Revolutionizing the Future of Insurance Claims

Embrace Innovation for a Fraud-Free Future

Trends In Insurance Claims

and how DisburseCloud Aligns with them

Automation and Digitalization:

Insurance companies are increasingly adopting automation and digitalization in their processes to streamline operations and enhance customer experience. This trend is likely to continue in the future, with insurers leveraging technologies like artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) to automate various tasks. Disbursecloud, as a cloud-based platform, aligns with this trend by providing insurers with a digital solution for managing and processing insurance claims efficiently.

Customer-Centric Approach:

Insurers are placing increased emphasis on delivering a superior customer experience throughout the claims journey. This involves providing self-service options, personalized interactions, and faster claims processing. Disbursecloud could align with this trend by offering a user-friendly interface that enables policyholders to submit claims online, track the progress of their claims, and receive prompt updates. The platform could also facilitate seamless communication between insurers, customers, and third-party service providers involved in the claims process.

Insurtech Collaboration: 

The insurance industry has witnessed significant collaboration between traditional insurers and insurtech startups. These partnerships aim to combine the expertise and resources of established insurers with the innovative capabilities of insurtech companies. Disbursecloud, as a specialized platform focusing on claims disbursement, can collaborate with insurers and insurtech firms to offer an integrated solution that simplifies the disbursement of claim payments to policyholders, vendors, or healthcare providers.

Fraud Detection and Prevention:

Insurance fraud remains a significant challenge for the industry, leading insurers to invest in technologies that can detect and prevent fraudulent activities. Disbursecloud integrates fraud detection mechanisms.

Stats

  • According to the Association for Financial Professionals, in its 2020 AFP Payments Fraud and Control Survey, checks continued to be the payment method most often targeted by those committing fraud attacks, with 74% of organizations 
  • The most common check fraud schemes include stolen checks (washed, altered, or forged), counterfeit checks, remote deposit capture, and ATM deposit.
  • From March 2020 through February 2021, there was a 161% increase in mail theft complaints, many of which involved check fraud.

Say goodbye to paper checks and a warm welcome to digital payments to combat your insurance fraud challenges

DisburseCloud is a premier digital claims payment solution, designed to skyrocket the speed and efficiency of payment disbursement with our full-featured and customizable digital payment platform.  We help reduce your insurance fraud challenges when it comes to claim payments.

Look how we solve it!

Instant Deposit

Instant deposit directly into connected checking account within seconds.

Virtual Debit Card

Access to a virtual debit card for funds available for immediate use.

Digital Check

A digital check that your clients can print and deposit anytime!

ACH

Quick funds within 24-48 hours just by providing account and routing number.

Venmo

Quick deposit into Venmo or PayPal account.

Paypal

Quick deposit into Venmo or PayPal account.

Help reduce your Insurance Fraud Challenges!

Ready to transform your claims payment process? Experience first-hand how Disbursecloud's cutting-edge technology can secure and streamline your operations. Don’t miss the opportunity to get ahead - Book your personalized demo today!

Frequently Asked Questions

Does this integrate with claims systems?

Yes, we have developed a simple, yet complex API system that allows you to integrate with just 2 API calls that contain contact information and payment amounts  

How long does it take to set up

Setup is dependent on your IT department, normal setup is within 1-2 weeks.

Can we choose what payment modalities to use?

Yes, in the configuration you are able to choose the modalities you want to provide you clients.

What are Setup Fees and Costs

Currently, we don't have any setup fees.   We do have a monthly Maintenence fee of $49.95 and a minimum $200.00 per month usage fee.

What are Usage fees?

Each payment modality has a fee associated with it, ranging from $1.25 up to $5.00.   Your company can either pay the fee or pass it on or share it with the consumer. 

Is there a limit on the number of claims you can send per day?

No, you can send as many claims per day as you want.

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