DTI has added a workersâ compensation policy system to its suite of products. OASIS WCPM is a Windows based policy management system built under the direction of an Underwriting officer at a major WC carrier. OASIS WCPM is fully integrated with DTIâs best of breed OASIS Claims Management and OASIS Financial Management components to round out a full function insurance company offering.
Sam Fang, President of DTI, said, "We feel that combining this industry specific Policy Management system with our proven Workersâ Compensation Claims system is a natural. The workersâ compensation insurance industry has been waiting for a long time for a thoroughbred offering like this. DTI can now offer full solutions to carriers as well as TPAs and large self-insureds."
The new functionality is due to DTIâs acquisition of HCS Insurance Software Solutions of San Diego. HCS developed a workersâ compensation policy management system from the ground up for a major West Coast carrier. The combination of a WC policy system and DTIâs OASIS Claims Management and Risk Management systems allows DTI to penetrate the WC industry with a total WC solution set.
OASIS WCPM supports often overlooked functionality necessary for WC companies to properly rate, issue and manage workersâ comp policies, including: support for Anniversary Rating Date, audit solicitation, billing and rating; a flexible set of premium adjustments; and pre-loaded current NCCI and state specific classification codes.
One of the most remarkable features of this system is the built-in forms and forms generator. A carrier can issue a quote, and print a complete policy declarations set, including all state and company specific endorsement forms.
The acquisition of HCS signals the opening of DTIâs West Coast office. With offices in Cambridge, MA and New Brunswick, NJ, DTI easily covers the entire nation.
OASIS Claims Management: DTI has been developing claims systems for over a decade and a few years ago leveraged that expertise and know-how into designing a WC claims system. With pedigree roots like that, it is no wonder that this is a comprehensive claims system that handles all important WC claims functions including lost time calculations, vocational rehabilitation, litigation and subrogation. There is a powerful and flexible workflow rules engine and complete diary and file notes capabilities. Users can attach files to a claim including Word documents, Adobe PDF files and images such as x-rays and photos. It is hard to imagine a function that has not been thought of in this claims system.
In addition, DTI offers browser-based solutions such as the OASIS Internet Incident Reporting System (IIRS), OASIS eClaims, OASIS eServices, and OASIS RAMS/RAMSnet (Risk Analysis Management System). IIRS allows for Internet reporting of incidents with a direct entry into OASIS Claims and the automatic completion of any Stateâs FROI. RAMS/RAMSnet is a powerful RMIS, also fully integrated with OASIS Claims allowing for unlimited cube reporting and graphing of claims and risk data.
The combination of policy, financial and claims modules into a full insurance company WC offering is a coup for DTI. This is a full-featured system that will empower a WC company of any size to better manage its policy, billing/collection and claims functions than ever before. The self-insured company can also reap the benefits of a decade of claims system development by implementing the claims component on its own.