Business Insurance magazine has recognized Origami Risk, a risk and insurance technology company, with a 2016 Innovation Award for its ability to help customers make more informed decisions about managing workers’ compensation claims with greater efficiency.
The annual award acknowledges leadership and innovation in products and services intended for professional risk managers. An independent panel of judges, comprising professional risk managers, selects winners based on their products’ and services’ originality, relevance, problem solving and ease of use.
“Many of our clients are charged with the difficult task of ensuring injured workers are receiving the best, most appropriate care, while also reigning in workers’ compensation costs,” said Bob Petrie, CEO of Origami Risk. “We’re determined to ensure our technology makes it easier for our customers to achieve both those goals.”
The annual award acknowledges leadership and innovation in products and services intended for professional risk managers. An independent panel of judges, comprising professional risk managers, selects winners based on their products’ and services’ originality, relevance, problem solving and ease of use.
“Many of our clients are charged with the difficult task of ensuring injured workers are receiving the best, most appropriate care, while also reigning in workers’ compensation costs,” said Bob Petrie, CEO of Origami Risk. “We’re determined to ensure our technology makes it easier for our customers to achieve both those goals.”
More specifically, Origami Risk integrates customer claims data with data from the Work Loss Data Institute—a third party provider of industry-wide workers’ compensation
claims data referred to as the Official Disability Guidelines (ODG).
The guidelines are standards for treatment and return-to-work schedules that stem from an industry-wide analysis of approximately 10,000 workers’ compensation claims. The wide data set reflects the normative treatments and return-to-work schedules for workers with certain injury types; age and health characteristics; and other important factors that can influence care.
By integrating with ODG, Origami eliminates users from having to manually enter claim data into ODG’s separate system, run comparisons claim by claim, and then transfer any analysis back to their claims data repository. Instead, Origami users can compare all their claims at once within the Origami Risk platform by essentially touching a button.
The Origami and ODG platforms “talk to each other” over a secure connection and then Origami reports back the results—highlighting what consistent care should look like for each injury; predicting which claims might become problematic so reserves for payouts can be forecasted; and triggering instant notifications about those potential problem claims and automated instructions for intervening.
The seamless integration creates enormous efficiencies for users while actually improving data analysis—allowing them to ensure injured workers are receiving the best, most appropriate care, while also reducing workers’ compensation costs.
"Having organization-specific claims data side by side with industry data gives you insight about how to prioritize resolving claims," said Aaron Shapiro, executive vice president, for Origami Risk. "Having this combined information within the Origami Risk platform takes insight one step further and actually spurs action to further reduce costs and improve outcomes."