Advancing Data Collection and Eliminating Administrative Tasks through FastTrack’s OCR/ICR & Barcoding Technology
Transform Paper Communications into Highly-trackable Digitized Data.
Data that's empowering insurance companies to mitigate risk and improve customer experiences.
Legacy administrative processes have undeniable weaknesses: inefficiency, inconsistency, lack of repeatability, and lack of robust reporting – all of which contribute to inaccurate and delayed decision-making.
Today, your claims and underwriting professionals are likely collaborating with your medical professionals to interpret medical records and hand-written physician office notes. Our digitized data collection methods and on-line portal capabilities provide a more efficient means to gather medical information – including Restrictions & Limitations (R&L’s) and current functional capacity – for claimants and policy applicants. Our on-line portal enables customers to get real-time status updates on their claims and/or underwriting applications. Once received, the information enables FastTrack to create a digital profile of the claimant or the policy applicant which can be easily and effectively leveraged to enable accurate and timely claim benefit and underwriting application decisions.
Further, FastTrack’s suite of claims products and services helps claims professionals triage claims and fully understand their risk management options, enables process automation based on the carrier’s customizable workflow and business rules, and makes possible comprehensive data collection and analysis to establish best practices for disability and life waiver claims management. With FastTrack’s Automation Tools you can feel confident your data is telling you and your clients an accurate story, allowing for intelligent, data-driven decision-making.
Learn how FastTrack’s Robotics-driven Technology – combined with Digitization & Process Automation – creates clear data-driven outcomes and allows you to better manage risk along the way.
The Advantages
- Vastly Improve Risk Management Decisions
- Virtually Eliminate Human Error
- Establishes Robust Data-driven Outcomes
- Leverage the Digitized Data to Quickly Understand Functional Capacity
The Outcome
FastTrack's State of-the-art Barcoding and OCR Technology has Eliminated up to 85% of Manual Administrative Activities
Additional Automated Solutions & Services for the Life and Disability Insurance Vertical
Ready To Learn More?
Contact us to schedule an information session and demo to learn how FastTrack’s Suite of Automation Tools can dramatically improve your Life & Disability Claims Best Practices.
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