FORT LAUDERDALE, Fla.,
Aug. 29, 2016 /PRNewswire/
-- Patriot Technology Solutions, Inc., a subsidiary of Patriot
National, Inc. (NYSE: PN), today announced that New York State
Insurance Fund (NYSIF), the largest workers' compensation insurance
provider in New York State, has
implemented InsurePay, a pay-as-you-go billing tool, to provide
real-time payment processing for its workers' compensation
customers.
"We are pleased that NYSIF, a longstanding workers' compensation
provider for more than 100 years, has recognized the value of
InsurePay, a solution that allows them to streamline the delivery
of policyholder, payroll and premium data," said Jeff Harris Executive Vice President – Business
Development at Patriot National. "NYSIF understands the importance
of using best-in-class technology solutions to deliver value to
their customers."
"Growing adoption of InsurePay by leading workers' compensation
insurers is indicative of the competitive advantage that our
technology solutions provide to carriers," said Steven M. Mariano,
CEO of Patriot National. "We are using our market leadership to
capitalize on growth opportunities and invest in cutting-edge
technology solutions."
Through its secure, cloud-based SaaS platform, InsurePay enables
businesses to pay their premiums each pay period based on actual
payroll rather than generated estimates. This accurate and flexible
approach reduces operational costs for insurance carriers and
policyholders as well as benefits agents with a competitive
product. Through real-time processing, policyholders can reduce or
eliminate large down payments and avoid year-end audit
discrepancies, and insurance carriers are able to eliminate
billing, collections and auditing costs.
About Patriot National
Patriot National, Inc. is a national provider of comprehensive
technology and outsourcing solutions that help insurance companies
and employers mitigate risk, comply with complex regulations and
save time and money. Patriot National provides general agency
services, technology outsourcing, software solutions, specialty
underwriting and policyholder services, claims administration
services, self-funded health plans and employment pre-screening
services to its insurance carrier clients, employers and other
clients. Patriot National is headquartered in Fort Lauderdale, Florida. For more information
about Patriot National, please visit www.patnat.com.
About Patriot Technology Solutions, Inc.
Patriot Technology Solutions (PatTech) is a leading provider of
technology solutions for the property and casualty insurance
industry. PatTech focuses on insurance solutions that spotlight a
full core insurance suite solution with implementation expertise
and including; professional and consulting services and enterprise
data analytics with a cloud-based SaaS model. PatTech delivers
solutions that provide carriers with premium growth, policyholder
retention while lowering their cost of acquisition and reducing
their overall servicing cost. Patriot Technology Solutions is
headquartered in Fort Lauderdale,
Florida with offices worldwide. For more information about
PatTech, please visit www.ptsglobal.com.
Forward Looking Statements
This press release may include statements that may be deemed to
be forward-looking statements. Words such as "may," "will,"
"should," "likely," "anticipates," "expects," "intends," "plans,"
"projects," "believes," "estimates," "positioned," "outlook,"
"Guidance," and similar expressions are used to identify these
forward-looking statements. By their nature, forward-looking
statements involve risks and uncertainties, and there are important
factors that could cause actual results to differ materially from
those indicated in these statements. For example, our solutions may
not perform as anticipated, as well as those matters contained in
our filings with the Securities and Exchange Commission. Although
we base these forward-looking statements on assumptions that we
believe are reasonable when made, we caution you that
forward-looking statements are not guarantees of future performance
or events and that results may differ materially from statements
made in or suggested by the forward-looking statements contained in
this press release. Any forward-looking statement that we may make
in this press release speaks only as of the date of such statement,
and we undertake no obligation to update any forward-looking
statement or to publicly announce the results of any revision to
any of those statements to reflect future events or
developments.
Media and Investor Contacts:
Cindy Campbell
Director of Investor Relations and Public Relations
Patriot National, Inc.
(954) 670-2907
CCampbell@patnat.com
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SOURCE Patriot National, Inc.