COVID-19 loss analytics and information management system

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.

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Address issues for COVID-19 loss of business claims

What are some common challenges in COVID-19 funding and financial relief?

	Requirements, definitions, terms, and conditions for the multiple sources of funding and financial relief are often complex, atypical, and fluid.
	The expense, cost, and revenue loss for data needed to calculate, submit, and support reimbursement may differ by funding source.
	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.
	There are important considerations and differences when thinking about which funding mechanisms entities should engage, like where allowable funding expenses may overlap.

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