Workday [Nasdaq:Wday] : Demystifying Workers’ Compensation Management

Top 10 Workers Compensation and Disability Solution Companies - 2021

Workers’ compensation continues to pivot with technology playing a crucial role in insurers’ ability to attract, retain, and profitably serve clients. To meet the ever-evolving demands of employees, several organizations are incorporating robust technologies and integrating the same into existing legacy systems to enhance operational efficiency. By infusing AI, business analytics, and IoT, companies are easily navigating through the highly complex and regulated marketplace and achieve favorable outcomes.

Besides, the idea of implementing better services for employees is effectuating an improved communication system for workers to report information in real-time and eliminate unnecessary paperwork and delay. That said, the industry is also gearing up to include advanced data management systems for processing and handling claims accurately. Not only can the digital collection of data allow for important analysis, but technologies such as machine learning can also further augment its functionalities that help prescribe actionable

measures for continuous improvement. This can help to access critical information by allowed parties only at any point of time.

To help leaders navigate through the list of workers compensation and disability solutions, our panel comprising CEOs, CIOs, VCs, industry analysts, and the editorial board of HR Tech Outlook has narrowed down the top solution providers in this landscape that exhibit competence in delivering HR innovations. Equipped with innovative technological capabilities, these enlisted solution providers are transforming the HR paradigm at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the HR sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of HR Tech Outlook helps you build the partnership you and your organization need to foster an environment driven by robust and efficient technology.

We present to you HR Tech Outlook’s “Top 10 Workers Compensation and Disability Solution Companies - 2021.”

Workers Compensation and Disability Solutions Companies

Cake Insure

Cake Insure is a mobile-centric platform for business owners who need a straightforward solution for workers’ compensation. Cake fits your busy lifestyle (not to mention the palm of your hand) and is powered by more than 100 years of underwriting expertise. Sure, we use algorithms. But our true secret sauce is listening to and understanding clients

www.cakeinsure.com
EZ Dental Care, Inc.

EZ Dental Care, a nationwide service provider offers the absolute most comprehensive and cost effective way to manage simple to complex Workers’ Comp dental claims at a national level. EZ Dental Care takes the burden off of claims handlers to ensure only injury related treatment is provided, appropriate dental treatment is performed, and claimant satisfaction is achieved for their insured. EZ Dental Care manages the case until MMI is reached for the dental portion. Claims and dental/clinical oversight is provided by a knowledgeable and dedicated staff

ezcompcare.com
ProActive Work Health Services

ProActive Work Health Services is an occupational health company providing occupational medicine treatment, employer regulatory compliance services, specialties, and telemedicine across a network of clinics for employers and their workforce. Focussing on providing a homely atmosphere for patients, ProActive brings a warm personal touch to industrial medicine and treatment at its facilities. Additionally, the company works to educate workers about occupational health, helps them better manage their medical conditions, and resolves workplace injury issues, ensuring a smooth back-to-work process. ProActive strives to ensure that organizations operate with a healthy workforce

proactivework.com
Unify Health Services

Unify Health Services (UHS) is a national women-owned company that creates effective pathways between safety, risk mitigation, HR, and claim compensation to mitigate injuries for a multigenerational workforce. Following the norms set forth by Occupational Safety and Health Administration (OSHA), UHS conducts ergonomic assessments, injury prevention programs, onsite athletic training sessions, to name a few, which stand as testaments to combating musculoskeletal injuries in the workplace. The company incentivizes healthcare programs for the employees, thereby helping them recognize the benefits of a positive lifestyle. Through their ‘Fit For Duty’ onsite program, the company provides personal training to improve work skills and ultimately minimize the risk of injuries

unifyhs.com
Workday [Nasdaq:Wday]

Workday is a leading provider of enterprise cloud applications for finance, HR, and planning. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. Organizations ranging from medium-sized businesses to Fortune 50 enterprises have selected Workday. The company believes that managing workers’ compensation efficiently can indicate the difference between hitting or missing an organization’s business objectives. From attracting the right resources to fulfilling employees’ needs based on a business’s ‘bigger picture’ (and not simply performance), the Workday Compensation management solution offers all the tools for helping businesses make ideal decisions across their organization

www.workday.com
Conexia

Conexia helps make the healthcare industry more efficient by implementing IT solutions that reduce paperwork, digitize medical records and improve workflows. Our solution removes uncertainty faced by payers, providers and patients and offers significant cost savings. At Conexia we’ve found proven ways to reduce healthcare costs while safeguarding the care of patients. We work with government, private and third-party administrators of health and Workers’ Compensation programs to streamline and automate processes by connecting payers and providers with a single electronic platform that enables instant processing of healthcare transactions. This helps clients to significantly reduce administrative costs –typically by 10%. The solution also enables better control of medical costs, helping to reduce unnecessary medical spending. Using sophisticated business rules, we target to process 90% of transactions automatically and in real time, allowing claims-managers to focus on only the high-risk and most complex transactions
DaisyBill

At DaisyBill, we come to work every day because we want to solve the problems of workers’ compensation billing. The billing process for workers’ comp is a mess. Everyone has to jump through too many hoops, and nobody is happy with how it works: not doctors, not insurance companies, not claims administrators, employers, legislators, attorneys…and not injured workers. DaisyBill is cloud-based software for providers to electronically submit and manage workers’ compensation medical bills. Our founders spent decades in the industry and saw just how broken the system had become—and how to make it work. They built a technology solution that makes work comp billing more efficient, more transparent, and just plain better. While DaisyBill makes workers’ comp a win-win for all stakeholders, our clients absolutely love us. Bills get paid easily and quickly, and DaisyBillers can finally take control of their difficult work comp billing
HCR Software

HCR Software is the maker of CompXL, embraced by leading companies worldwide for automating their compensation planning process. CompXL is a flexible and affordable compensation planning software which automates the interaction between the compensation team and planning managers during focal review cycles for merit, bonus, and long term incentives. CompXL simultaneously reduces administrative burden and cycle time while improving process integrity and regulatory compliance
Payscale

PayScale offers +B2:E11modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. More than 7,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 18 million employees
WLT Software Enterprises

Since 1979, WLT Software has established itself as a leading provider of advanced benefits administration and claims adjudication systems for Insurance Companies, Government Employee Plans, TPAs, Cost Containment Companies, and Self-Administered Groups. With the ever-changing landscape of the benefits administration industry, our Clients always need to be on the cutting edge of technology and nobody understands that better than WLT Software. Over the years, this has helped our Clients position themselves to not only win new business, but to retain it as well