{"id":1799,"date":"2022-08-05T11:32:15","date_gmt":"2022-08-05T11:32:15","guid":{"rendered":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/?p=1799"},"modified":"2022-08-08T09:04:35","modified_gmt":"2022-08-08T09:04:35","slug":"acrometis-platforms-now-on-ibm-cloud","status":"publish","type":"post","link":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/acrometis-platforms-now-on-ibm-cloud\/","title":{"rendered":"Acrometis Platforms Now on IBM Cloud"},"content":{"rendered":"

Read the original story from IBM<\/a><\/h4>\n

Workers\u2019 compensation insurance covers employees who get injured at work and lose their ability to earn income. Typically, the employer agrees to pay an injured employee so they are not personally financially affected because of something that happened while they were working.<\/p>\n

What that means, though, is the compensation is also high in comparison to other types of insurance. Compensation typically includes wage replacement in addition to coverage of medical costs. Workers are paid until they\u2019re well or determined to be disabled. There is no limit to what could be paid out once a claim has been accepted.<\/p>\n

The insurance company that represents the employer must determine the right compensation. It\u2019s a complex decision, and it\u2019s made on an individual basis that involves information from multiple sources. There are fines associated with not following the regulations correctly. There is also a good deal of third-party interest, such as attorneys who are trying to help injured workers maximize their benefits. There is also the potential for fraudulent claims.<\/p>\n

The adjuster on the payer\u2019s side must keep up with and manage spending appropriately, which is a big job.<\/p>\n

Acrometis<\/a>\u00a0offers an automated platform for processing workers\u2019 compensation claims that can help control not only the cost of claims handling, but also the cost of claims themselves.<\/p>\n

A rules-based platform for workers\u2019 compensation claims<\/h2>\n

Processing claims is typically a slow, tedious process.<\/p>\n

The proprietary Acrometis solution scans, indexes and applies rule sets to assist the claims processor in validating that the injury is real, as well as whether the claim submitted could actually have happened in the workplace.<\/p>\n

Acrometis helps ensure that information about a worker\u2019s health history unrelated to the workplace injury is excluded as early as possible to keep claims processing costs low. The solution also automates simple filings and payments.<\/p>\n

After things are screened out or automatically processed, the remaining parts of the claim \u2014 approximately 25 percent \u2014 are what is left for the adjuster to work on.<\/p>\n

A proprietary solution on IBM Cloud<\/h2>\n

Acrometis leadership decided to migrate from a self-managed private cloud to the\u00a0IBM Cloud<\/a>\u00a0so the company could put in place the infrastructure and framework necessary to scale more quickly and easily as we grow.<\/p>\n

IBM partnered with\u00a0Datica<\/a>\u00a0to implement the HITRUST common security framework to help Acrometis meet security requirements inherent in HIPAA.<\/p>\n

HIPAA regulations are excluded from workers\u2019 compensation, but Acrometis leaders believe it\u2019s still good practice to protect its client data, and IBM, together with Datica, gives the company the highest level of data protection and integrity.<\/p>\n

The migration was a smooth and comfortable transition.<\/p>\n

A way to save time and money<\/h2>\n

The Acrometis platform helps workers\u2019 compensation insurers comply with state mandates and changing regulations.\u00a0<\/strong>Acrometis customers can choose to automate parts of their workflow or automate the entire claims process.<\/p>\n

Point solution customers might experience a 40 percent improvement over a manual process where they have plugged in automation, such as in the document management process where AI increases efficiency. Automation customers are realizing 20 to 23 percent reduction in overall costs, including the loss costs.<\/p>\n

Learn more<\/a>\u00a0about the Acrometis solution for automating workers\u2019 compensation claims.<\/p>\n","protected":false},"excerpt":{"rendered":"

Read the original story from IBM Workers\u2019 compensation insurance covers employees who get injured at work and lose their ability to earn income. Typically, the employer agrees to pay an injured employee so they are not personally financially affected because of something that happened while they were working. What that means, though, is the compensation […]<\/p>\n","protected":false},"author":1,"featured_media":1813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-content\/uploads\/2022\/08\/Picture-from-Jerrys-IBM-article.jpg","_links":{"self":[{"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/posts\/1799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/comments?post=1799"}],"version-history":[{"count":2,"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/posts\/1799\/revisions"}],"predecessor-version":[{"id":2182,"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/posts\/1799\/revisions\/2182"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/media\/1813"}],"wp:attachment":[{"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/media?parent=1799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/categories?post=1799"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/box5859.temp.domains\/~wcinsigh\/adaptiveprocessing\/wp-json\/wp\/v2\/tags?post=1799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}