RISKMASTER/World is the risk management industry's largest-scale 32-bit RMIS program. RISKMASTER is the RMIS choice of more than 40 five-billion-dollar publicly traded companies and hundreds of other leading organizations. It helps risk managers, claim adjusters, attorneys and safety managers to process, manage and analyze critical claims data: General Liability, Workers' Compensation, Automotive Liability, First Reports Of Injury, OSHA compliance, Insurance Policies, Actuarial Reporting and Integrated Disability Management.
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, Windows XP/2000/NT
Software, ASP Hosted, Web-Based (Browser)
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Users (# of seats), System, Module, Other
65,000 to 500,000
Live Web-based demo can be scheduled with a sales rep
Additional Product Information
RISKMASTER/World is the risk management industry's largest-scale 32-bit RMIS program. RISKMASTER is the RMIS choice of more than 40 five-billion-dollar publicly traded companies and hundreds of other leading organizations. It helps risk managers, claim adjusters, attorneys and safety managers to process, manage and analyze critical claims data: General Liability, Workers' Compensation, Automotive Liability, First Reports Of Injury, OSHA compliance, Insurance Policies, Actuarial Reporting and Integrated Disability Management., Major Features, ·Advanced Security System Module, ·Integrates Office 97 programs, ·Attach/manage multimedia docs, ·Y2K compliant, ·Integrates easily into intranets, ·Citrix-based, ·SORTMASTER report generator, ·Adjuster module with advanced query options, ·InterDEV and Active X technologies, ·Quick-entry forms, ·Export/import data to/from other popular database programs, ·Create supplemental fields, ·Central calendar and E-mail manager, ·Generate actuarial, financial, statistical and policy reports, ·Monitor payments, collections, complaints, litigation, settlements and compliance (WC and OSHA), ·Schedule and print payments individually and in batches, ·Define and modify reserve levels, Manage Claims Data, ·Flag common exposures: Policy expirations and cancellations, inappropriate coverages, inaccurate payments, ·Calculate loss ratios: Employees, vehicles, building floor space, revenues, payroll , ·Analyze data: Spot trends in policy/claim activity, integrate claim databases, link related policies, ·Automate processes: Adjust reserves, print checks, flag renewals, create analytical graphs, ·Automate best practices: 30-day review, First Report of Injury, carrier notification, property appraisals, lost time review, ·Segment critical data: Events, claims, policies, and funds, ·Maintain accurate billing and forecasting: Generate data for custom reports, ·Create standard and custom reports: Draw from common claims, accidents, and policy data, ·Administer policies: Coding facilitates coverage/claim matching, exposure data accumulation, ·Define/Store claim parameters: Segment claims by line of business, system registration and operation, ·Make timely payments: Apply appropriate payments to designated policies, ·View multi-level coverages: Create links between coverage layers, ·Comply with government regulations and industry standards: OSHA, MEDWatch, WC, NCCI, NPDB, fee schedules , Work Process Administration, Required claims, events, policies, and funds documentation are generated via Business Rules, Auto Diaries and System Utilities programs. Workflow time and event triggers keep tasks on schedule, saving time and money. Time and Task processes provide accurate billing, forecasting and other administrative reports. , Diaries Can Be, · Linked to data, · Integrated with Schedule+ and E-mail, · Automated, employing user-defined criteria, · Voided/deleted, routed, rolled over individually or in batch , Automated Diaries Help, · Benchmark staff performance, · Increase staff productivity, · Improve service quality and reduce costs, · Avoid "late" fines for "reserve" adjustments and reports, Bill Review System, · Simplifies and automates bill repricing, · Reduces invoiced charges to conform to industry standards, · Reduces the number of rejected medical provider invoices, · Calculates adjudicated payments, · Automates provider/employee communications, · Creates valuable reports, · Data analysis - i.e. WC claims and healthcare expenditures for the period, ·Random Sample - i.e. User specified criteria, ·Procedure Experience Profile - i.e. Evaluates total billing code experience, ·Provider Experience Profile - i.e. Evaluates total service provider experience, ·Volume Series - i.e. Determines aggregate savings/occurrence information by billing information by billing code and service provider