FINEOS Corporation, a provider of claims management software,announces the release of FINEOS version 7.5, the latest release ofits claims management platform. The latest version includes a newlydesigned user interface (UI) and a comprehensive set of out-of-thebox features to improve ease of use and promote fasteradoption.

“FINEOS Claims is a full feature 'out-of-the-box' claims systemthat is delivered with industry best practice business content,documentation and business training to enable organizations toquickly exploit the product within their business,” says MichaelKelly, CEO of FINEOS. “The system can be configured and implementedquickly for the large enterprise carriers as well as smaller claimsorganizations and this is testament to the maturity, leadership andsolidity of the product.”

FINEOS 7.5 offers the following enhancements:

• Automation of complex payment-related calculations including USFICA, FIT & SIT taxes, partial & optimum earnings offsets,index-tracking cost of living adjustments (COLA) and statutoryinterest on payment of a death benefit.
• Pre-configured processes to manage each stage in the claimslifecycle including information gathering from third parties,eligibility rules, mandated timeframes for the initial claimdecision, benefit approval authority limits and associated workflowand low-touch processing.
• Pre-configured claim intake scripts designed for use in both acall center environment and in the back-office where the ability totranscribe rapidly from a manually completed paper claim forms iskey.
• New Vocational Rehabilitation Plan component to the electronicclaim file, providing a structured approach to the vocational rehabprocess from planning through goal-setting to the measurement ofoutcomes.
• New Claimant Viewpoint providing 24/7 self-service access tolive claim status and payment data, as well as secure documentsubmission and messaging facilities.
• New User Interface built using HTML 5 to create an ultra-cleanlook to improve user efficiency. Key information is availableat-a-glance with fewer clicks to access common actions and navigatearound a multi-benefit claim. A single chronological view isprovided of all events and activity that have taken place over thelife of a claim.
• Ability to use solution on a desktop or tablet is fullysupported out-of-the-box.

“FINEOS 7.5 enables disability and life insurers to benefit fromthe massive investment we have made in features and capabilities,allowing them to get up and running quicker,” says Jonathon Boylan,FINEOS CTO. “This solution offers a compelling option for insurersusing increasingly costly legacy systems or those dealing with thechallenges of systems not designed especially for disability andlife claims”.