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Entire contents Copyright © 1999 Business Insurance

Listing of Risk Management Information Systems Vendors

From August 11, 1994 RMIS Review: Vendor Names - T - Z

Vendors In This Section:

Spotlight Report August 11, 1994
Risk Management: Systems & Analysis

The Travelers Inc.

1 Tower Square, 9CR, Hartford, Conn. 06183; 203-277-2770; fax: 203-277-2876
Risk management systems since: 1983
Staff: 104 total, 78 professionals
Clients: 1,451 total, 940 including corporate risk management departments. Sold systems to 135 clients in 1993.

Parent: The Travelers Inc.

User support:
User groups/meetings*, onsite training*, telephone assistance 10 hours per day, quarterly newsletter*, assigned account information representative*.
Officers:
Jack Gardner, vp; Matt Carden, director-RMIS.

Contact: Matt Carden

Software products:

CARMA
System specifications:
IBM compatible PC; mainframe/timeshare system that can be accessed by single users and LANs. Operates in DOS or OS/2.
Claims/coverages managed:
General liability, property, casualty, workers comp, auto.
Features:
Claims management/loss analysis including adjuster's notes, worker's compensation lost time analysis, loss development and forecasting, loss prevention, reserve tracking, premium allocation, risk analysis, self-insurance comparisons and analysis, loss trending, safety and loss control, ad hoc reporting and ability to take in data from other sources. Options include exposure, policy, certificates of insurance, OSHA, managed care, litigation and claim self-administration features. Insurance and risk management analysis expertise available.

Customization optional
First installation: 1983
Total installations: 518; 131 in corporate risk management departments

CARMA On-Line
System specifications:
IBM compatible PC; mainframe/timeshare system that can be accessed by single users and LANs. Operates in DOS or OS/2.
Claims/coverages managed:
General liability, property, casualty, workers comp, auto.
Features:
Claims administration including adjuster's notes, loss prevention, reserve tracking, risk analysis, safety and loss control, litigation management, daily roster of new claims, lost time/medical analysis, frequency and severity analysis.

Customization optional
First installation: 1994
Total installations: 925; 801 in corporate risk management departments

PC CARMA
System specifications:
IBM compatible PC, 640K RAM; single user and LAN versions. Operates in DOS or OS/2.
Claims/coverages managed:
General liability, property, casualty, workers comp, auto.
Features:
Claims administration, exposure analysis, litigation management, loss prevention, policy and reserve tracking, allocation of premium, risk analysis, self-insurance comparison and analysis, safety and loss control, incident reporting, ad hoc reporting, ability to import data from other sources, certificates of insurance and OSHA reports. Options include loss development and forecasting, loss trending and claim self-administration features

Customization optional
First installation: 1986
Total installations: Eight, all in corporate risk management departments


Vaughan Co.

2532 Laguna Vista Drive, Novato, Calif. 94945-1526; 415-898-1229; fax: 415-898-2377
Risk management systems since: 1991
Staff: Two total, two professionals.

User support:
Telephone assistance eight hours per day*. *Included in system price.

Contact: Don Vaughan

Software products:

XSRater

Price: $2,500

System specifications:
IBM compatible PC, 2MB RAM. Operates in DOS or Windows.
Claims/coverages managed:
General liability, property, casualty, workers comp, auto, E&O.
Features:
Loss development and forecasting, experience rating, allocation of premiums, loss trending, excess layer costs report generation and graphing, excess ratings.

Customization optional
First installation: 1988
Total installations: 10


Venture Group Inc.

3840 Myers St., Riverside, Calif. 92503, 800-366-6157; fax:0909-352-9393
Risk management systems since: 1986
Staff: 14 total, seven professionals
Clients: Nine total, including two corporate risk management departments. Sold systems to two clients in 1993.

User support:
User groups/meetings*, onsite training*, telephone assistance 24 hours per day*. **Included in system price.
1993 revenues:
$1.4 million total. $1 million from risk management information systems sales and services, 10% from hardware sales, 80% from software sales, 5% from software services.
Officers:
Niles F. Haton.

Contact: Niles F. Haton or Don Stone

Software products:

Workers Compensation Claims Management

Price: $1,500- $30,000

System specifications:
IBM compatible PC: 8MB-single user, 16MB-LAN. Operates in DOS, Windows or UNIX.
Claims/coverages managed:
Workers compensation.
Features:
First report of injury, OSHA reporting, claims management, payment processing, property interlinking, litigation/ investigation tracking, generation of 1099's; diary feature, reserving/trust fund accounting, state, monthly pre-formatted and ad hoc reports.

Customization optional
First installation: 1989
Total installations: 55, 25 in corporate risk management departments

General Liability Claims Management

Price: $5,000-$20,000

System specifications:
IBM compatible PC; 8MB-single user, 16MB-LAN. Operates in DOS, Windows or UNIX.
Claims/coverages managed:
General liability.
Features:
Claims management and processing.

Customization optional
First installation: 1986
Total installations: 15, all in corporate risk management departments

Medical Managed Care/Utilization Review

Price: $30,000-$60,000

System specifications:
IBM compatible PC; 8MB-single user, 16MB-LAN. Operates in DOS, Windows or UNIX.
Claims/coverages managed:
Workers compensation, 24 hour coverage models.
Features:
Modular system offering enrollment, provider and credentialing, bill review and repricing, case management/utilization review, peer review and grievance modules. Supportive features, including diary, billing and automated data import and export available.

Customization optional
First installation: 1993
Total installations: Nine; two in corporate risk management departments

Professional Medical Malpractice Management

Price: $20,000-$50,000

System specifications:
IBM compatible PC; 8MB-single user, 16MB-LAN. Operates in DOS, Windows or UNIX.
Claims/coverages managed:
Medical malpractice.
Features:
Incident, claims and litigation management.

Customization optional
Total installations: Nine


WLT Software of Florida Inc.

831 N. Hercules Ave., Clearwater, Fla. 34625, 813-442-9296; fax: 813-443-4936
Risk management systems since: 1981.

User support:
User groups/meetings, onsite training, telephone assistance 101/2 hours per day*. **Included in system price.
Officers:
William L. Tiner Jr., president; Ann M. Tiner, vp; Thomas P. Brooks, national sales manager; Chuck W. Brooks, marketing manager.

Contact: Thomas Brooks or Chuck Brooks

Software products:

CHEKCLAIMS Claims Editing System
System specifications:
IBM compatible PC; single user and LAN versions. Operates in DOS, Windows or OS/2.
Claims/coverages managed:
Workers comp, group health plans, HMOs and PPOs, prescription drugs.
Features:
Provider bill editing and billing system. Provides edits for appropriate diagnoses, procedure, place of service, age, sex, frequency and modifiers; checks primary and assistant surgeon fees and necessity; checks unbundled procedures for duplicate procedures, duplicate bills, frequency, cosmetic, incidental and elective procedures; looks at follow up days and non-specific diagnoses.

Customization optional
First installation: 1993

COMPCLAIMS Workers' Compensation Claims Administration System
System specifications:
IBM compatible PC; single user and LAN versions. Operates in DOS, Windows or OS/2.
Features:
Workers' compensation claims administration system that includes reinsurance tracking; accounting; fee schedule and PPO processing; billing; claims processing; attorney tracking; management; administrative, government and safety engineering cost management reporting; bill review and 24-hour coverage.

Customization optional
First installation: 1985


Xordium Inc.

12465 Lewis St., Suite 104, Garden Grove, Calif. 92666; 714-748-9291; fax: 714-748-9294
Risk management systems since: 1992
Staff: Seven total, two professionals
Clients: 26 total. Sold systems to two clients in 1993.

User support:
User groups/meetings, onsite training*, telephone assistance seven hours per day*. *Included in system price.
1993 revenues:
$450,000 total. $20,000 from risk management information systems sales and services, 40% from software sales, 60% from software services.
Officers:
Karen J. Gillett, president; Fred C. Gillett, executive vp.

Software products:

Risk Controller

Price: $2,995

System specifications:
IBM compatible PC, 4MB RAM; single user and LAN versions. Operates in DOS.
Claims/coverages managed:
General liability, property, workers comp, auto.
Features:
Insurance policy management; monitors certificates of insurance issued and received; data management for property, hazardous materials inventory by facility, equipment, training, medical surveillance, personnel and safety/loss control; incident reporting; loss trending; reserve tracking; OSHA 200 management; report generation (specific and ad hoc); diary functions.

Customization optional
First installation: 1992
Total installations: Eight; two in corporate risk management departments