FINEOS Corporation, a provider of claims management softwaresolutions, announced that it has enhanced its FINEOS Claims forWorkers' Compensation solution. The new version offersadditional capabilities and functionality around Medicare andFROI/SROI reporting; real-time operational and financial reportsand medical bill review.

FINEOS is a global provider of workers' compensation claims systems. Last year it launched its solution for the U.S.market to address multi-state compliance and reportingrequirements.

The solution offers insurance carriers, TPA's, self-insureds,state funds and other government entities complete claims lifecyclemanagement including intake, payments, reserves, providermanagement, and other claims processes. The U.S. solution has beendesigned to address issues such as compliance, fraud detection, andmedical management. It can also integrate with databases tohelp organizations evaluate claims status against accepted theclaims handling and recovery timelines.

This announcement coincides with FINEOS' expansion into thebroader U.S. property/casualty market. FINEOS Claims forProperty & Casualty has been developed to serve all major linesof business and leverages FINEOS' industry experienceinternationally to create a solution that is uniquely geared towardaddressing claims issues faced by US P&C insurers. The solutionintegrates with complementary claims services to offer acomprehensive solution that can help insurers achieve the benefitsreported by current FINEOS customers in areas such as productivity,efficiency, customer service, and claims payment accuracy.

“We are pleased to launch this new version of our workers'compensation solution,” says Michael Kelly, CEO of FINEOS Corp.“Using FINEOS Claims will enable carriers and state funds' to offera consistent and transparent claims service, which in turn createsmutually beneficial outcomes for employers, providers, workers'compensation writers, and injured workers.”