, which is a key factor in reducing the closed lag time and overall claim costs. Fast reporting also allows for more accurate analysis of trends and root causes. Collect the data you need with dynamic questions sets to ensure maximum accuracy of the submission.

Since incidents are immediately available for investigation, administration, reporting and analytics, you can make corrective actions faster to prevent similar incidents and reduce costs.

Take your incident reporting up a notch while reducing costs

 

Increase the impact of your legal and service provider

Create a single system for analysis and risk reporting by linking litigation information with incident, claim, safety, policy, and exposure data. Our claims management software provides an enterprise-wide view of critical legal data and improve high-level decision making.

With our claims management SaaS solution, all of your legal and litigation data in one platform, you can segment and evaluate information from virtually every angle. Now you can analyze data by business unit, product, exposure, law firm, or matter type.

Monitor a range of key performance indicators regarding your legal resources, TPAs, and service providers to improve your organization’s profile and drive down costs.

Identify “jumper” claims early and mitigate costs with preventive action

Jumper Claims“Jumper” or “sleeper” claims account for 40% of the $60 billion paid each year for workers’ compensation benefits. With Ventiv's claims management solution and predictive analytics, you can now integrate multiple sources of both internal and third-party data to predict how a claim is likely to unfold.

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Make better, faster, more accurate decisions that minimize risk and maximize value with advanced analytics

Get a greater understanding of claims on the whole, predict outcomes, and take preventive action to optimize performance.

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Let’s talk about how we can move your business forward.

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With 500+ global customers and counting, Ventiv is one of the premier leaders in the risk management, insurance claims and advanced analytics space. Helping some of the biggest brands on the planet with products like our industry leading claims management solution.

Fill out the form, email us at contact@ventivtech.com or call one of our many worldwide office locations to get the conversation started today on moving your business forward.