For any third-party administrator (TPA) that manages insurance claims and is looking to grow, onboarding new clients smoothly, quickly, and efficiently is a key challenge.
The sooner you can get a new client’s claims management solution (CMS) up and running, the sooner you can start managing their claims. But the traditional process of setting up new clients in the claims system can be a time-consuming and resource-intensive task, requiring a significant investment of IT and development resources.
That’s why we’re so excited to announce that our Claims Launchpad is now available to TPAs. You can read our press release here.
Claims Launchpad for TPA’s is a powerful tool that enables TPAs to configure unique workflows for each insurance carrier – rapidly, easily, efficiently, and flexibly. It also guides you through all steps needed to set up a new client in the claims system, including advanced configurations, with no need to spend precious development and IT work hours on this process.
What can Claims Launchpad do for TPAs?
As a leader in SaaS insurance claims management solutions, Five Sigma understands the challenges TPAs face when it comes to onboarding new clients. Now, with the launch of Claims Launchpad, we’re empowering all TPAs to make this process a breeze.
The best part? With Claims Launchpad, you can start handling claims for new clients in just minutes, rather than months – significantly reducing time to market. And as you continue to optimize and grow your clients’ operations, you can add more complex configurations and workflows, such as APIs and integrations.
Five Sigma Claims Launchpad allows TPAs to configure unique workflows for each carrier, guiding the user through all mandatory steps to set up a new client in the claims system. It even lets you choose from advanced configurations such as:
- Configuring exposures and coverages for specific lines of business.
- Selecting multiple lines of business.
- Adding payment methods.
- Creating notifications.
- Setting up telephony configurations.
- Defining assignment rules and workflows.
How does Claims Launchpad for TPAs complement Five Sigma’s other capabilities?
By streamlining the onboarding process with Claims Launchpad, TPAs can leverage technology as a key differentiator, offering a competitive advantage to help win new clients. By being able to offer prospective clients a quick setup process, you can confidently assure them that they will very soon be able to start enjoying highly efficient and reliable claims management.
Moreover, Claims Launchpad complements the simplicity, user-friendliness, customizability, and speed of Five Sigma’s claims software. Our end-to-end claims management technology optimizes claims processing through intelligent automation, provides data-driven recommendations to help adjusters make well-informed decisions, and delivers valuable insights to inform business strategies. This approach helps minimize both loss adjustment expenses and the risk of excessive incurred losses.
With Five Sigma, a wide variety of businesses – TPAs, insurance carriers, insurtechs, and self-insured companies – can take a streamlined approach to claims management, minimize the risks of overpaying or underpaying, ensure compliance, and provide an exceptional customer experience. By using data to empower claims adjusters, our customers can help their claims departments to optimize their performance and contribute to their companies’ overall profitability.
And now that Claims Launchpad is available to TPAs, it just got significantly quicker and easier to set up new clients and start handling claims, with no dependence on development or IT resources.
How exactly does Five Sigma empower claims departments to manage claims reliably and efficiently, while delivering a superior customer experience? And how can it help your TPA to attract and onboard new clients? To see for yourself, request a demo of our cloud-based, intelligent claims management solution.
