You
will:
Be able to manage your entire risk
financial needs.
Maintain the integrity of
financial information.
Authorize users at
predetermined financial levels.
Make Risk Management decisions
based on specific financial data.
RiskPro
will:
Provide complete coverage of all
financial aspects of claims management.
Manage international currency.
Provide unlimited reporting
capability.
Give you the most comprehensive
financial management program available.
RiskPro
helps manage all risk management
finances, from an individual claim to your total risk
financial picture. The Financial module allows
users the ability to manage ten different account types
for each claim.
RiskPro
allows the user to set reserve amounts for each claim.
Each reserve transaction is recorded in the database for
future analysis and reporting. Payment information is
managed in the Accounting section.
Payments and Total Incurred are tracked for each of the
ten account types and at claim totals.
RiskPro
uses the Accounting Module for complete
management of checks to claimants and vendors. A
client’s current check requisition process can also be
managed through the application. Accounts Receivable, Accounts
Payable, and Checkbook are the key
components.
Accounts
Receivable
RiskPro
enables risk managers and other users to track and
manage receivables through the Accounts
Receivable section of the program. The
receivable is attached to a claim and the details are managed through the Accounts Receivable Detail screen.
Accounts
Payable
The
Accounts Payable section allows the user to manage Claimant and Vendor Payments.
Checks issued to claimants and vendors are prepared in
this section. The client’s current check requisition
process is also managed through the basic
application.
Checkbook
The
Checkbook section
functions as a checking account reconciliation. The user
is able to view, make deposits, cancel checks and track
information relating to claimant and vendor checks that
have previously been issued.
The
Checkbook maintains balance information from both
Accounts Receivable and Accounts Payable.
Enter deposit information in the Checkbook reconciles your risk accounting. An on-demand check
register showing all payments and disbursements is
created in the Reporting section.
RiskPro
will:
Interface directly
with accounting functions (General Ledger).
Maintain the
financial history of each claim.
Reference
accounting codes, related payment or recovery
codes, and issue check numbers for reports
(audit trail and reconciliation between claims
and accounting systems).
Support claim
payments.
Track medical
procedure and/or diagnostic codes, and
applicable fees.
Print
checks or check requests for manual submission
to Accounting departments.
Edit payments
previously entered, but not yet printed.
Generate an
invoice.
Allow batch
printing of checks.
Require
Supervisor on-line approval of payments/reserves
exceeding adjuster's authorized maximum.
Confirm that
payment request transactions have been accepted.
Scan the database
for duplicate payments.
Support multiple
payment categories on a claim-by-claim basis.
Flag a
payment that should be returned to an adjuster
for hand carried delivery.
Support on-line
calculations.
Reflect
account balances when payment is entered (in
contrast to when checks are printed).
Cancel payment
requests previously entered in system.
Modify
payment requests awaiting batch processing
restricted by length of time (24 hours) between
original input and the updated transaction.
Modify
payment requests awaiting batch processing
restricted by user specified fields.
Allow reporting of
reserves by adjuster.
Includes reserve
tracking ability to derive total amounts by
account type.
Calculate reserves
based on actual financial history.
Allow the user to
edit claim reserves.
Provide for
numerous reserve categories.
Provide
a history of reserve modifications on a claim
(i.e., Expense or Liability type, date of
change, amount of increase/decrease, and
adjuster identification.
Deny payments
above reserve amount automatically.
Track invoice
history.
