What is TerraClaim?
TerraClaim is a cloud-based claim management software built to improve claim outcomes for automated and streamlined Property and Casualty (P&C) insurance.
What are the benefits of using TerraClaim?
The benefits of using TerraClaim are:
- Claim automation to streamline the settlement of claims.
- Machine learning for customizable claims processes & workflows.
- Fast visualization of the claim process using intelligent maps.
- Cloud platform that connects claims vendors with payers.
- Access to benchmarking data from over 10 million claims.
- User friendly dashboard for fast and easy performance reviewing.
- Reliable and anonymous claim data warehouse.
- Filter and search capabilities for detailed segmentation.
- Automates referral process to reduce manual data entry.
- Customized reports.
Who uses TerraClaim?
TerraClaim is designed to fit the needs of multiple insurance workers such as:
- The Self-insureds
- Third Party Administrators
- Professional Employer organizations
- Insurance carriers
- Risk Managers
- Insurance Adjusters
What kind of claims will TerraClaim work with?
TerraClaim is designed to fit the needs of multiple insurance workers such as:
- Property Insurance
- Casualty Insurance
- Auto Liability
- Commercial General Liability
- Worker’s Compensation
What is “Claim Benchmarking”?
Claim benchmarking is a unique module used for performance measurement. TerraClaim is the industry’s first P&C Claim Benchmarking System that guarantees anonymity while allowing participants to compare their claim performance against the broader industry of self-insured and large deductible claims data.
How can I use the TerraClaim Benchmarking module?
You can track multiple items through powerful filters and by generating reports. Compare two periods of your own work or compare yourself to competitors. For example, how much are each of you paying for the same claim? You can filter through areas, types of claims and much more.
How does the data base work?
The TerraClaim benchmarking database was built for industry-specific comparisons and contains data from over 3,700 companies and 10,000,000 unique cases per month. Our system is reliable and anonymous to assure confidentiality.
What does the TerraClaim Management module do?
The comprehensive cloud-based management module can efficiently streamline an entire claim process, centralize information and proactively prevent fraud with AI. Users can organize and save data then create reports to learn how to streamline their processes.
What is “Vendor Connect”?
Vendor Connect is a platform that connects claim vendors with payers on Property and Casualty claims. Use this tool to streamline ordering, provide better access to claim data and dramatically reduce the time spent on the ordering process.
What are the benefits on Vendor Connect?
Vendor Connect has easy-to-use workflows and automates referral processes to reduce manual data entry. Increased communication quality will benefit vendors such as nurse & telephonic case management, transportation, independent medical exams and more.
What does ‘modular’ mean in TerraClaim?
Modular means that users can access all three modules (Management, Benchmark and Vendor Connect) or just select the ones they need. The type of license users have can help determine which TerraClaim modules they should have access to.
Can I see TerraClaim in action?
Yes! We can schedule a demo and share the best way to transform your claim management process. Click here to schedule a free demo
