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Optimising Your Claims Management Process

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INTRODUCTION The call to do more with less has become a mantra in businesses ever since the GFC forced many organisations to watch their expenses more closely. Yet, for those in the claims department, this remit is not a new one. Given that we are in the business of revenue saving, doing more with less has always been our number one priority. Therefore, a claims manager should be constantly thinking about how they can be doing more with less by: • Processing more claims • Protecting your company against the severity of a claim • Keeping consistency and efficiency in spike times 03 The key to achieving the above lies in streamlining your processes. An optimised operation will allow you to: • Create better workflows so it won't be as stressful when staff are away or you have a spike time • Increase transparency and accountability • Make better business decisions • Be proactive in preventing claims But how do you optimise your operation? In claims management, optimisation revolves around three key components: Cost management Improvement of close times Customer experience This ebook looks at how three organisations have overhauled their processes in these areas and hope that their success inspires you to be a driver for change too.

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