Claims Reporting Software

Who is using Ventiv

Remove your personal bias from the equation with fact-based outcomes from queries. Identify objective trends with advanced analytics powered by artificial intelligence (AI). Any unexpected outcomes can highlight new patterns in your claims or risk data and pinpoint areas to focus your attention.

Automated predictive analytics: Find correlations that predict actionable insights, such as what factors are likely to influence the cost of a claim. Drill down into data to find relationships that you might otherwise have missed.
Prescriptive analytics: Identify how to mitigate risks and potentially prevent claims, injuries, or incidents from occurring.

How you can use AI-powered analytics:

Risk & Insurance Managers

Decide how to best quantify and treat specific risks, understand your organization’s ability to bear risk, and make better, more effective financing and risk management decisions.

Claims Managers

With Ventiv's claims reporting software, gain maximum insight from existing claims and identify potentially high losses early. Monitor adjuster claim handling, assess the accuracy of reserves, and target specific types of claim outcomes such as jumper claims.

Safety Managers

Use advanced analytics tools to improve loss-control initiatives like identifying risks, enforcing compliance, and embedding best practices across the organization.

Spreadsheets are useful when analyzing a small amount of data. However, when the volume of data increases, spreadsheets become limited in only displaying trends and providing answers.

With instant data visualizations provided by Ventiv's claims reporting software, your search results are presented graphically in formats that are easy to interpret. As soon as you enter your request, your findings will automatically be displayed in a suitable format – a heat map, word cloud, pie chart, or scatter diagram, for example. You also have the option to choose your preferred visualization manually.

Visualize patterns with maps in real time.

Geospatial analytics broadens general awareness by providing predictive insight and historical perspective. By adding the context of location and timing to traditional data, you can create maps to highlight trends and patterns that are often hidden in spreadsheets such as proximity, distance, affiliation, and contiguity. When you can see events and trends in recognizable maps, you can easily understand your results and take action.

Enhance Claims Reporting with Third-Party Information

It’s certainly possible to make decisions based only on your internal data. However, internally generated information can leave gaps both large and small. Ventiv's claims reporting system can incorporate new, nontraditional, and external sources of data into your analyses, such as weather patterns, location services, industry data, census records, building materials, or COVID-19 data for a holistic view of the business challenges you want to solve.

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Claims Reporting Software

Why should Risk Managers use AI-Powered Analytics? This short video covers 7 reasons just focused on claims. Watch the video ►

Meaningful analytics is at the center of what we do, and the analytics platform Ventiv offers has been a natural fit for us. Ventiv excels at data management and flexibility, which are also top priorities.

Uncover clear answers to complex business questions

Get answers to questions you didn't think to ask

Drive smarter, faster and better decisions

Literally ask questions of your claims data

See and understand your data

Let your claims data tell the story of what is happening.

Show your data connections in mere seconds.

Visualize patterns with maps in real time.

Explore claims data conversationally.

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Enhance Claims Reporting with Third-Party Information

Operational Reporting & Analytics

Pre-Built Parameterized Standard Reports

Scheduled, Ad Hoc, Burst, Email, FTP distribution

Drill Down & Thru Reporting

Data Quality & Audit Reports

Enterprise Reporting

Compliance Reporting

Loss Triangles & Loss Development Factors

Premium Allocations

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With Ventiv Patient Safety, we have all of our claims and incident data in one system, and we can better understand event trends and drivers with advanced analytics and reporting.

One of the key benefits we get from Ventiv is enhanced efficiency. It allows our adjusters to navigate easily through the different components of the claim and put more focus on getting an optimal outcome for the injured worker.

We have more than ten-year relationship with Ventiv. There’s a really strong level of trust in our relationship, which gives us confidence that the team at Ventiv is advising us based on their experience with us and knowing what we need and why.

Working with an experienced provider like Ventiv Technology is an important precondition of achieving our goals and furthering the mission of the County of Los Angeles.

Having the Ventiv team’s guidance was such a great benefit for HPIC. There were many times we turned to Ventiv to ask what other Ventiv clients in our line of work were doing; access to best practices is something we really appreciated.

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