Insurers must carefully format and accurately submit workers’ comp data to state jurisdictions and Data Collection Organizations (DCOs) in a timely manner. Requirements vary from state-to-state and from one DCO to another as new reporting requirements are released frequently. Inaccuracies in data reporting can lead to fines and penalties.
Insurers can take workers’ comp data reporting and analysis to the next level with wcPrism.
Automates required claim reporting to the state jurisdictions and DCOs through a single comprehensive data feed.
Monitors workers’ comp data reporting requirement changes mandated by the industry and automatically triggers required outputs for all services according to industry reporting standards.
Prior to submission, wcPrism validates outputs for all services based on the same edits run by state jurisdictions and DCOs.
Provides automated data transmission to ClaimSearch® for fraud detection and to MSP Navigator® for Section 111 Medicare reporting to CMS.
Leverage the wcAnalyzer dashboard to evaluate your EDI FROI/SROI reporting and compliance performance, identify areas of concern, and avoid potential fines.
Learn about our leading-edge technology, experience, and expertise across the workers’ compensation regulatory experience for all EDI states and DCOs.
Managing numerous compliance reporting obligations can be overwhelming, especially when working through technical challenges in EDI states. If you struggle to keep up with each jurisdiction's specifications, we have a tool that can help.
Satisfy states’ electronic compliance requirements for first and subsequent reports of injury (FROI/SROI) with accuracy and confidence
Satisfy state data collection organization requirements for aggregation, valuation, and submission of unit statistical reports (USRs)
Satisfy DCO requirements for reporting specific claims data elements and values for random samplings of indemnity claims
Maintain accuracy in reporting policy information (WCPOLS) to individual DCOs and avoid noncompliance fines
Consolidate all medical bills into one data warehouse to manage compliance reporting for all DCOs
Meets requirements for aggregation and valuation of indemnity claim data for the submission of the indemnity data call to the DCOs
WcPrism is part of our full suite of claims solutions that provide compliance, reporting, and decision support tools and services.
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