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Ventiv Claims Reviews and Ratings

Rating: 8.3 out of 10
Score
8.3 out of 10

Community insights

TrustRadius Insights for Ventiv Claims are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Strong Reporting Capabilities: Positive feedback has been given on the reporting capabilities of the product by several users. Excellent Customer Support: The ease of reaching customer support for assistance has been highlighted as a positive aspect by reviewers. Allocation of Funds Across Policies: Users liked the ability to allocate funds across multiple policies, adding to the product's flexibility and convenience. Regulatory Compliance: The product was praised for its correspondence features and compliance with regulations, ensuring users meet industry standards effortlessly. Automation Features: Users have appreciated the automation features available, which enhance efficiency in document handling and processing tasks effectively.

Reviews

25 Reviews

Review of Ventiv's IRM/Digital and Claims Module

Rating: 8 out of 10
Incentivized

Use Cases and Deployment Scope

We use IRM and Digital to automate and track exposure information. To ease administration the Digital forms tool is deployable to individuals who don't necessarily need to be full users of the IRM system which eases the administrative burden among other positive aspects.

We have also used RiskConsole/IRM to track asbestos claim dollar across multiple policy years.

Pros

  • easy user interface
  • good reporting
  • able to spread dollars across multiple policies

Cons

  • better linking to multiple policies
  • It can house claims from multiple 3rd party vendors all in one database
  • Our company owns the claim data, we don't need to rely on paying access fees to discontinued TPAs

Likelihood to Recommend

Our main use surrounded the tracking of historic toxic tort claims that spanned multiple policy years. One of our carriers internally has the same capabilities but limits access to their systems to only a very high summary basis. By housing claims within the IRM system we can track those claims and spread losses across multiple policy years to validate the lead carrier spreading of losses.

Vetted Review
Ventiv Claims
16 years of experience

Great user-centric suite of products

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

We just iVos to manage our workers' comp claims. It is for claims intake, management, statutory filings.

Pros

  • Customer centric
  • Adapt product to fit customers' business needs
  • able to reach help

Cons

  • little glitches in products that make the product not perfect
  • minor defects that were not caught during development and requires hotfixes

Likelihood to Recommend

Ventiv Claims has been able to meet customers' needs in their range of products and constantly undergoing development and changes we need.

Vetted Review
Ventiv Claims
20 years of experience

Claims CE review

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

Full claims suite that includes compliance processing, correspondence and document management. This allows us to cut out several vendors to manage document processing and compliance.

Pros

  • Correspondence
  • Compliance
  • Email

Cons

  • Scheduled payments
  • Agnostic document import
  • Reporting ease

Likelihood to Recommend

Scheduling work comp payments is very clunky and opens us up for a lot of errors.

User Review

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

We use this product for claims management and processing with easy of use. The functionality of the system allows us to track each claims status and know when we need more information or when it’s time for us to proceed with certain actions. The main screen allows for searching through multiple different ways in the case that information we need isn’t being given to us by our members.

Pros

  • Search functions
  • Claim tracking

Cons

  • Expanded search functions
  • File type allowance in claims

Likelihood to Recommend

The notation functions within the system works well for us in the event that someone else needs to access the files to obtain information, there is an absence, or for auditing purposes to track what each employee is doing and when.

Ventiv is awesome!

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

Ventiv claims helps us to track and process the claims we receive daily. This seamless application provides us with the ease of use. Their customer support has been outstanding as they always make themselves available and follow through on answering all of our questions. When issues arise they are on top of assisting us with getting it resolved.

Pros

  • Customer Support
  • Ease of Use

Cons

  • There isn't much I can say to this today.

Likelihood to Recommend

Ventiv Claims has seamlessly assisted us in processing and tracking our claims. The system is very user-friendly and fits our need in the financial industry. From the reporting to searching claims this system is easy to use. This product I'm sure has the ability help other industries in their claims tracking.

Vetted Review
Ventiv Claims
2 years of experience

Ventiv Claims

Rating: 7 out of 10
Incentivized

Use Cases and Deployment Scope

We use Ventiv Claims for our Claims Application using Claims Enterprise. It assist with streamlining processing claims, claims reporting, and claim payments.

Pros

  • Customer Service Manager
  • Application Easy to Use

Cons

  • Helpdesk troubleshooting assistance turnaround time
  • More reporting options for distribution
  • Layout for reporting
  • Easy to use creation for reporting

Likelihood to Recommend

Ventiv provides great customer service and assistance from our Customer Service Manager. Easy to use helpdesk ticket submission. Need improvement on turn around time for assistance with troubleshooting and response.

Vetted Review
Ventiv Claims
17 years of experience

Ventiv Claims Review

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

Claims Management for workers compensation, injured workers on the job. We input all new claims and manage the old ones. We use the system to run numerous reports, pay invoices and issue/manage payments, bank reconciliation, record notes, send correspondences to claimants, insureds and other legal or medical, and we send compliance reports to the state departmentas well as CMS.

Pros

  • The support ticketing system
  • The automation that is available
  • Compliance updates

Cons

  • An issues reporting forum to see issues other companies may experience, troubleshooting and resolution steps taken to resolve

Likelihood to Recommend

The customization available in Ventiv Claims is awesome. Being able to have custom reports and fields makes our small company feel "bigger". However certain features, for example, SSO and document scanning, make us realize how small we are because the implementation and annual fees are a too expensive to justify spending for the amount of users we have and revenue we generate.

Vetted Review
Ventiv Claims
16 years of experience

Ventiv Review

Rating: 7 out of 10
Incentivized

Use Cases and Deployment Scope

We use Ventiv Claims for managing and adjusting all of the City's auto and general liability claims. At one time, it was used to handle workers' compensation claims, but we no longer use that function because we brought on a third party administrator.

Pros

  • Stores data.
  • Easy access.
  • Good format

Cons

  • Way to detailed for what we use it for.
  • Reporting is cumbersome.

Likelihood to Recommend

It is a good platform to use if you handle all of your claims in-house and have a high frequency in claims.

Cool, Simple & informative

Rating: 7 out of 10
Incentivized

Use Cases and Deployment Scope

We use Claims Enterprise for GC General claims through CE application & IRM Digital

Pros

  • It monitors and processes GC General claims through a step by step process
  • It has valid reports that gives detailed infomation

Cons

  • Improvement in Digital IRM product
  • Adhoc reporting

Likelihood to Recommend

It monitors and processes GC General claims through a step by step process

Vetted Review
Ventiv Claims
3 years of experience

Yes, I'd Recommend Ventiv Claims Enterprise

Rating: 9 out of 10
Incentivized

Use Cases and Deployment Scope

Ventiv Claim Enterprise system is used to Administer WC claims reported by employees of the LADWP

Pros

  • Maintains Claim Activity
  • Maintains Payment Details
  • Stores document images relevant to the claim
  • Documents/assists with creating correspondence

Cons

  • OCR of documents scanned into the claim
  • User support
  • Drag and drop
  • Descriptive error messages that users can understand and resolve

Likelihood to Recommend

Ventiv Claims Enterprise provides an excellent path for multiple users to pick-up and understand what has transpired on the claim and the current claim status.