Third-Party Administrators (TPAs) are under increasing pressure to deliver faster, more accurate, and more cost-effective claims handling services to their insurer, self-insured, and public entity clients. However, many TPAs are still operating on aging claims management solutions – Third-Party Administrator Software that limits their efficiency, inflates costs, and exposes them to operational risks like claims […]
How Modern Core Technology Can Help Public Entities with Insurance Cost Management
In today’s complex financial landscape, public entities face significant challenges in managing their insurance costs. Rising premiums, fluctuating risk factors, and the need for transparency and accountability make insurance cost management a critical concern. However, modern core technology offers innovative solutions that can help public entities navigate these challenges more effectively. 1. Data-Driven Decision Making Modern […]
7 Challenges and 7 Solutions for Better Claims Management
The Challenges Public Entities Face in Claims Management Claims management is a critical function for public entities, encompassing the process of handling, processing, and resolving claims made against government agencies. These claims can range from property damage and personal injury to more complex issues such as employment disputes or regulatory infractions. Efficient claims management is […]