Transforming Self-Insurance: DXC Assure Risk Management Solution
Introducing DXC Assure Risk Management
DXC Technology (NYSE: DXC), a recognized leader in technology services, has unveiled a groundbreaking solution called DXC Assure Risk Management. This innovative platform is designed specifically for self-insured organizations, merging the power of artificial intelligence (AI) with seasoned human expertise to enhance employee care, manage healthcare expenses, and facilitate quicker return-to-work outcomes.
Understanding Self-Insurance Challenges
For self-insured organizations, rather than relying on conventional insurance models, the task is to use their own financial resources to cover claims. This approach presents unique challenges. Companies often find it tough to deliver high-quality employee care, deal with intricate regulatory requirements, control rising healthcare costs, and improve outcomes for employees returning to work.
Features of the DXC Assure Risk Management Solution
As of today, DXC's new offering is accessible globally. DXC Assure Risk Management provides a versatile platform that tackles these issues by integrating the following key features:
AI-Driven Processes
The solution automates claims workflows, mitigates operational risks, and includes health and safety management tools enhanced through intelligent automation.
Expertise at the Center
A dedicated team with in-depth insurance knowledge underpins the entire claims lifecycle, offering proactive claims prevention and conducting sentiment analysis.
Modern SaaS Technology
The platform is characterized by a persona-driven claims and risk management system that incorporates document automation and dynamic dashboards enriched with generative AI capabilities to optimize results.
Client Benefits and Expert Opinions
Ray August, President of Insurance Software and BPS at DXC Technology, states, "We are thrilled to roll out DXC Assure Risk Management, a state-of-the-art solution that effectively combines human skill, AI workflows, and advanced technology. This allows self-insured employers to manage every aspect of the claims lifecycle, ensuring better care and cost management for their injured employees."
Nathan Golia, a senior analyst at Celent, emphasizes, "While self-managing claims can lead to cost savings, it is crucial for self-insured organizations to adopt effective management processes comparable to full-stack insurers. This helps prevent leaks from the system and fosters smooth returns to work. Implementing AI and having care specialists on hand undoubtedly facilitate quicker recoveries for employees."
DXC Technology: A Trusted Industry Partner
Boasting four decades of experience, DXC stands as a reliable ally for 21 of the top 25 insurers. As an industry leader, DXC constantly pushes the boundaries of innovation, facilitating reduced complexity and lower costs across over a billion policies managed through its software solutions.
Learn More About Our Offerings
For additional insights into DXC Assure Risk Management, prospective clients and interested parties are encouraged to explore the DXC website.
About DXC Technology
DXC Technology (NYSE: DXC) is a premier global purveyor of information technology services. As a trusted operating partner for many of the most pioneering enterprises worldwide, DXC creates solutions that drive progress across industries. With experts in engineering, consulting, and technology, they assist clients in modernizing their systems, optimizing processes, integrating AI capabilities, and placing security as a top priority.
Frequently Asked Questions
What is DXC Assure Risk Management?
DXC Assure Risk Management is a cutting-edge solution combining AI and human expertise tailored for self-insured organizations to manage claims more effectively.
How does self-insurance work?
Self-insured organizations utilize their own funds to cover insurance claims instead of purchasing traditional insurance policies.
What are the benefits of the DXC solution?
Key benefits include enhanced claims management, reduced healthcare costs, and improved employee return-to-work outcomes.
Who is behind the development of this platform?
DXC Technology, a prominent global technology services provider, developed the DXC Assure Risk Management platform.
How can I learn more about DXC Technology?
More information about DXC Technology can be found on their official website.
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