The predictive analytics functional process is complex. Claims, carriers, TPAs, and self-insureds of all sizes must follow a series of steps before they can accurately and reliably score claims.
First, they need to analyze and categorize a series of inputs. Then they must test, check, and validate data before they apply a range of multivariate models and machine learning algorithms in the analytics database and logic engine. At that point, they can connect obscure, hidden, and disparate relationships in the data to reflect an appropriate score for each claim.
Rewards of a predictive analytics model
But there’s an easier way to reap the rewards of a complex predictive analytics model. Our wcNavigator® tool tackles the complex analytics, and you simply get the results.
We’ve made the science of predictive analytics easy and robust. wcNavigator® takes client claims data, enhances it with industrywide claims data, and does all the technical work. You get a reliable score upon which your claims department can take immediate action to get the best outcomes.