Third Party Deductibles

Paragon offers a wide variety of services to assist carriers with their TPD programs.

Missed Deductible Analysis / DART

The failure to collect third party deductibles (TPDs) on commercial liability policies can cost insurance companies millions of dollars. Additionally, identifying the missed opportunities across an organization’s entire claims portfolio can be a lengthy and expensive proposition.

Paragon’s Missed Deductible Analysis or DART (Deductible Analysis Recovery Test) helps commercial insurers find, validate and quantify unidentified or unbilled deductibles. By leveraging inference technology and predictive analytics, Paragon can find deductibles even when the data records are incomplete. This low-impact analysis is an easy way to determine if your organization is identifying all of the deductibles that are due while gaining valuable insight into how your company compares to its peers.

The average commercial deductible is about $5,000.

We typically find between 300 and 700 of them. We’ll let you do the math.

The sooner we talk, the sooner you can find out what you’ve been missing.

Ongoing Deductible Administration (Outsource)

As commercial insurers seek new ways to reduce operating costs and strengthen their bottom line, the ability to identify, bill and recover cash due to them will take on greater significance. Paragon’s third party deductible (TPD) administration services are designed to help you gain a competitive advantage by providing focus and unique technology to an otherwise underserved business process.

Paragon provides an ongoing administration solution for the entire TPD life cycle including: identification, qualification, billing, recovery, remittance and management reporting. By leveraging Paragon’s expertise in deductibles and its economies of scale, insurers gain an advantage over their competitors through:

Increased cash flow, reduced receivable aging and maximum collection success through our disciplined recovery process

Access to Paragon’s proprietary predictive analytics and data mining software to identify and recover deductibles that would have otherwise gone uncollected

Elimination of internal costs associated with deductible processing and administration

Access to the industry’s premier TPD billing and collection processes without significant internal investments in staff, software and hardware

Paragon’s Ongoing Deductible Administration service provides carriers with the comfort that all deductibles are being identified and recovered while also receiving the resource savings of a business process outsource.