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LTCG Streamlines Claims Processing with Nintex’s Full-Cycle Automation
Applicable Industries
- Finance & Insurance
- Life Sciences
Use Cases
- Leasing Finance Automation
- Material Handling Automation
Services
- Cloud Planning, Design & Implementation Services
The Challenge
Long Term Care Group (LTCG), a leading provider of business process outsourcing for the insurance industry, was facing a significant challenge in managing its day-to-day operations. A large proportion of LTCG’s work was based on handwritten documents such as notes and faxes, which required labor-intensive, manual efforts to process. These tasks were not only repetitive and time-consuming but also prone to human error. Furthermore, LTCG uses a proprietary software solution to interface with corporate insurance clients, adding an extra layer of complexity to the situation. Compatibility with this solution was a key prerequisite for LTCG when adopting new technologies. The company was in dire need of a solution that was straightforward to implement, very reliable, and easy to scale up at a later date.
About The Customer
Long Term Care Group (LTCG) is a leading provider of business process outsourcing for the insurance industry. The company manages complex long-term care portfolios to maximize financial performance. LTCG has more than 1.4 million long-term care policies currently under its management, representing nearly 20% of all active policies. The company serves over 50 national carriers, including every one of the top 10 insurers in the long-term care market. Based in the United States, LTCG is a significant player in the Health & Life Sciences industry.
The Solution
LTCG turned to Nintex’s full-cycle automation suite powered by AWS cloud to streamline their insurance billing and claims processing procedures. The company opted to use Nintex’s unique process discovery tool, part of the Nintex full-cycle automation suite, to identify further processes to automate in the insurance applications, billing/administration, and claims processing domains. The Full-Cycle Automation Suite is platform and application agnostic, meaning that it would have no trouble integrating seamlessly with LTCG’s existing proprietary software. In under two weeks, 83 unique processes were discovered and seven of these were rapidly automated. As a result, LTCG realized an improvement of up to 70% proficiency in claims processing, with human error practically eliminated.
Operational Impact
Quantitative Benefit
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