Ventiv Technology

Vendor Profile Legend 11 ©2022 Redhand Advisors. All rights reserved. General Information Company and product overviews and other descriptive information were sourced from the vendor RFI responses and publicly available information. The information provided is related to the company's RMIS business and not the company as a whole when the RMIS is part of a larger organization. Product Scores The results displayed are based on the authors' expert opinion combined with the responses to the user survey conducted. Survey recipients were asked to rate their satisfaction with various aspects of the system. The responses were combined with the expert opinion to derive scores for each category. The product scores are weighted in the overall ratings based on the authors opinion of the importance of the category in the specific market. User Survey Results The results displayed are based on the responses to the user survey conducted. Survey recipients were asked to rate their satisfaction with various aspects of the system and customer experience. The responses were used to derive scores for each category. ANNUAL REVENUE (In Thousands) < $10mm $10mm – $24mm $24mm – $50mm $51mm – $100mm > $100mm USERS < 1,000 1,001 – 2,500 2,501 – 5,000 5,001 – 10,000 > 10,000 CUSTOMERS < 100 101 – 250 251 – 500 501 – 1,000 > 1,000 Captive and Pooling • Member portal • Claims administration • Policy/Program management • Underwriting capabilities • Exposure tracking • Certificate management • Inspection and Compliance audits for members • Actuarial analysis Claims Administration • Lines of business supported • Reserve analysis • Incident tracking • Check writing • Utilization review • Medical bill review • Fraud detection • Subrogation/Salvage tracking • Adjuster tracking/performance management • WC FROI/SROI • EDI reporting • CMS/MMSEA reporting • ISO reporting Claims Management • TPA/Carrier data consolidation • Adjuster notes access • Return-to-work management • Litigation management Enterprise Risk Management/ Governance, Risk and Compliance (ERM/GRC) • Compliance/Regulatory management • Contract/Vendor management • Business continuity planning • Action planning • Risk register • Risk assessment • Risk heat maps • Issue/Incident management and remediation tracking • Sarbanes Oxley (SOX) tracking Environmental, Health and Safety (EH&S) • Root cause analysis • Corrective action tracking • Inspection and Compliance audits • OSHA tracking/reporting • Incident reporting • Training and Certification management Exposures • Exposure types supported • Web collection of values/exposures • Property/Asset values tracking • Physical asset management • Fleet management • COPE tracking Healthcare • Patient safety / quality • Event reporting • Root cause analysis • Peer review • Non-clinical rounding • Healthcare insurance management Incident Management • Incident intake • Incident management Policy and Insurance • Policy tracking/register • Policy quotes • Policy binding and issuance • Policy billing • Policy rating • Policy erosion monitoring • Deductible tracking • Identification of coverage gaps and overlaps • Graphical representation of coverages, limits and deductibles • Certificate tracking • Certificate issuance • Experience modification calculation • Bond and Contract tracking • Premium allocation • TCOR calculation Reporting • Ad-hoc reporting • Graphical reporting • "As-of" date reporting • Report scheduling • Report bursting • Reports to PDF/Excel • Loss triangles • Dashboard capabilities • External benchmarking • Loss forecasting • Business intelligence tools • Advanced visualization tools • Predictive modeling • Statistical analysis • KPI tracking and reporting • Budget tracking • Cash flow forecasting System Attributes • Security • Ease of use • Look and feel • System platform • Hosting/deployment options • System uptime/availability • System performance/speed • Browser compatibility • Third-party integration • Single Sign-on/LDAP System Wide Functionality • Notifications and alerts • Search capabilities • Workflow/automation tools/business rules • Document management • Multi-currency/multi-language • Mobile capabilities

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