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Ventiv Claims

Score8.3 out of 10

32 Reviews and Ratings

What is Ventiv Claims?

Ventiv Claims Administration software is designed to handle claims with speed and precision.

Categories & Use Cases

Media

Claim Frequency by Age/Claim Severity by Age
Graphical Representation of Claims Frequency and Severity by Age
Unreviewed Documents by Examiner
Graphical Representation of documents that have not been reviewed by file handler
ODG Comparison – Total Cost
Graphical representation claim cost benchmarked against ODG Guidelines
Vendor Payment 
Graphical representation of payments made over time, payments by transaction, and total amount paid for specified time frame
Policy Participation
Graphical Representation of reinsurance layers for a specific policy
Claims by Month
Graphical Representation of claims entered by month that includes a filter for claim year and status

1 / 6

Everything in one system to make the end user experience easy to navigate-no other software needed

Use Cases and Deployment Scope

In the Risk Management Services Department, we administer benefits for a pool of self-funded municipal entities. Workers Comp, Property/Casualty, and Underwriting all work with Ventiv. Ventiv is our claims management system, reporting system, and policy/underwriting system.

Pros

  • Updating system for state/federal compliance.
  • Always looking for ways to make the experience better.

Cons

  • Imbed link to Ventiv University topic in Ivos online help instructions.
  • With some calls/or Zoom meetings, we need an interpreter or some way to assist in better understanding when talking to the Help Desk.
  • advising Users about the functionality that would serve us better
  • Document image and User mail could use more enhancements to get the information from outside source into Claims Enterprise. The business rules for adding documents and claims mail need to bring in the description or subject to notepad

Return on Investment

  • Ability to automate reports.
  • Ability to customize system.
  • Financial reports.

Claims CE review

Use Cases and Deployment Scope

Full claims suite that includes compliance processing, correspondence and document management. This allows us to cut out several vendors to manage document processing and compliance.

Pros

  • Correspondence
  • Compliance
  • Email

Cons

  • Scheduled payments
  • Agnostic document import
  • Reporting ease

User Review

Use Cases and Deployment Scope

We use this product for claims management and processing with easy of use. The functionality of the system allows us to track each claims status and know when we need more information or when it’s time for us to proceed with certain actions. The main screen allows for searching through multiple different ways in the case that information we need isn’t being given to us by our members.

Pros

  • Search functions
  • Claim tracking

Cons

  • Expanded search functions
  • File type allowance in claims

Return on Investment

  • Employee satisfaction

Happy and Thankful Client

Use Cases and Deployment Scope

Ventiv is the claims application for my Workers' Compensation Joint Powers Authority. We insurer 90 plus school districts and over 43,000 covered employees. In the event one of these covered employees are injured on the job, we administer there workers compensation benefits via Claims Enterprise or IVOS. IVOS is also the claims application for our Liability JPA which has over 140 member school districts.

Pros

  • Distribution of benefits.
  • Correspondence.
  • Loss history.
  • Loss run reports.
  • State reporting.
  • CMS Reporting

Cons

  • Navigation within claims screens can be difficult at times.
  • Report Writing can be a bit more user friendly.
  • Security Administration could be a bit more user friendly.

Return on Investment

  • Has allowed for timely provision of benefits to our injured employees.
  • Allows for completion of all state mandated reporting.
  • Business Rules are very help in structuring and setting into place good claims practices.

Other Software Used

Laserfiche

Ventiv Review

Use Cases and Deployment Scope

We use Ventiv Claims for managing and adjusting all of the City's auto and general liability claims. At one time, it was used to handle workers' compensation claims, but we no longer use that function because we brought on a third party administrator.

Pros

  • Stores data.
  • Easy access.
  • Good format

Cons

  • Way to detailed for what we use it for.
  • Reporting is cumbersome.

Return on Investment

  • It's an average product.

Alternatives Considered

DXC Insurance RISKMASTER

Other Software Used

Cinch, DXC Insurance RISKMASTER, iCareManager