Terra’s cloud-native platform transforms workers’ comp claims and policy management by streamlining operations, centralizing workflows, and integrating with payment systems, ancillary services, and more.
Eliminate the need for multiple apps and forget about managing servers, storage, or user counts.
Terra Solutions
Terra Claims Management revolutionizes Workers’ Compensation claims handling with its cloud-native platform. Designed to streamline the entire process from claim intake to final settlement, our system enhances efficiency, reduces manual tasks, and ensures compliance with regulatory standards.
Automated Claims Processing
Streamlined intake, automated workflow management, and integrated document management ensure efficient and accurate claims handling.
Medical and Case Management
Integration with medical providers, case management for rehabilitation, and pharmacy benefits management optimize care coordination and reduce claim duration and costs.
Advanced Reporting and Analytics
Real-time dashboards and customizable reports provide insights into claims data, financial performance, and compliance, aiding data-driven decision-making.
Terra’s Workers’ Compensation Policy Administration System offers a comprehensive, user-friendly platform for managing the full lifecycle of workers’ compensation policies. From quoting and underwriting to policy issuance, renewals, and billing, Terra enhances operational efficiency, ensures compliance, and improves the overall customer experience.
Quoting and Underwriting Automation
Dynamic quoting tools and customizable rating engines streamline the quoting process. Automated underwriting workflows enhance risk assessment and compliance checks, integrating seamlessly with external data sources.
Policy Lifecycle Management
Comprehensive management of policy transactions, automated document generation, and lifecycle automation ensure accuracy and efficiency from issuance to renewal. Advanced document management and electronic signatures expedite processes.
Billing and Payment Processing
Flexible billing options, real-time accounts receivable management, and automated premium calculations provide transparency and accommodate policyholder preferences. Automated reminders and detailed financial reports maintain financial stability.
Terra Claims Benchmark is an advanced analytics solution that transforms how insurers manage Workers’ Compensation claims. By leveraging comprehensive data comparisons and actionable insights, it helps insurers identify areas for improvement, reduce costs, and enhance claim outcomes. With access to over 5 million anonymous claims, Terra ensures accurate and confidential benchmarking.
Comprehensive Performance Analysis
Gain deep insights into claims operations with Terra’s robust benchmarking tools. Compare cost per claim, number of claims, and total incurred by state, industry, or class code to pinpoint trends and identify areas for improvement.
Advanced Reporting Capabilities
Generate detailed, customizable reports that provide comprehensive insights into claims performance. Tailor metrics to focus on key areas like loss ratios and claim frequency, using a vast database of claims for accurate benchmarking.
Industry Comparisons and Strategic Planning
Benchmark your performance against industry peers to set realistic targets and refine risk management strategies. Use strategic insights from benchmarking data to optimize claims strategies and enhance overall efficiency.
Terra Connect Marketplace is your gateway to seamless integrations, linking Terra’s suite of products with essential external services. By centralizing access, it simplifies and accelerates claims processing, reducing time spent on each claim and enhancing operational efficiency.
Seamless Integration Capabilities
Connect to all Terra products and essential external services within a single environment, ensuring smooth data flow and enhanced efficiency.
Partner Integrations
Automatically trigger state reporting, simplify CMS compliance, prevent fraudulent claims, optimize prescription processes, and ensure accurate payment processing through integration with key partners like Mitchell, Verisk, Carlisle Medical, and Conduent.
Enhanced Operational Efficiency
Integrate diverse services into a single portal to reduce effort and speed up the claims process with real-time data exchange, minimizing errors and delays.
Terra Compliance Management streamlines and automates your compliance processes with advanced features like Certificate of Insurance tracking, automated renewals, and Optical Character Recognition, ensuring efficient, effective, and error-free compliance efforts.
Automated Certificate of Insurance Tracking and Renewal
Simplify and automate the management of Certificates of Insurance, ensuring they are always up to date, and compliant with regulatory standards.
Optical Character Recognition for Streamlined Processing
Leverage OCR technology to minimize manual data entry and streamline document processing, reducing time and errors in compliance management.
Enhanced Workflow Automation
Automate workflows for Certificate and Endorsement collections, reducing redundant tasks and increasing productivity for critical compliance activities.
Eliminate Operational Issues with Terra
Are manual interventions slowing down operations?
Terra uses automated workflows to minimize errors and save time, allowing your team to focus on critical aspects of Workers’ Compensation management.
Do you have security concerns about sensitive data?
Terra secures sensitive data with advanced protocols, including encryption, access controls, and continuous monitoring, ensuring compliance with standards like Azure AD and SOC2.
Are long implementation times slowing you down?
Terra streamlines implementation with no charges until your system is fully operational, ensuring a swift setup to start managing effectively.
Are you struggling with inflexible legacy systems?
Terra adapts quickly to new regulations and market demands without disruptive overhauls, providing flexibility in managing Workers’ Compensation.
Are you concerned about long-term contracts and high costs?
Terra doesn’t bill for setup and licensing fees until the system is live. Register unlimited users and choose a payment model that works for you—per claim, per policy, or per dollar of premium.
Who Benefits from Using Terra?
Terra is designed to be highly flexible, adapting to the specific requirements of various stakeholders in the insurance and risk management sectors:
Don’t Pay Until You’re Live
No hidden costs, no upfront fees. You only pay when your system is live and performing to your standards.
Implementation Process
1
Initial Setup and Customization
We start with a thorough assessment of your operational needs, carefully planning and customizing Terra to fit your workflows. Training and support structures are established for a seamless transition.
2
Data Integration and Migration
In this step, we integrate Terra with your existing systems, handling all data migration and connections to ensure integrity and continuity. Rigorous testing confirms all functions meet your expectations.
3
Launch and Continuous Support
Terra goes live with full support during launch, addressing any immediate needs. Post-implementation review ensures optimal performance, with ongoing enhancements and dedicated support to keep Terra aligned with your business needs.
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