FastTrack Return-to-Work Solutions has released its Life Waiver Management Tool, aimed at carriers and third-party administrators with life and disability operations. The product helps to more efficiently manage the life waiver process, for both new and existing life waiver claims, by automatically verifying employability for life waiver claimants within their existing restrictions and limitations.
FastTrack says the new technology provides automated vocational support for liability decisions within an ONET/DOT framework. In addition, a strong set of validation and documentation reporting tools are provided. It currently is being implemented at one of the nation's largest life insurance carriers.
“Our technology provides a great opportunity for life carriers and TPAs to more actively manage their life waiver operations in a cost-effective manner to produce faster, more effective claim resolutions, while simultaneously providing automated vocational validation and robust reporting to support all risk management outcomes," says Sean Rutherford, FastTrack's VP of product management.
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