7 Essential Features of Claims Management Software - PowerPoint PPT Presentation

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7 Essential Features of Claims Management Software

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Claims Management Software is a pack of tools that helps claims handlers to manage and evaluate claims easily. It is featured to support the entire claim cycle and improves the user experience. – PowerPoint PPT presentation

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Date added: 9 September 2020
Slides: 9
Provided by: faheemshakeel

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Title: 7 Essential Features of Claims Management Software


1
Key Features Insurers Must Check For in Claims
Management Software
2
Table of Contents
02
03
01
  • Introduction
  • Benefits of Claims Management Software
  • 7 Features Insurers Must Look For in Insurance
    Claims Management Software
  • Conclusion

04
3
Introduction
  • Insurance Claims Management Software is a pack of
    tools that helps insurance providers to manage
    and evaluate claims easily. It supports the
    entire cycle right from creation to calculation,
    payments and closure and improves the user
    experience.

4
7 Features Insurers Must Look For in Insurance
Claims Management Software
1. Comprehensive Dashboard - A comprehensive
dashboard provides all the relevant information
on a single screen and saves a lot of time. 2.
On-Boarding Control - Claims Processing Software
grants insurers the control of the onboarding
process and helps them monitor clients claim
journey. 3. Reminder Alert - This feature assists
the users by providing timely alerts to meet the
deadline and helps doing the right things at the
right time.
5
4. Automated Correspondence Generator - By
integrating multiple correspondences such as SMS,
e-mails, and chaser letters, claims management
software automates messages and schedules
follow-on-actions. 5. Search Tool
- Using the search tool, the user can find any
piece of information or data such as names,
addresses, policy numbers, and contact details
stored in the database instantly.
6
6. Central Database - With claims processing
software, all the company files and information
are recorded in a centralized database. This
eases communication and facilitates document
sharing. 7. Advanced Reporting - The claim
management system builds automated reports using
which the insurers can track the growth and take
corrective measures.
7
Conclusion
Claims handlers and insurers must check for these
vital features in their claims management
software. A combination of these functions and
several others makes the claims management
process swift, easy and efficient.
8
10
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