StoneRiver Introduces SaaS Solution for Workers’ Compensation

StoneRiver, Inc., an insurance technology solutions partner across multiple business lines, announces the introduction of CompSuite, StoneRiver's Software as a Service (SaaS) solution for workers' compensation.  CompSuite is positioned to address the workers' compensation business needs of the mid-market insurance carrier, third-party administrator, and managing general agency initiatives.  

CompSuite claims and policy administration components can be implemented individually or as a fully integrated workers' compensation policy administration and claims solution.  Two clients went into production on the CompSuite solution in the months of December 2012 and January 2013 respectively.  Both clients are longtime customers of StoneRiver with previously realized value on the Workers' Compensation Management System (WCMS) platform. 

 “We are excited to see the official launch of CompSuite and have appreciated the opportunity to work closely with StoneRiver on the new offering, says Lee Herzer, vice president of operations at CompServices. “We've been a long time user of StoneRiver's WCMS solution and have the utmost confidence in StoneRiver's dual expertise in workers' compensation processing and technology.  It's a powerful combination when an insurer is looking for a solution provider to partner with to modernize their workers' compensation operations.”

Herzer adds he was proud to report that the CompSuite implementation effort was successful. Using the StoneRiver WCMS solution as the development template, CompSuite includes all the capability and functionality with some key features and additions, including:

• Standard web-based features and tools;
• Self-administration and configuration features; 
• Home page task management tools; 
• Single page, all-in-one access to view policy, claim detail, history and performance; 
• No desktop footprint;
• An attractive and highly-functional user interface for a quality user experience;
• Extensive navigation and process flow options;
• Consolidation of data entry workflow for policy administration and claims applications;
• Integration of calendars and email;
• Options to download data to spreadsheets; and
• Look and feel consistent with StoneRiver Stream suite of solution offerings.

“CompSuite is a great example of what can be accomplished when a solution provider and insurers effectively partner, combine complementary areas of expertise, and focus on a common objective,” says Gary Anderson, president and CEO of StoneRiver. “The dialogue with our clients and their honest and insightful feedback continues to help us drive the direction and priorities for our product development and enhancements efforts. We look forward to migrating existing WCMS clients to the new offering, while we engage additional workers' compensation insurers to join the CompSuite user community.”