wcCapture
Capturing workers’ compensation claims information with EDI
Launching Electronic Data Interchange (EDI) reporting initiatives is challenging for states. Precise, cost-efficient intake mechanisms must be developed to accurately ingest workers’ compensation claims and medical data. wcCapture™ is a cost-effective solution for states seeking to initiate EDI reporting or move to a new International Association of Industrial Accident Boards (IAIABC) release.
Take Workers’ Comp Data Reporting and Analysis to the Next Level
Verisk solutions streamlines workers’ comp data ingestion and reporting to improve compliance.
Robust workers’ compensation solutions for reporting, capturing, and analyzing injury claim data
Robust workers’ compensation solutions for reporting, capturing, and analyzing injury claim data
For state regulators, managing the collection and review of vast amounts of claims data is an ongoing challenge. For both insurers and state regulators, deriving insights from workers’ comp data is a promising opportunity for improvement Learn how Verisk’s Workers’ Compensation Solutions provide accurate reporting, streamline data capture, and actionable analytics.
States can easily intake EDI workers’ compensation claims information with wcCapture
States can easily intake EDI workers’ compensation claims information with wcCapture
wcCapture is a workers’ compensation data collection system for states. The system provides a cost-effective option for states looking to launch new EDI reporting initiatives or move to a new IAIABC release. States can use:
- Claims — to collect insurers’ first reports of injury (FROI) and subsequent reports of injury (SROI) in an easy, efficient, and cost-effective manner
- Medical — to get the information needed to set accurate medical fee schedules, identify potentially fraudulent activity, and institute effective medical cost containment strategies within their states
For more Verisk workers’ compensation solutions, check out:
Mastering data compliance reporting requirements for workers’ compensation
Mastering data compliance reporting requirements for workers’ compensation
Workers’ compensation data compliance reporting is challenging; insurers must carefully format and submit detailed claim and policy data to state jurisdictions and data collection organizations. Verisk has solutions for all workers’ compensation compliance reporting needs that will help save time and improve reporting accuracy.
Detect and manage high-severity workers’ comp claims through predictive analytics
Detect and manage high-severity workers’ comp claims through predictive analytics
Accurately determining workers’ compensation claim severity early is key to controlling claim costs. wcNavigator® uses predictive analytics to help adjusters and claims managers accurately identify claim severity as early as day one.
Achieve full compliance for future medical allocations while managing expenses
Achieve full compliance for future medical allocations while managing expenses
Complying with Medicare’s demands for future medical allocations requires deep knowledge of both medical and legal aspects of injury claims. We have a range of services to help you comply and expertly manage expenses.
Complex claims and compliance costs insurers
Complex claims and compliance costs insurers
Workers’ compensation insurers are challenged with managing complex claims, rising claim severity, and stringent reporting obligations. And with many experienced claims handlers nearing retirement, the challenges become even more daunting.