Acrometis, the industry leader in workers’ compensation claims processing platforms, and Willis, a leading global risk advisory, re/insurance broking, and human capital and benefits firm, have partnered to launch Willis’ Advanced Technology Strategic Risk Planning (SRP) process. More advanced and comprehensive than traditional strategic risk management, this in-depth analysis of claims management systems and resulting technological improvements substantially increase operational efficiencies while reducing claim related expenses and improving shareholder values.
The Willis Advanced Technology SRP solution will be powered by CLAIMExpert, Acrometis’ powerful claims-processing platform which incorporates over 10,000 business rules to process all incoming documents to ensure appropriateness, relatedness and eligibility in every jurisdiction. Willis and Acrometis will work in partnership with their clients to identify organizational goals, define risk management objectives and establish metrics and solutions to achieve these goals. Once measurable targets are in place, clients will be advised on a best-fit long term solution, employing best practices and technology, designed specifically to reduce payer’s claim related workers’ compensation expenses.
“The domain expertise and advanced technology Acrometis provides will significantly help our workers’ compensation clients streamline their claims systems to see much better outcomes in record time and at a substantially lower cost. CLAIMExpert will be an integral component of our advanced technology SRP offering,” said Joe Picone, Willis Claim Consulting Practice Leader.
With rapid implementation in as little as 90 days clients can expect positive results day one, and will continue to enjoy significant decreases in operational costs, medical bill allowance and inappropriate billing charges on an ongoing basis. CLAIMExpert incorporates the Work Loss Data Institute’s ODG guidelines, which offer added value to clients looking to employ evidence-based medicine to reduce claim duration and problematic claims.
“We are excited to partner with Willis, a proven and highly regarded global leader recognized for their expertise and proven success in our industry. Willis enjoys a well-deserved reputation for integrity and customer commitment and we are honored to have the opportunity to work alongside them in pursuit of our respective clients business goals,” said Jerry Poole, president and CEO of Acrometis.
“The Willis Advanced Technology SRP combines their accomplished and proven Best Practices with the power of advanced, high fidelity software technology focused on reducing workers’ compensation costs, empowering claims professionals to advance the state of their profession. Combined, Willis and Acrometis provide a comprehensive solution resulting in decreased expenses and improved outcomes for injured workers,” Poole said.
Willis Group Holdings plc is a leading global risk advisory, re/insurance broking, and human capital and benefits firm. With roots dating to 1828, Willis operates today on every continent with more than 18,000 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world’s leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website, www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.
Acrometis’ CLAIMExpert® is a rules-based claims processing platform that deterministically routes claims documents and bills, allowing for meaningful changes to the claims processing environment that in turn leads to maximized cost savings, efficiency, and productivity gains over the lifecycle of a claim. For more information about Acrometis and CLAIMExpert, please visit www.acrometis.com or call 855.282.1476.