Legal Spend Management for Claims
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In order to manage the utilization of any outside service, it is important to understand the service being provided in some detail. As litigation services can represent a significant expense to insurers, providers have developed systems and services which help insurers better understand and manage those legal services. Gathering better data typically requires that both parties agree on a more granular breakdown of service categories and report usage billed on those. To the extent that this breakdown is the same as other insurers use, then it becomes possible, if they are willing to share, to compare utilization to that experienced by others. Through better understanding, it is then possible to manage more effectively. See also the latest news in insurance claims.
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