Employability Assessment Verification - FastTrack Risk Management Automation Tools

Automate the Transferable Skills Analysis (TSA) and the Labor Market Survey (LMS) processes with FastTrack's Employability Assessment Verification Services

FastTrack EAV Automation Tools Icon

Employability Assessment Verification Tools (EAV)

Automation Technology Designed to Get Your Claimants Back To Work – Fast!

Reduce Operational Risk while Improving Staff Productivity.

FastTrack’s Employability Assessment Verification (EAV) Tool is designed to automate the Transferable Skills Analysis (TSA) and the Labor Market Survey (LMS) process. The claimant’s Restrictions & Limitations (R&L’s) and Training, Education and Experience (TE&E) information is leveraged to systematically identify occupations that the claimant is capable of performing. The EAV service further refines the occupations identified to ensure the carrier’s desired ‘gainful wage’ is considered as well as identification of only those occupations that exist within the carriers defined ‘labor market’ for the claimant.FastTrack’s EAV tool is available to insurers to be used on their claims professionals’ desktops. Insurers may also outsource the EAV process entirely to FastTrack, in which case each EAV report is produced and reviewed with recommendations provided by a credentialed, experienced FastTrack Vocational Rehabilitation Specialist. EAV services are currently being used by several major insurers to deliver key information to their Vocational Rehabilitation and medical professionals, providing enhanced objectivity, consistency, repeatability, and defensibility for claims operations.To learn more about our unique technology, click here:Robotics RPA's | Digital Process Automation | Automated Occupational Matching
Employability Assessment Verification Automation Tools

The Advantages

For The Carrier:

  • Provides enhanced staff productivity by combining two individual processes (TSA and LMS) into one standardized, automated, consistent, repeatable and comprehensive best practice process
  • 4% of EAV’s are providing occupational matches that demonstrate capacity for “any occ” functional capacity at the Change of Definition
  • Insurers utilizing the EAV tool are experiencing a return of $12.62 for every $1.00 invested through enhanced return-to-work and risk management outcomes

 

For The Clinical/Medical Specialist:

  • Provides a broader consideration of occupations (up to 13,000) which can be performed by the claimant within their current R&L’s, gainful wage and labor market
  • Creates a business process that ensures consistency in outcomes in occupational identification
  • Reduces operational risk through producing objective and legally defensible occupational identification

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.

About FastTrack

FastTrack – a Kamine Technology Group (KTG) division – is a full-service intelligent technology solutions provider in the Life & Disability insurance vertical. Leading the way for more than 10+ years, FastTrack boasts a growing client portfolio consisting of a large ratio of top-tier insurers in both the Group and Individual marketplace in the USA and Canada. Our made-for-insurance intelligent technology, enhanced by decades of on-the-job insurance industry expertise and AI, digitizes & automates up to 90% of the claims journey, from claim intake to adjudication, resulting in lightning-fast claim outcomes that typically improve Claim Handle Time by 30%-40%. FastTrack helps insurers free up valuable human resources to focus on mission-critical tasks, such as improving the customer experience and making informed claim decisions. Furthermore, FastTrack’s suite of technology solutions and services empowers insurers to triage claims, understand risk management options, reduce manual administration, save on interest expenses, create straight-through processing opportunities, leverage comprehensive data via online Claimant, Beneficiaries, Employers, Agents/Brokers portals, and create digital claimant profiles to achieve informed, consistent, repeatable, defensible, and objective claim decisions.

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