CAPABILITIES FOR CARRIERS
FEE SCHEDULE MANAGEMENT
Evaluating the performance of your vendors is an essential function of vendor management. With disparate processes among service providers, it’s nearly impossible to get the detailed understanding needed to make educated decisions. We tell you how your vendors compare in these areas:
- Cost per claim
- Insurtech expenses
- Reopen rates
- Cycle time
You’ve worked hard to negotiate competitive contracts. Have peace of mind knowing they’ll be followed.
You’ve been there – an email comes across your inbox with a large invoice amount and an even larger discrepancy. You know it will take time to review the invoice, gather details, verify it against the claim file, and communicate back and forth. You may even ask yourself, “How many more invoices like this are out there that I don’t know about?”
Our insurance claims management software makes inaccurate and duplicative invoices a thing of the past, so you can spend your time where it’s most valuable.Learn More
FEE SCHEDULE MANAGEMENT
Imagine saying goodbye to fee schedule spreadsheets? We manage your complete contracted fee schedules for every service provider, and all the associated rules.
- CAT rates
- Desk rates vs field fees
- Supplemental fees
- Volume discounts
Our insurance claims software enables you to answer these questions about your business, with information at your fingertips in seconds.
- How much do you spend annually with your vendors?
- How much do you spend on mileage?
- How often are your vendor partners re-opening files?
- Have you received duplicate invoices?
We give you this insight out of the box. When you standardize your process, transparency naturally follows.Learn More
CAPABILITIES FOR SERVICE PROVIDERS
End-to-end claims management solution
- Connect claims management system to accounting system
- Free up resources from manual billing process to focus on customer service
- Auto-populate invoices based on approved estimate from estimating software
- Manage fee schedules for each service provider
- Get fast payment from carriers with automated invoice reconciliation
- Reporting dashboards show insurance carriers partnership data that differentiates your firm from competitors.
Guarantee the accuracy of invoices to customers
- Shift your customer conversations from a focus on invoice scrutiny to a collaborative effort to offer more value to policyholders
- Build credibility and trust with customers
- Ensure built-in quality assurance in invoicing
Get paid instantly on every invoice
- Get fast funding in as quickly as 1 business day.
- Reduce financing costs on lines of credit or other capitalization efforts.
- Get immediate liquidity for every invoice processed.
- Pay your independent workers quicker, increasing loyalty and retention.
- Get an end-to-end solution from invoice creation to accounts receivable.
Read more about VIP Pay.Learn More