Solution Note - Claims BPO
- Topics:
- Business Process Outsourcing
- Tags:
- BPO,
- Outsourcing & Subcontracting,
- Outsourcing,
- It Services,
- It Operations,
- Insurance,
- Corporate Insurance,
- Business Process Outsourcing (BPO),
- Business Operations,
- Patni Computer Systems Ltd.
- Source:
- Patni Computer Systems
FREE Registration is required
Overview: For the average property and casualty insurer, claims account for 80%-85% of operating expense, and claims leakage totals $35 billion annually in the US. In the health insurance space, estimates peg the cost of processing claims at $250 billion annually. To reduce claims expense, insurers are increasingly seeking to streamline legacy claims processes and integrate both process and data with other core business functions. Patni's Business Process Outsourcing (BPO) solutions increase the efficiency and effectiveness of the clients' Claims Administration operations. By outsourcing everyday claims processes, the clients realize material bottom-line cost benefits, and can focus on activities that are core to their business.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: PDF | Size: 83KB | Date: Aug 2005 | Pages: 2
