FastTrack Adds New Tool to Help Life Insurers Better Manage Their Life Waiver Risk Management Process

FastTrack Technology Helps Life Carriers Verify Employability for Claimants & Provides Automated Vocational Validation and Documentation

BEDMINSTER, NJ – January 17, 2012 – FastTrack Return-to-Work Solutions today announced the release of its Life Waiver Management Tool.  Aimed at Carriers and Third Party Administrators with Life and Disability operations, the product helps to more efficiently manage the Life Waiver process, for both new and existing Life Waiver claims, by automatically verifying employability for Life Waiver claimants within their existing restrictions and limitations.  The new  technology provides automated vocational support for liability decisions within an ONET/DOT framework.  In addition, a strong set of validation and documentation reporting tools are provided.  It is currently being implemented at one of the nation’s largest Life Insurance carriers.

Sean Rutherford, FastTrack’s Vice President of Product Management stated, “We are very excited to add this new tool to our suite of FastTrack tools.    Our technology provides a great opportunity for Life Carriers and TPA’s to more actively manage their Life Waiver operations in a cost effective manner to produce faster and more effective claim resolutions while simultaneously providing automated vocational validation and robust reporting to support all risk management outcomes”.

“We believe that FastTrack will allow us to achieve both better outcomes for the injured worker and reductions in claim duration resulting in both positive outcomes for the injured worker and insurer,” said David Bramwell, Monument’s Managing Director. “Implementing this technology will also provide our customers with an additional value-added service.”

About – FastTrack is a suite of tools utilized by Life Insurers, Short/Long Term Disability and Workers Compensation insurance carriers, self-insured employers, TPA’s and Case Management providers to enhance their current Return-to-Work initiatives.

For further information, please contact:

Robert Kuller, Vice President – Marketing and Corporate Relations