Trust Verus to take care of the details of managing complex mass tort and class action settlements.
Verus Settlement Administration Services
7 Million Claims Managed & $7 Billion in Settlement Funds Distributed to Claimants
Settlement Administration Solutions
Verus has decades of experience in the design, implementation and management of complex settlements. Our focus on transparency ensures that all stakeholders have visibility into the process. Our proprietary technology combined with our experienced staff streamlines the claim resolution process while ensuring confidentiality and compliance.
Verus Settlement Administration offers a comprehensive suite of services designed to streamline every stage of the process.
Program Design and Implementation
Our experts work with the settling parties to design claim intake, evaluation and payment processes based upon the specifics of each settlement agreement. Our technology platform allows us to configure data capture forms and complex business rules quickly, enabling us to begin accepting claims within a matter of weeks from the start of a new engagement. We configure and thoroughly test claim intake portals, evaluation processes, and reporting requirements before going live.
Website Design
Making clear and accessible information available to all settling parties is crucial to maintaining an efficient settlement process. We design easy to navigate websites for the publication of settlement information, including settlement documents, filing instructions, claim form and other required documentation. We provide clear, step-by-step guidance to all stakeholders for easy navigation through the claims process and access to support professionals for those who may require additional support.
Take control of your claims process. Contact Verus today for a free consultation and see how our Settlement Administration services can help.
Leverage our multi-channel, data-driven outreach strategy to ensure effective notification of claimants. Our experts will assist every step of the way, from the initial design of the notice campaign to reach the right demographics, drafting of messaging, and delivery of notice through the most effective channels. We can support notice campaigns across any channel: print, radio, television, social media, direct mail, and call center.
Our notice experts also work closely with our claims professionals to ensure that we maintain effective communications with claimants throughout the settlement process, including designing clear notices of deficiencies, settlement offers, and process updates as claims are adjudicated.
Contact Verus today to discover how our notice experts can help.
Our team of data scientists and statisticians are experts in designing valuation models that ensure fair and equitable treatment of claimants. We advise litigants on the data-driven design of injury matrices to support settlement negotiations and have designed models to liquidate claims according to complex criteria already agreed upon prior to our engagement.
We also specialize in forecasting long-tail liabilities, building sophisticated predictive models to estimate cash flow needs for claim payments and administrative costs for multi-year mass tort settlements.
Learn how our analytics and data migration services can support settlement negotiations and ensure effective administration of complex settlement agreements.
Verus designs and implements efficient claim intake portals to support the electronic submission of claims, including secure online claims forms, APIs, and other means of data exchange. We collaborate closely with stakeholders to determine the data and supporting documents to be collected and design processes that ensure the accuracy of claims submissions and minimize rework that can result from poor-quality data entering into the adjudication process.
Our adjudication workflow is designed to deliver timely, accurate, and efficient claims processing. Our expert claims analysts – supported by proprietary intake processes, document analysis tools, and automated business rules – make sure that claim determinations are made in accordance with the settlement plan. We aim for accurate determinations the first time to reduce the friction of costly and unnecessary appeals processes.
Learn more about our claims processing solutions and success stories. Partner with Verus for a streamlined workflow and expert guidance.
Verus offers traditional and digital payment methods that can be customized to meet the needs of any settlement program or claimant population. Our digital payment systems comply with all banking regulations, including those covering international transactions.
Our solutions scale to any size claimant population, and provide for fast and efficient reporting on clearance and reconciliations.
Contact us to learn more about fast, accurate, and secure payment processing.
Our Qualified Settlement Fund (QSF) administration services ensure compliance with court orders for the establishment of a QSF, creation of a legal entity to hold settlement funds, and provide accounting services to maintain accurate financial records. By partnering with Verus, settlement funds are handled to make sure the favorable tax treatment of QSFs is maintained over the life of the settlement program.
Verus manages the complexities of MMSEA and other healthcare lien compliance (such as workers compensation and private health plans) for settlement programs. Our team possesses the expertise, attention to detail to ensure strict compliance with all reporting obligations. We efficiently manage healthcare lien reporting for various entities, including:
- Medicare Parts A, B, C, and D
- State Medicaid programs
- Veterans Administration / TriCare
- Private insurers
- Workers Compensation
Verus understands the intricacies of federal and state laws governing healthcare compliance. Our expertise extends beyond traditional healthcare liens. We also assess and address potential legal interests from employer healthcare plans and other health coverage providers.
Let Verus handle the complexities of healthcare lien reporting and resolution.
Partner with Verus
Experienced Settlement Administration Experts
The Verus Settlement Administration team helps you navigate the complexities of mass tort and class action settlements with confidence. Our comprehensive suite of services streamlines every stage of the process, from seamless claim intake to accurate adjudication and secure disbursement of funds. Our experienced team leverages cutting-edge technology to ensure accuracy, security, and fairness for all parties involved.
Contact Verus today for a free consultation. Let our team of experts guide you through every step and ensure a successful implementation of your settlement program.