Valley Oak Systems, Inc. (VOS), a national provider of claims management software, services and support, has completed development of a new data extraction tool that will streamline the submission of claims data to the Public Entity Risk Institute (PERI), a non-profit organization that oversees the PERI Data Exchange, a national database of public sector liability and workers' compensation claims, judgments, and exposures.
The PERI Data Exchange allows public entities of all types to compare themselves with their peers and learn from the experiences of other jurisdictions. The Data Exchange also helps public entities and pools improve their risk management programs, make better-informed policy decisions, and better control liability and workers' compensation costs.
PERI has extended their data collection capabilities by not only partnering with Valley Oak, but also with the California Institute of Public Risk Analysis (CIPRA), the data gathering committee of the California Association of Joint Powers Authorities (CAJPA) and the Public Agency Risk Management Association (PARMA).
"Since claims information is submitted voluntarily, the success of the Data Exchange rests on how many organizations participate. In the past, a significant barrier has been the complexity of submitting data compliant with the old PRDP protocols. Valley Oak's new extraction tool will enable public entities that utilize their claims management systems, VOS Portal and iVOS(TM), to easily and effortlessly submit claims information to the program," said James Smith, program manager of the PERI Data Exchange. "Since Valley Oak works with a large number of self-insured public entities, risk pools, joint power authorities (JPAs) and third-party administrators (TPAs), we expect this tool to significantly increase participation in the coming year."
Source: Valley Oak Systems Inc.
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