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COVID-19 loss analytics and information management system
Navigate loss of business claims effectively and efficiently
Is your organization looking to advance its COVID-19 funding and financial relief requirements process? Learn how Deloitte’s COVID-19 Loss Analytics and Information Management System platform can help you address challenges—from document management and workflows to expense claims—to effectively administer your COVID-19 funding and financial relief data analytics and management requirements.
Explore content
- The current COVID-19 loss analytics landscape
- Address issues for COVID-19 loss of business claims
- How the COVID-19 Loss Analytics and Information Management System can help
- Schedule a demo with us to learn more
- Join the conversation
CLAIMS: COVID Loss Analytics Information Management System
Watch the video to learn more about our COVID Loss Analytics Information Management System (CLAIMS), and how it can help you navigate loss of business claims effectively and efficiently.
The current COVID-19 loss analytics landscape
Since the US federal government enacted a series of legislation—the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Paycheck Protection Program, and the Health Care Enhancement Act—in response to the COVID-19 crisis in March 2020, many have faced challenges in administering COVID-19 financial relief requirements.
Facilitate a more efficient process for COVID-19 financial relief requirements and associated claims/document archiving that can withstand potential downstream regulatory scrutiny. See how our COVID-19 Loss Analytics and Information Management System (CLAIMS) platform can help address these issues.
The current COVID-19 loss analytics landscape
Address issues for COVID-19 loss of business claims
What are some common challenges in COVID-19 funding and financial relief?
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Requirements, definitions, terms, and conditions for the multiple sources of funding and financial relief are often complex, atypical, and fluid. |
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The expense, cost, and revenue loss for data needed to calculate, submit, and support reimbursement may differ by funding source. |
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Requisite data and supporting documentation often resides in multiple locations and formats, subject to data integrity risks. Compiling, classifying, and submitting these claims can be labor-intensive. |
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There are important considerations and differences when thinking about which funding mechanisms entities should engage, like where allowable funding expenses may overlap. |
How the COVID-19 Loss Analytics and Information Management System can help
Achieve your response and recovery objectives
Advance your COVID-19 loss analytics process
Our platform enables providers to integrate COVID-19 expense transactions and supporting records, perform analytics to enhance cost recovery, and prepare COVID-19 expense claims for processing through:
• Claims analytics
Provides dynamic analytics to help process complete and relevant data from provider systems of record.
• Document management
Consolidates payment and supporting records into a central repository—powered by electronic discovery systems such as Relativity—and links the information together in a single platform.
• Review of workflows
Enables efficient and prescriptive review of claims, from initial expense identification to ultimate reimbursement filings.
Our experienced team will collaborate with your organization focusing on helping you establish a process that’s effective and efficient. Through our capabilities, we can:
• Assist in conducting analysis of funding sources and advise on the activities associated with the CARES Act and Federal Emergency Management Agency (FEMA).
• Develop methodology and tools to aid in the capturing and quantifying of lost revenue and qualified costs.
• Provide you continued assistance in estimating revenue impacts and COVID-19-related costs on an ongoing basis to help you appropriately receive available reimbursement.
Discover how Deloitte can help you administer your COVID-19 funding and financial relief requirements effectively and efficiently.
Schedule a demo with us to learn more
| Jack Walker Principal Deloitte Transactions and Business Analytics LLP +1 312 486 3149 |
Don Fancher Principal Deloitte Financial Advisory Services LLP +1 404 220 1204 |
| Jeff Griffiths Principal Deloitte Transactions and Business Analytics LLP +1 312 486 9434 |
Kirk Petrie Managing director Deloitte Transactions and Business Analytics LLP +1 571 882 8862 |
| Mohamad Said Senior manager Deloitte Transactions and Business Analytics LLP +1 212 436 6489 |
Ben Solomon Senior manager Deloitte Financial Advisory Services LLP +1 312 486 3482 |
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