Majesco has formed a partnership with third-party administrator CompOne Administrators to help improve the company’s market growth.
The deal sees CompOne implement ClaimVantage’s Integrated Disability and Absence Management (IDAM) solution and its Customer Portal to improve its market growth through an expanded product offering.
CompOne is a third-party administrator that works with self-insurer employers, providing claims administration, medical cost containment and managed care service. By implementing ClaimVantage’s will enable it to offer an integrated intake for disability and absence claims for their customers.
The Customer Portal will also enable it to give employees and managers with 24/7 real-time access to claim and leave information.
CompOne director, client services and business development Robert Dewey said, “The ClaimVantage IDAM platform gives us the flexibility and scalability we need to expand and launch our product offerings with AbsencePlus to meet the needs of our digital clients today and in the future.
“The team are experts in the leave of absence space and the strong platform with built-in compliance for state paid family leaves and federal leaves, as well as the ability to easily create corporate-specific leaves, gave us the confidence we found the right partner.”
ClaimVantage was acquired by Majesco earlier in the year.
Majesco VP Sales Stacy Varney said, “Demand for integrated disability and absence management is soaring due to the rapid market changes that are requiring TPA’s like CompOne to offer the product. We are thrilled to partner with CompOne and support their product expansion to meet their customer needs and demands.
“The flexibility of the ClaimVantage IDAM solution will enable CompOne’s ability to provide tailored offerings to their customers while ensuring operational effectiveness.”
Majesco recently expanded its EcoExchange marketplace by partnering with AI-based claims solution platform Claim Genius and virtual collaboration platform for insurance Livegenic.
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