It’s YOUR D@*# Data: You Shouldn’t Pay for Your Risk Management Data February 16, 2021 By Origami Risk Your RMIS data is at the heart of critical decision making. When it comes time to change vendors, your risk management data shouldn’t cost you. Yet, if some vendors charge exorbitant fees to get it back, is it really your data? With some RMIS vendors charging between $10,000 and $35,000 for data exports, taking months … Continued
What Happens When Insurance Doesn’t Actually Transfer Risk? January 26, 2021 By Origami Risk Insurance is foundational to risk transfer strategies, but what happens if an insurer can’t, or won’t, pay out? We explore how unifying policy and ERM data can uncover hidden, residual risk. This article was originally published when the insurance industry was just beginning to wrestle with denials in business interruption claims from COVID-19 closures and … Continued
Finding Added Value in a RMIS: Five Benefits of Using the System for Litigation Management November 10, 2020 By Origami Risk Managing claims-related emails, forms, and other documents can be a challenge, especially when claims data and files are spread across multiple systems. That challenge only grows when claims result in litigation. Not only is there additional documentation, but there is also the need to share that information with the legal department and other parties involved … Continued
How to Use ODG Data to Improve Workers Comp Case Management November 2, 2020 By Origami Risk This post was originally published on Risk Management Monitor. Regardless of whether or not their organizations operate in states where the use of Official Disability Guidelines (ODG) has been adopted/mandated, risk managers can often leverage ODG data and the claim data from their risk management information systems (RMIS) to benchmark the medical and lost-time components … Continued
RMIS switch ahead? 5 factors to avoid hidden costs and lost time November 2, 2020 By Origami Risk Perhaps outdated technology or the need for functionality that can handle changes to risk management practices means your existing RMIS has outlived its usefulness. Or, based on recent developments, you may be taking proactive steps in the face of the uncertainties that come with the acquisition of your RMIS vendor. Regardless of why you’re looking … Continued
Elevate to better outcomes: How clients are solving real-world problems with Origami Risk October 27, 2020 By Origami Risk A flexible, intuitive interface. Software expertise combined with insurance and risk experience. A collaborative approach to implementation that’s different by design. When selecting a Risk Management Information System (RMIS) that meets your needs, each of these elements is important, but in today’s market, they are baseline requirements. The critical factor influencing the choice of a … Continued
Create a High-Reliability Hospital with Healthcare Risk Management Software October 27, 2020 By Origami Risk Hospitals and healthcare systems looking to prioritize patient and employee safety often phrase their initiative as a way to reduce adverse events. The word “reduce” implies that the number of adverse events can be lowered but not eliminated entirely. It implies that some adverse events are simply unavoidable. But what if organizations changed their mindset? … Continued
A Stranger is Calling — The impact of RMIS service team turnover October 27, 2020 By Origami Risk How many members of your current RMIS vendor’s service team have come and gone over the course of your relationship? What about the number of service team leads who have guided support efforts on behalf of you and the other users of your RMIS software? When you dial into a meeting and get introduced to … Continued
Selecting a Core Platform that Fits Your Digital Technology Strategy October 26, 2020 By Origami Risk Modern digital administration platforms stand to vastly improve the productivity and capabilities of insurers, their staff, their digital infrastructure, and the organization as a whole. According to McKinsey, “standard [software] systems are typically much more streamlined and include ready-made functionality for pricing, underwriting, customer self-service and automation, and claims processing. As a result, they can … Continued
Improving the claims process with an integrated claims administration system October 23, 2020 By Origami Risk What stands in the way of a more efficient claims administration process? For too many organizations the answer to that question is a reliance on disparate systems, including the use of outdated legacy claims management systems. The adoption of an integrated, SaaS claims management system that combines workflow automation tools with all of the functionality … Continued