Sapiens Americas, a wholly owned subsidiary of Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and the Yukon Workers’ Compensation Health and Safety Board announced today that Yukon has rolled out a newly upgraded version of Sapiens ClaimsPro workers’ compensation platform. The new version includes a state-of-the art technology stack and will enable Yukon to further streamline end-to-end claims processing and reduce claims processing expenses as well as settlement costs. The upgraded version will also enable Yukon Workers’ Compensation Health and Safety Board to respond quickly to new business requirements that are even more critical during the pandemic.
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Yukon, funded solely by regional employers, first partnered with Sapiens in 2006, and has been using Sapiens ClaimsPro since then. Sapiens ClaimsPro workers’ compensation platform provides workers’ compensation carriers with one-click access to key features as required by regulation, configurable claims rules, intelligent workflow and claims business intelligence dashboards, which offer highly personalized, advanced drill-down capabilities.
“The combined Yukon and Sapiens team are very proud of this seamless upgrade and roll-out,” said Jackie Janowiak, Sapiens’ senior vice president for client services. “Our teams collaborated to ensure that Yukon’s end-user community will fully benefit from the new technology stack refresh.”
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“Both teams worked seamlessly to get this initiative completed and successfully deployed,” said Greg Lane, Yukon’s CIO. “In fact, with the current restrictions on travel and on-site work, we successfully deployed this project with our Sapiens team, completely virtually. We are very pleased with the smooth roll-out of this major accomplishment.”
Sapiens ClaimsPro workers’ compensation platform support carriers to improve operational performance by reducing claim inventories and supporting medical costs using advanced outcome-based case management. Its real-time payment processing allows automatic and split payments, offsets and deductions, refunds, transfers and 1099 processing for financial efficiency. The platform’s rules-driven auto-adjudication and decision support enables proactive case management that reduce claims time to settle and claims closure.
“With the additional innovative features and technologies of this new release, we have greatly enhanced the user experience, expect to gain additional efficiencies and eliminated significant technical debt,” said Greg Lane, Yukon’s CIO.
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