
SolutionPaid
Subrogation Claims Management System
by Vuram Technology
Description
This application provides a flexible system for companies to handle subrogation portfolios, maximize recovery opportunities and accrue the greatest cost savings over time. The system treats each subrogation claim as a unique case, following it through the process and concludes with a satisfactory resolution. It provides access to professional subrogation staff to allow them to handle multiple files and documents related to a case.
Features
- Ability of the system to handle both property and automobile subrogation claims.
- Minors as intake agents can create a new client to the system and add any number of claims linked with the client.
- Bulk claim intake option is available to create multiple claims in single-shot and representatives to handle the claims can be also defined.
- Ability of the system to allow the users to update client and claim details and manage documents related to it.
- Ability of the system to maintain and integrate claim and client records.
- Subrogation officer review and assess the claims and settle them by handling documents, communication with the recipient via email and SMS
- Ability of the system to allow the user to set reminders in the form of diaries and get notified about the end date.
- Manage all the payment-related information for the policyholder & tortfeasor in a single view.
- Create a system-generated demand letter PDF format and send it across the email to the tortfeasor mentioned about the amount.
- Audit log will have details on all the actions made during the claim settlement process.
- Ability to reduce redundant administrative effort and improve data quality with consistent communication, claim assessment processes.
- Ability of the users across the platform to instantly create clients, claims, define tortfeasor.
- Report generated helps the subrogation company to track the status of claims, settlement and, the performance of officers, etc.
- Graphical view of the status report based on settled or subrogation needed. The claim intake report also gives insight on claims added to different clients across the months.
- The performance report will show the time taken to resolve the claim from the date of initiation, on the basis of average days to close.
Release notes
Submitting the same application with the revamped UI/UX. No Change in the features.