SOURCE: ClaimVantage

August 12, 2014 08:00 ET

ClaimVantage Introduces AbsenceDirect

30-Day Free Trial on Cloud-Based End-to-End Absence Management Solution

PORTLAND, ME--(Marketwired - Aug 12, 2014) -  ClaimVantage today introduced a self-serviced cloud-based software solution that enables smaller employers to quickly and effectively manage employee absence mandated by the Family and Medical Leave Act (FMLA) and Americans with Disabilities Act (ADA).

"With growing costs and litigation risk, effectively managing mandated and other absence is a growing challenge for organizations of every size," said Leo Corcoran, CEO of ClaimVantage. "AbsenceDirect is a powerful, self-service, affordable absence management solution that improves business performance and helps take risk off the table."

Employee absence, including that protected by the FMLA and ADA, imposes direct and indirect costs on employers. The Employment Policy Foundation found that compliance with FMLA costs employers more than $21 billion in lost productivity, continued health benefits, and labor replacement.

There is also significant litigation risk associated with leave and absence. Many employers, especially small businesses, do not possess the resources to manage federal and state leave laws and regulations. HR.com reports the average verdict for FMLA cases related to wrongful termination is nearly $335,000.

In addition, the US Department of Labor has confirmed it will continue stepped-up enforcement of the FMLA, including more on-site visits by federal investigators.

AbsenceDirect lowers direct and indirect absence-related costs while automating compliance, thus mitigating litigation risk.

AbsenceDirect's key features include:

Business Functionality

  • End to end automated absence management process
  • Reflexive questioning for claim intake
  • Ability to use any calendar type including Rolling back
  • Effectively manages continuous, intermittent and reduced schedule leave types
  • Standardized Letters
  • Employee and supervisor portal

Set-up and Support

  • Regulatory change reminders and updates
  • User friendly, configurable interface including leave types, holidays, workflows and notifications
  • 'On-boarding' setup guides that walk the users through system set-up
  • Open platform that can be integrated with in-house systems if needed

According to Spring Consulting, AbsenceDirect reduces the time to manage an absence claim by at least 30%. This represents an 11% savings in direct, indirect and return-to-work costs. 

Especially important for companies in today's environment, AbsenceDirect's documentation and reporting capabilities dramatically reduce the litigation and financial risks associated with legal and regulatory compliance.

AbsenceDirect includes the key features that ClaimVantage's successful AbsencePlus software provides to TPAs, carriers and large employer groups, essentially providing organizations with the ability to manage claims as effectively and less expensively than outsourcing.

"We have been very impressed with the ease-of-use, functionality and cost-effectiveness of the enhanced version of AbsenceDirect," said Gina F. Rovello, Manager of Disability Services at AmeriHealth Casualty Services. "ClaimVantage's comprehensive software solution helped us reduce our direct and indirect absence-related costs, streamline our operations and improve employee relations."

Customers can try AbsenceDirect free for 30 days. To learn more about the free trial offer, visit: http://www.absencedirect.com/free-30-day-trial/

About ClaimVantage
ClaimVantage provides Absence, Disability and Life insurance claim management software products and services to Insurance carriers, TPA's, and employers, including two of the top 3 carriers in Canada, and two of the top ten carriers in the US. The company, with offices in Portland, Maine and Dublin, Ireland, provides efficient, accurate, and productive claims processing and absence management solutions to a wide-range of Insurance Companies, Third Party Administrators (TPAs), and employers. Visit: www.claimvantage.com.

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