ClaimSorted
ClaimSorted offers a digital Third-Party Administrator (TPA) platform that utilizes AI and automation to streamline insurance claim processes, featuring customizable electronic First Notice of Loss (e-FNOL) and a comprehensive claims dashboard. The platform is designed to minimize claim leakage and supports structured data integration across various insurance categories, including pet, warranty, travel, and auto claims.
- Industry: Claims Triage and Assignment
- Location: New York, New York, United States
- Founded: 2024-01-01
- Total funding: 16300000
- Website: https://claimsorted.com
Product & Features
- ClaimSorted accelerates claims processing, achieving a cycle time three times faster than market-standard TPAs.
- The platform minimizes claims leakage to below 1.2% through structured eligibility checks and audits.
- It reduces claim reopen rates to under 1.0% within a 30-day timeframe, enhancing operational efficiency.
- Users benefit from a customizable white-label eNOL and Claims Portal for tracking and managing claims.
- Proprietary algorithms detect fraud by identifying unusual patterns and document tampering, improving recovery opportunities.
- Reporting options include daily, weekly, monthly, or live data feeds via SFTP or API for timely insights.
- ClaimSorted supports various lines of business, including auto, property, and health insurance claims.
Notable Customers
- Axis
- Lloyd's Delegated Claims Administrator
- Collinson
- Benchmark
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Frequently Asked Questions
What is ClaimSorted?
ClaimSorted offers a digital Third-Party Administrator (TPA) platform that utilizes AI and automation to streamline insurance claim processes, featuring customizable electronic First Notice of Loss (e-FNOL) and a comprehensive claims dashboard. The platform is designed to minimize claim leakage…
What does ClaimSorted do?
ClaimSorted accelerates claims processing, achieving a cycle time three times faster than market-standard TPAs. The platform minimizes claims leakage to below 1.2% through structured eligibility checks and audits. It reduces claim reopen rates to under 1.0% within a 30-day timeframe, enhancing operational efficiency.
Who are ClaimSorted's customers?
ClaimSorted's customers include Axis, Lloyd's Delegated Claims Administrator, Collinson, Benchmark.
What category does ClaimSorted fall under?
ClaimSorted is a legal technology company in the Claims Triage and Assignment category.
Where is ClaimSorted based?
ClaimSorted is based in New York, New York, United States.
When was ClaimSorted founded?
ClaimSorted was founded in 2024.