HOLON, Israel, Aug. 21, 2019 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that S1 Medical, an independent cost
containment and medical management firm that provides unique niche
programs to the casualty market, has successfully launched Sapiens
ClaimsGo for Workers' Compensation. The first major program
being supported by the joint S1 Medical-Sapiens' solution is
Broward County Public Schools, the sixth-largest school district in
North America.
Sapiens ClaimsGo (formerly called StoneRiver CompSuite Claims)
is a full‐featured solution developed for specialized and quick
administration of workers' compensation policies and claims,
offered in a hosted environment.
S1 Medical chose Sapiens' comprehensive solution for its
end-to-end claims capabilities, particularly the ability to
integrate with data reporting & managed care systems. S1
anticipates improved productivity through joint/cooperative usage
of ClaimsGo, more effective automation, and resulting in better
claims processing across their customer's claims management
program.
"Due to the nature of our business, S1 Medical brought a
third-party to the traditional two-party relationship between a
claims system and its customer. The third-party brought its own
user preferences, required training sessions and logistical
requirements," said Matt Pitts,
managing partner, S1 Medical. "Sapiens team members executed what
was an on-time delivery of a complicated set-up. The availability,
flexibility and open communication displayed by the Sapiens team
facilitated collaboration, as well as a sense of confidence among
both S1 and its customer."
"Organizations have different needs when looking for a workers'
compensation solution, depending on their unique markets and
competitive landscapes," said Roni
Al-Dor, president and CEO, Sapiens. "Sapiens offers a range
of workers' compensation solutions to help firms find the best fit.
We are pleased to welcome S1 Medical into the Sapiens family of
customers and we look forward to continuing to work closely with
them."
ClaimsGo's intake of First Report of Injury (FROI) expedites
entry into the claims processing lifecycle, and its processing
architecture provides easy displays of what's important at a
glance. Comprehensive data-capture guarantees compliance with
regulatory reporting. Payment request processing includes multiple
options and enables financial integrity.
About S1 Medical
A customer experience-focused, independent cost containment and
medical management firm headquartered outside of Philadelphia (privately-held company). They
offer a variety of unique containment solutions to carriers, TPAs,
brokers, employers, injured workers and other managed care firms.
For more information: www.s1-medical.com.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property and casualty,
life, pension and annuity, reinsurance, financial and
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 450
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com.
Investor and Media Contact:
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com
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SOURCE Sapiens International Corporation