Stop wrestling with the trade-off between moving quickly and preventing fraud
Workers’ compensation is often considered a safety net to support the continued livelihood of workers injured while on the job. However, with billions lost annually to claims from increasingly complex fraud tactics and even organized schemes, the system’s integrity is under threat. You’ve made investments in solutions that simply haven’t paid off. Payments on fraudulent claims continue to pile up, and the strain on resources leads to slower processing times for genuine claims and a growing mistrust among all parties.
Optimize your risk assessment processes to get genuine claims settled and people back to work faster
Most claims and subsequent information submissions are genuine and deserve to be managed quickly, helping the employee get the medical and financial assistance they require in a timely manner, and continue with treatments and off-work requirements as prescribed.
With Clearspeed’s voice-based risk assessment technology, we help uncover hidden risk quickly using short, automated questionnaires, delivered in any language. Clearspeed gives you in-the-moment risk intelligence specific to the individual that is objective and unbiased, allowing you to make more confident decisions at scale.
Easy Insertion into Existing Workflows
The Clearspeed voice-based risk assessment process starts with individuals being presented with the questionnaire on any voice-enabled device. Clearspeed analyzes the individual’s vocal response to the desired question set, quickly identifying and scoring indicators associated with risk. These point-in-time, individualized results are then returned via API or available with the Clearspeed web app. This insight is used to inform next steps in the vetting or investigation process.
Uncover risk of fraud, from first report of injury to completion of case management
Clearspeed helps US insurer accelerate return to work
A large US insurer was struggling to identify fraudulent reporting in its injured workers case management load. They believed that a number of recipients had been receiving lost time payments while forgetting to report their return to work, or were actively perpetrating fraud. With Clearspeed, the insurer quickly intercepted risk in their return-to-work (TTD) case management:
• 3X improvement in voluntary completion rate of response
• 35% resulted in high risk indicators for fraud
• 15% admission rate on misrepresentation of information, or fraud