When used thoughtfully, AI can be a game-changer for your business. At One Claim Solution, we’ve spent years building and refining AI tools that speed up and strengthen our claims management process, all with one goal in mind: helping restoration contractors get paid faster and with less friction. We’ve implemented AI in a number of ways to support that mission, especially as the volume and complexity of claims have grown. Here are just a few ways we’re using artificial intelligence to drive better outcomes for our contractors.
Most of the AI tools that OCS uses are built into our OCS Contractor Portal. Every one of our contractors gets access to this portal when they onboard. It allows contractors to submit claims, track payments, view personalized analytics, and more. Many of these features are driven by artificial intelligence.
One of the most powerful ways OCS uses AI is through the Contractor Portal’s data analytics tools. These features help contractors see the bigger picture of their collections performance. AI analyzes patterns across a contractor’s submitted claims, spotting trends in important claims metrics like payment timelines and settlement outcomes. This gives contractors quick, at-a-glance insights into things like what types of jobs have better profit margins and how their overall cash flow is trending. Instead of digging through spreadsheets, our restoration contractors get a clear, AI-powered view of their accounts receivable so they can make better business decisions faster.
The AI built into the Contractor Portal can also answer some questions for contractors. Contractors can ask the AI things like the status of a claim or the date a claim was submitted, and then the AI will review all of the claim information on file and provide an answer almost instantly.
This AI answer tool doesn’t replace human support, but complements it. All of our contractors have an account manager that they can ask questions to. Our account managers continue to be our contractors’ greatest resource for more complex claims questions. But the Contractor Portal’s ability to answer many of the simpler questions our contractors have about claims is a convenient and fast way for them to get the information they are looking for.
One of the ways we put artificial intelligence into action is through claims summaries. Instead of manually combing through notes and emails to get up to speed, OCS claims advocates now see AI-generated summaries that outline important events and next steps for any given claim. This helps the OCS team save time, and our contractors directly benefit from this. When we don’t have to spend as much time reviewing lengthy claim information, we can more quickly resolve a claim, which translates into faster payments for our contractors.
One downside of many publicly available AI tools is that they are not truly private or secure. In fact, many public AI tools, including popular ones like ChatGPT, warn users not to share private or sensitive information.
With the AI used by OCS, you never have to worry about where your data or sensitive information is being shared. The AI features powering our Contractor Portal are developed and managed entirely in-house, which means we never hand off contractor data to outside systems. Sensitive financial information stays safe, secure, and private.
As we continue to improve our internal AI tools, our contractors will continue to see the benefits, especially in the Contractor Portal. We’re always looking for better ways to use technology to serve our restoration contractors. So what might the future of AI use at OCS look like?
AI’s ability to analyze information and spot patterns can be an invaluable tool for restoration contractors and other businesses, including One Claim Solution. But AI is only as intelligent as its input. One Claim Solutions has processed thousands of restoration claims for contractors nationwide since it was founded in 2016. Because of this, we have access to a dataset of real-life claims and their outcomes that is more expansive and detailed than few, if any, other businesses have. All of this information makes OCS and the AI tools we use better equipped to analyze, find patterns, and predict restoration claims outcomes.
Contractors and our OCS team already have access to claims analytics through the portal. One of the things our team is exploring is how we can use AI to harness that analytical information and our historical claims data to predict the outcomes of claims. Hear Josh and Jeremy discuss more about what that AI capability could mean for contractors.
The AI tools we’ve built at OCS are solutions designed to help us better serve our restoration contractors. If you’re tired of chasing down payments, playing phone tag with adjusters, or flying blind when it comes to the state of your cash flow, One Claim Solution might be right for you. Give us a call today to see how we can help you get paid more and more quickly.