Today, workers’ compensation costs, particularly for claims, are continuing to escalate. Regulatory requirements are increasing. In addition, research shows that the faster an insurance company receives the ‘first notice of injury’ and can initiate medical treatment, the faster the injured worker recuperates and returns to work and the less likely they are to seek legal support for a claim.
Studies indicate that speeding up the first notice and claims process through automation can have a significant and positive impact. However, insurance company staff resources and IT budgets are shrinking while their business systems are continuing to age and impact their ability to effectively respond to the changing market.
Innovation Group helps companies to successfully overcome these challenges while providing them with future agility. Our solutions provide a comprehensive approach to workers’ compensation, focusing on operational and innovative improvement to meet specific client needs.
Our unique combination of software, Insurer Pyramid and Insurer Analytics, and our business process services, First Notice of Injury, deliver advanced automated solutions to meet the immediate business needs plus the flexibility to expand and meet emerging new business demands.