JDi Data Insights

News Press Release

Contact:
Jenna Dillon
jenna.dillon@jdidata.com

Ft. Lauderdale, Fla. – JDi Data Corporation, a leader in claims software for the insurance industry, has completed a joint venture agreement with KG Solutions, Inc., a custom software development firm with offices in northern New Jersey and Tampa, Florida. The agreement gives JDi full access to the staff and services of KG Solutions, which has provided highly customized, mission critical software systems to a variety of Fortune 500 companies for over 25 years.

“KG’s wide ranging experience in designing and developing solid software solutions for unique business situations provides the perfect complement to JDi’s claims software,” said James DeRosa, Founder and CEO of JDi Data Corporation. “This combination enhances our ability to deliver the highest quality software to our mutual clients. KG’s expertise immediately increases the JDi depth of staff and is already benefiting our clients.”

Rich Kennedy, President of KG Solutions adds, “As a software developer, KG’s emphasis on solving business problems with innovative, customized systems, our track record of superior customer service and long-term strategic relationships is the perfect fit for this alliance with JDi.”

About KG Solutions
Founded in 1984 by Richard J. Kennedy, KG Solutions, Inc. provides a full range of state-of-the-art services custom tailored to our clients’ needs, including requirements analysis, design, development, testing, implementation and support services custom tailored to clients’ needs.

About JDi Data Corporation
JDi Data Corporation has been engineering, designing and developing complex insurance claims management and analysis software for over 20 years. A national leader in providing custom integrated software solutions for claims, accounting and data management, JDi Data delivers solutions and services focused solely on the needs of our clients. For more information, please visit www.jdidata.com.

JDi’s software provides clients with critical insurance claims functions including entry, storage, retrieval and sophisticated reporting of claims data for a number of lines of business including worker’s compensation, general liability, property/casualty, commercial auto, construction and many more. With the addition of KG Solutions’ skills and experience in building custom solutions, JDi Data further enhances its ability to build on a strong base product with critical client-specific customizations.

James DeRosa, JDi Data’s CEO, has recently flown out to San Diego to support the Lucky Duck Foundation’s 2011 Swing and Soirée charity gathering. This is the Lucky Duck Foundation’s 3rd annual golf and networking event in order to promote volunteerism and collect donations for their chosen causes. The weather was perfect (like San Diego always is), the attendees were all excited to gather and to enjoy a day out on the golf course and mix with others who share a common belief – that giving back to communities is what is truly important.

It was a great turnout. Hosted by Pat and Stephanie Kilkenny at the Santaluz Country Club, there were 128

golfers who teed off for the Swing and about 250 attendees for the Soiree. The Lucky Duck Foundation has managed to raise more than $200,000 this year and with the annual match from the Kilkenny’s, the donations will be tripled. All donations benefit The Challenged Athletes Foundation, Helen Woodward Animal Center, Father Joe’s Villages and The Fanconi Anemia Research Fund.

JDi Data Corporation enjoys supporting non-profits like the Lucky Duck Foundation that are creative in delivering charitable services for local and national communities who could use a helping hand. This is how we have built our company, believing in values above and beyond the traditional business environment. We are proud to support organizations that give back.

Scottsdale, AZ – September 6, 2011 – In an effort to further streamline the workers’ compensation claims process and improve results, Company Nurse, the premier nurse hotline for workplace injuries, today announced that it has implemented an XML interface to JDi Data Corporation, a software provider for insurance claims.

Bill Sileo, consulting services manager at JDi Data, commented on the benefits to their mutual clients, “Our Claims Manager® software captures all relevant claims information. With a data feed from Company Nurse, we now empower claims adjusters with immediate injury information gathered during the initial injury intake process. Adjusters don’t waste time and effort in collecting the same data again. Instead, there is increased efficiency in the injury reporting and claims management process, increasing the opportunities for compliance, cost savings, and improved results.”

Traditionally, workers’ compensation has experienced the following challenges: late reporting of injuries; redundant efforts to collect data, which often resulted in discrepancies and errors; ensuring injured employees were referred to the most appropriate, cost-effective level of care; and enabling a seamless hand-off and collaboration among claims stakeholders.

DeKalb County School System has been utilizing the Company Nurse hotline and JDi Data’s Claims Manager for several years, and recently implemented the interface between the two companies. “Company Nurse helps to facilitate timely injury reporting and appropriate medical care, while JDi Data assists in managing and tracking claims activity,” said Michael S. Florio, Esq., director of risk management services, DeKalb County School System. “Both organizations aid in improving the overall performance of our workers’ compensation program and relieving injured employees of uncertainty, and the interface now streamlines the process even further, so DeKalb County School System can focus on its primary mission—to maximize our students’ social and academic potential and prepare them to compete in a global society.”

Paul Binsfeld, CEO of Company Nurse, commented on the simplicity of the process: “Our nurse hotline represents a major innovation in the workers’ compensation claims process. It’s so easy to use that many clients achieve 100-percent compliance with mandated reporting timeframes. Our triage nurses—trained in occupational injury intake—gather all the necessary injury information, and using their medical expertise and our sophisticated algorithms, the nurses systematically refer cases to the best, most appropriate level of care—whether it’s first aid, an occupational clinic, or emergency care—and thereby, help to improve overall medical costs and outcomes.”

About Company Nurse
The Company Nurse Injury Hotline enables organizations to make the “Right Call” for workplace injuries. As an independent facility, Company Nurse trains its triage nurses to be compassionate and objective when assessing employee injuries and medical needs. Our injury-triage process is founded on three important elements for workers’ compensation success: 1) Right Time – we respond on the Day of Injury, the earliest point at which to influence costs, outcomes, and employee satisfaction; 2) Right Care – our nurses refer employees to an appropriate level of care, whether first aid, clinic or ER; 3) Right Results – clients reap optimal savings and a return on investment, while employees benefit from a prompt, compassionate response to their workplace injuries. For more information, go to www.companynurse.com or call (888) 817-9282.

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The Role of Insurance Companies in Capital Markets

The insurance industry is a vital part of financial markets. Companies promote risk mitigation by offering individuals and organizations various types of insurance products. These products fall under two basic categories: life (temporary/permanent life insurance, annuities, retirement funds, money back policies, etc.); and non-life/general (property and casualty insurance, liability insurance, third party insurance, credit insurance, health insurance, etc.).

Proceeds from insurance products are converted to long-term investments on behalf and for the benefit of stakeholders, particularly insurance policyholders. These investments can be in the form of corporate stocks, government bonds, and other financial instruments that later earn a projected profit either upon a policyholder’s death or at a specified period of time for the insured and his/her beneficiaries. Thus, aside from national and global economies, the insurance industry is essential to personal well-being as well.

Insurance Claims Management: Challenges and Good Practices of Client Service

Unlike life insurance, general assurance protects people and businesses from economic losses caused by natural disasters and human-made injuries, as well as related legal liabilities.  In both cases, however, insurers are aware that it is imperative for them to satisfy policyholders with company services. With this context, JDi Data Corporation has developed software programs designed to assist client insurance providers in their claims management needs, such as producing timely and high-quality reports.

R. Qaiser’s “Claims Management in General Insurance – Issues & Concerns” (n.d.) specifies underwriting and claims settlement as an insurance firm key functions. The article notes that the latter “can be used as a marketing tool” and helps retain customers. It is also states how necessary it is for insurance companies to “manage” the nitty-gritty aspects of claims processing that includes determining the “Average time being taken for the settlement of a claim and the claim settlement ratio and how it compares with other operators in the market.” Moreover, “a corporate claims management philosophy” should be adopted to inspire insurance claims personnel in serving clients efficiently, including providing them with compensatory approaches, if applicable.

In 2004, the Organization for Economic Cooperation and Development (OECD) adopted a set of guidelines for good practice for insurance claim management. The OECD Insurance Committee defined these guidelines that serve as a benchmark for insurance companies in its member countries, including the United States (US). Such measure aimed to improve the industry’s public image, to sustain its marketability, and to reduce losses. Adequate information and assistance to policyholders, good claim filing methods, and expeditious claim settlement were among the cited standards.

Providing Efficient Insurance Claims Service with JDi Data Software Programs

To help maintain a client base and achieve efficient claims management set by OECD, JDi Data Corporation has developed software programs for insurance companies and professionals. With committed personnel and reliable IT (information technology) facilities that ensure confidentiality of data and are compatible with mobile communication gadgets like iPhone™, JDi promotes and recommends the following software tools that can document and help analyze critical insurance narratives, financial, and statistical information:

• Claims Management Software (Claims Manager®) caters to Insurance and Risk Claims Departments, Third Party Claims Administrators, and Risk Managers, especially those involved in legal cases. It features an advanced search mechanism that easily finds one or more needed files, information, and transaction records for general insurance claims on Property, Casualty, Workers Compensation, Liability, Commercial/Business, Auto/Motor/Vehicle, Public Entity, and Excess Coverage. This program can produce reports that can be exported to spreadsheets, Microsoft Office applications, and ASCII text files.
• Vendor Cost Control™ tracks financial information relevant to construction defect litigation procedures. These data, including payments, insurer shares, and other expenditures, are stored in a virtual repository that can be accessed anytime and anywhere by vendors, lawyers, adjusters/appraisers, and claims handlers.
• Times Manager™ equips insurance claims professionals with activity documentation, organized notes, and database references. This program also provides billing techniques that instantly monitor time-bound tasks. These include work periods and communication with clients through phone calls, faxes, and mails, among others.

We are proud to announce our recent membership to PARMA, Public Agency Risk Managers Association. PARMA’s mission is to provide a unique environment that promotes best practices, professional education, and strategies to manage a broad spectrum of risk. JDiData is proud to be associated with such a wonderful forum. Learn more…