FINEOS Corp., a provider of enterprise software solutions forinsurance, has announced the release of its new product to manageworkers' compensation claims in the U.S.
|The new product has been developed to address the specificrequirements of the U.S. market, which is characterized by complexmultistate compliance and reporting requirements. The productbuilds on FINEOS' worldwide experience in handling injury anddisability claims to help U.S. carriers address thesechallenges.
|FINEOS Claims for Workers' Comp offers insurance carriers, TPAs,self-insureds, state funds, and other government entities completeclaims life-cycle management, including intake, payments, reserves,provider management, and other claims processes. It delivers rulesand workflow capabilities to accommodate changes to productdefinition, U.S. regulatory requirements, and internal processingpolicies.
|"We believe this is an underserved market that will benefit fromthe world-leading capabilities FINEOS Claims can offer," saysMichael Kelly, CEO of FINEOS. "U.S. workers' compensation is anindustry with significant environmental issues, including medicalinflation, indemnity costs, and regulatory challenges."
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