IVANS Chosen By Accident Fund To Strengthen Carrier To Agent Communication For Workers Compensation And Direct Bill Commission Statements.OLD GREENWICH Old Greenwich is a neighborhood or section in the southeast corner of Greenwich in Fairfield County, Connecticut, United States. The Old Greenwich Railroad Station serves commuters in the neighborhood. , Conn. -- IVANS IVANS Insurance Value Added Network Services , a leading provider of networking and EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. services for the insurance and healthcare industry, today announced its implementation of a full scale agency-company solution initiative for Accident Fund Insurance Company of America. The initiative will enable Accident Fund to automate download of Workers Compensation insurance information and Direct Bill Commission Statements (DBCS (Double Byte Character Set) A character code that uses one or two bytes to represent one character. It was developed for the Japanese, Chinese and Korean languages. See Unicode. (character) DBCS - (IBM) double-byte character set. ). This will allow agents to receive their information electronically within their agency management systems. In the competitive market of Workers Compensation Insurance sales, download helps Accident Fund remain at the forefront. DBCS Download allows agents to receive electronically the data formerly sent on paper as a Direct Bill Commission Statement. With a paper report, each agency must manually enter all of the transaction information from that report into their Agency Management System. With DBCS Download, the transaction data comes into their Agency Management System along with the regular policy download, so an electronic version of the report is created automatically. That report can then be used to reconcile and post their Direct Bill Commissions. "With the rise in demand for workers compensation coverage, IVANS solutions can alleviate the stressors of processing and free up time and funds to facilitate business growth," Clare DeNicola, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IVANS said. "IVANS has worked with more than 200 carriers on automation projects that Accident Fund can take advantage of in automating its business." IVANS solution for Accident Fund is an suite of services allowing agents to receive their download from all of their carriers in one step. In addition, agents will take advantage of IVANS Single Policy Resend capability to better serve its customers. As part of the suite, Accident Fund will also be rolling out real-time through IVANS Transformation Station(TM), a product which provides all players in the insurance distribution process--agents, carriers, and agency vendors--with a single communication infrastructure. About Accident Fund Headquartered in Lansing, Michigan “Lansing” redirects here. For other uses, see Lansing (disambiguation). Lansing is the capital city of the U.S. state of Michigan, and the state's sixth largest city. , Accident Fund is one of the nation's leading Workers Compensation insurers, operating in 42 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . The company also provides third party administration services and disability management. Accident Fund is the parent company of Wisconsin-based workers compensation insurer United Heartland. Founded in 1912, Accident Fund is rated A (Excellent) by A.M. Best and is a member of Ward's 50 top property/casualty carriers and is a wholly-owned subsidiary of Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Michigan. For more information, visit www.accidentfund.com. About IVANS IVANS, Inc. provides the insurance and healthcare industries with fully managed network, electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI) and agency-company interface solutions to help solve complex business issues. Headquartered in Old Greenwich, Conn. and a CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. approved vendor, IVANS serves over 475 insurance and healthcare organizations, more than 30,000 independent agents and 30,000 healthcare providers. With 24 years of experience successfully managing networks, the company also offers its clients relentless customer service, security solutions, reliable and accessible technical helpdesk support and expert enablement. IVANS, which was formed by 21 insurance companies, also has offices in Tampa, Fla. and Cincinnati, Ohio. For more information, visit www.ivans.com. |
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