2
CHALLENGE: Improve claims data and streamline processes SOLUTION: CSC’s RISKMASTER Accelerator software RESULTS: Reduced costs for injury- related claims Improved work process for claims, risk and safety Streamlined OSHA reporting Automated audit tracking Firm Improves Processing for General Liability, Auto, Workers’ Compensation and Property Claims From its headquarters in Minneapolis, Xcel Energy serves more than 3.3 million electric customers and 1.6 million natural gas customers in Minnesota, Colorado, Michigan, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its operating companies include Northern States Power Company, Public Service Company of Colorado and Southwestern Public Service Co. Operating in a highly regulated, physically demanding environment generates significant exposure to physical injury, property damage and liability for the company to manage. Xcel Energy’s risk and claims managers handle approximately 600 workers’ compensation claims including about 300 that are reportable to OSHA and about 150 to 200 general liability claims and another 100 vehicle accident claims. As the company grew, so did the demands on its IT staff to store and present that information to the risk and claims managers dependent on them to ensure its availability, accuracy and timeliness. The company was using an older version of CSC’s RISKMASTER® software and decided to upgrade to the latest version, now called RISKMASTER Accelerator. “The whole process was inefficient, and we weren’t capturing data the way that we needed to,” said Tatyana Dunegan, a risk analyst in the Risk Management Department at Xcel Energy. The company upgraded to RISKMASTER Accelerator for business, general liability, auto, workers’ compensation and property claims. “What’s nice about this software is that you’re able to customize and match the needs of all these lines of business,” Dunegan said. “They do different fields. They run their processes differently. There’s no limit to how much you can customize, so it’s very nice that one person doesn’t have to see the fields of the other person and vice versa.” The software also allows claims managers to attach as many files as needed, in any format, to a document, and they can break down reserves into multiple transactions and track and analyze them ata new level of ease and granularity. SUCCESS STORY — XCEL ENERGY XCEL ENERGY HQ: MINNEAPOLIS, MINN. REGIONAL ELECTRIC AND GAS UTILITY SERVING EIGHT STATES

Energy Firm Improves Claims Processing - CSC: Next Generation IT

  • Upload
    others

  • View
    2

  • Download
    0

Embed Size (px)

Citation preview

CHALLENGE:

• Improveclaimsdataandstreamlineprocesses

SOLUTION:

• CSC’sRISKMASTERAcceleratorsoftware

RESULTS:

• Reducedcostsforinjury-relatedclaims

• Improvedworkprocessforclaims,riskandsafety

• StreamlinedOSHAreporting

• Automatedaudittracking

Firm Improves Processing for General Liability, Auto, Workers’ Compensation and Property ClaimsFromitsheadquartersinMinneapolis,XcelEnergyservesmorethan3.3millionelectriccustomersand1.6millionnaturalgascustomersinMinnesota,Colorado,Michigan,NewMexico,NorthDakota,SouthDakota,TexasandWisconsin.ItsoperatingcompaniesincludeNorthernStatesPowerCompany,PublicServiceCompanyofColoradoandSouthwesternPublicServiceCo.

Operatinginahighlyregulated,physicallydemandingenvironmentgeneratessignificantexposuretophysicalinjury,propertydamageandliabilityforthecompanytomanage.XcelEnergy’sriskandclaimsmanagershandleapproximately600workers’compensationclaims—includingabout300thatarereportabletoOSHA—andabout150to200generalliabilityclaimsandanother100vehicleaccidentclaims.

Asthecompanygrew,sodidthedemandsonitsITstafftostoreandpresentthatinformationtotheriskandclaimsmanagersdependentonthemtoensureitsavailability,accuracyandtimeliness.ThecompanywasusinganolderversionofCSC’sRISKMASTER®softwareanddecidedtoupgradetothelatestversion,nowcalledRISKMASTERAccelerator.

“Thewholeprocesswasinefficient,andweweren’tcapturingdatathewaythatweneededto,”saidTatyanaDunegan,ariskanalystintheRiskManagementDepartmentatXcelEnergy.

ThecompanyupgradedtoRISKMASTERAcceleratorforbusiness,generalliability,auto,workers’compensationandpropertyclaims.“What’sniceaboutthissoftwareisthatyou’reabletocustomizeandmatchtheneedsofalltheselinesofbusiness,”Dunegansaid.“Theydodifferentfields.Theyruntheirprocessesdifferently.There’snolimittohowmuchyoucancustomize,soit’sverynicethatonepersondoesn’thavetoseethefieldsoftheotherpersonandviceversa.”

Thesoftwarealsoallowsclaimsmanagerstoattachasmanyfilesasneeded,inanyformat,toadocument,andtheycanbreakdownreservesintomultipletransactionsandtrackandanalyzethematanewlevelofeaseandgranularity.

SUCCESS STORY — XCEL ENERGY

XCEL ENERGY

HQ: MINNEAPOLIS, MINN.

REGIONAL ELECTRIC AND GAS UTILITY SERVING EIGHT STATES

SuccessStory:XcelEnergy

“People love using RISKMASTER Accelerator. It’s easy to use. People are very satisfied with the system.”

Tatyana Dunegan, Risk Analyst,

Xcel Energy

TRACKING CLAIMS AND CONTROLLING MEDICAL COSTS Anotherfunctionofthesoftware,PowerViews,helpedimproveproductivityforthecompany’sstaffbygivingthemcontroloftheinformationaccessibleoneachscreen.“WeusePowerViewstomatchourscreensetuptoourinjuryform,andtheeaseandspeedofentryimprovedalot,”saidGinaFeldhege,safetydataanalystwithXcel.

UsingPowerViewsallowsriskmanagerstomoreeasilyreflecttheimprovingclaimsexperienceintheirreports,aswellasempowerthecompany’saggressivereturn-to-workprogrambytrackingactivityinacentralizedforum.

“OurspecialistsinthatareacannoweasilyalertourgroupinSafetyifthere’sachangetoanymedicaltreatment,forinstance,thatmightaffecttheOSHArecordabilityoftheinjury,”Feldhegesaid.“Sothat’sareallynicetie-in,allofusseeingthesamethingatthesametime.”

Asaresultofthecompany’sfocusonsafetyandreturntowork,thecompanyhasbettercontrolofitscosts.“Medicalcostsarealwaysgoingup,evenifyourclaimsaregoingdown,butIknowwehavestillbeentrendingdown,andtheclaimcountshavebeentrendingdownovertheyear,whichisgood,”Feldhegesaid.

GAINING REPORTING EFFICIENCIES RISKMASTERAcceleratoralsoautomatesmanytasksthatusedtobemanual,tediousandpronetoerror.“Therearealotofauditcapabilitiesthatwedon’thavetodoanymore,it’sjustallautomated,”saidDunegan.“Soiftheauditorswanttoseeareportandreviewwhat’sgoingonbehindthescenes,thatreportisreadilyavailable.”

ComplyingwithregulatorydemandsalsohasbecomeeasierwithRISKMASTERAcceleratorasthesinglepointofentryforarangeofsafetyandworkers’compensationinformation.“Weenteritonceandweusethesameinformation,sincethesafetyrecordsmatchuptotheworkers’comprecords,”Feldhegesaid.“Itprovidesanautomaticauditcheckforusbyhelpingusmakesurewehavethemostvalid,up-to-dateinformationwhenthetimecomestopullOSHAlogsforpostingattheendoftheyear.”

Duneganadded,“WerunallofourfinancialreportsoutofRISKMASTERAcceleratorandweprovidethemtotheactuariesandunderwriters.Idon’tknowhowwewoulddothatwithoutthesystem.”

CENTRALIZING AND SHARING KNOWLEDGE Justasimportantly,thenewsoftwarewasembracedbytheusersinthecompany’smanydepartments.

“PeopleloveusingRISKMASTERAccelerator.Truly,Ialwaysgetreallygoodfeedback.It’seasytouse.It’snotcomplicated.Peopleareverysatisfiedwiththesystem,”saidDunegan.

For more information about CSC’s RISKMASTER Accelerator software, call 800.345.7672 or email [email protected].

CSCHeadquarters|3170FairviewParkDrive|FallsChurch,Virginia22042|UnitedStates+1.703.876.1000|www.csc.com©2013ComputerSciencesCorporation.Allrightsreserved.1288PC13