Leveraging Analytic Insights to Improve Outcomes In Workers’ Comp

While the concept of decision fatigue has been challenged, this phenomenon is still prevalent in the workplace. Making complex daily decisions can impact the quality of your choices over time. This can result in increased mental stress and lost willpower and focus, which may impact your company’s bottom line. Businesses that require staff to make copious decisions may benefit from solutions that simplify the decision-making process. In this webinar, we briefly introduce decision fatigue and suggest ways to reduce its impact on your claims processing—increasing your team’s productivity by helping them make accurate, data-based decisions.

Insurers point to three changing trends in financial crime. First, a growing variety of offenses in all forms, from the traditional claims fraud, underwriting fraud and fraud by agents and providers, to non-traditional forms including identity theft, money laundering, bribery and corruption, collusion and insider threats. Insurers must also comply with regulations around ‘Know Your Customer’, Sanctions Screening, privacy, security and more

In a climate of rising denials, hidden insurance coverage, and a shifting payer mix, it’s imperative that healthcare providers have a comprehensive strategy to identify and manage clinical and technical denials. Hear how one large health system currently leverages robust solutions—for denial prevention, A/R recoveries, and insurance discovery—to drive maximum reimbursements and improve profitability.

IFRS 17 is a once-in-a-lifetime-change for insurance companies. It provides a set of new rules to improve the transparency of financial reporting in insurance companies, comparable to those of other industries. IFRS 17 also changes the overall financial direction of insurers because it is likely to influence product development, core processes, incentives and much more.