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For more than 20 years, Ventiv Claims has been the claim technology market’s most feature-rich core administration system. We’ve put our experience with insurance claims and the associated litigation to work in developing Ventiv ELM. Ventiv ELM gives self-insureds, TPAs, in-house legal departments, and insurers improved matter management, e-billing, financial/spend management, legal document management and business process management.
Ventiv ELM features interfaces with major legal e-billing providers. Budget and legal e-billing information loaded into Ventiv ELM becomes the integration point with outside law firms. Track and manage every dollar associated with each claim and the legal budget assigned to those claims. Better manage legal spend by tracking amounts, negotiated fee reductions, and payment amounts. Prepare comprehensive reviews and reports of legal spend, down to the most detailed level.
With a two-system approach, claims and legal management systems are connected by an interface that can be costly and complex. Moreover, data sharing between the two systems usually won’t be in real-time. And there will be data inconsistencies. With Ventiv ELM and Ventiv Claims, all the communication tools are available for all users of the system on one system. Claims adjusters and attorneys get every piece of information right away, because every data element is already in a single system, available in real-time.