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Global Claims Processing Services Market Procurement Intelligence Report with COVID-19 Impact Analysis

Global Claims Processing Services Market Procurement Intelligence Report with COVID-19 Impact Analysis

The Global Claims Processing Services market will register an incremental spend of about $90 billion, growing at a CAGR of 6.25% during the five-year forecast period. A targeted strategic approach to Global Claims Processing Services sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005870/en/

SpendEdge has announced the release of its Global Claims Processing Services Market Procurement Intelligence Report (Graphic: Business Wire)

Key benefits to buy this report:

  • What are the market dynamics?

  • What are the key market trends?

  • What are the category growth drivers?

  • What are the constraints on category growth?

  • Who are the suppliers in this market?

  • What are the demand-supply shifts?

  • What are the major category requirements?

  • What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Global Claims Processing Services market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Insights into buyer strategies and tactical negotiation levers:

Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Global Claims Processing Services market. The report also aids buyers with relevant Global Claims Processing Services pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot

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Courts siding with insurance firms over business interruption claims | Business

Courts siding with insurance firms over business interruption claims | Business

A growing number of U.S. courts are ruling against employers who’ve filed insurance claims for business interruption coverage stemming from government-ordered coronavirus shutdowns.

The Insurance Information Institute reports insurers have won more than a dozen cases since May, with judges ruling that the policies only kick in if a property sustains physical damage. The business owners had argued that the coverage should have started when local or state governments issued stay-at-home orders that hampered their ability to operate.

A couple of Charleston-area cases are still pending in federal court. Black Magic Cafe says its losses started on March 17, when Gov. Henry McMaster ordered a temporary halt to dine-in services at South Carolina restaurants.

The historic Calhoun Mansion at 10 Meeting St., now known as The Williams Mansion, sued its insurer after a McMaster executive order shut down museums.



Charleston cafe takes on insurance firm in fight over coronavirus claims

A bill that would have required insurance carriers to cover coronavirus-related business losses — co-sponsored by Sen. Sandy Senn, a Charleston Republican, and Sen. Marlon Kimpson, a Charleston Democrat — was introduced in the S.C. Statehouse in April but went nowhere.

Recent court rulings indicate the local cases might be a losing cause.

For example, Judge Thomas Thrash last week dismissed a federal lawsuit brought by restaurant in Georgia, ruling that a government stay-at-home order did not cause the business to sustain direct physical loss of or damage to its insured property or surrounding premises.



Owner of Charleston's historic Calhoun Mansion suing insurer over COVID-19 claims

Similarly, a U.S. District Court judge in Florida last month dismissed a trade show display company’s claims, saying “the plain language of the policies reflect that actual, concrete damage is necessary.”

And in another ruling in California last month, Judge Cathy Ann Bencivengo ruled against a pair of barbershops, stating: “Most courts have rejected these claims, finding that the

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New initiative launched in UAE to improve health insurance claims process

New initiative launched in UAE to improve health insurance claims process



New initiative launched in UAE to improve health insurance claims process


© Provided by Khaleej Times
New initiative launched in UAE to improve health insurance claims process

UAE’s Ministry of Health and Prevention, MoHAP, launched the ‘post office’ initiative as part of the National Unified Medical Records program – Riayati to connect hospitals, clinics and health care providers on a centralised database system.

The post office initiative will help provide a seamless workflow of all claims between healthcare facilities and insurance companies. It will improve treatment services and reduce healthcare costs in the UAE through its smart integrated health system aimed at reducing the misuse of financial resources.

Riayati was launched at Arab Health 2018 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

MoHAP, in cooperation with Pure CS healthcare technology company, will cover all public and private health facilities in 2021.

Awad Saghir Al Ketbi, assistant undersecretary of the support services sector, said, “Riayati is a digital health platform that provides an integrated health care system. It showcases updated data of patient records and provides innovative solutions in the automation and management of health data, using the latest technology technologies.”

From verification of eligibility and insurance coverage and e-payments, including claims submission and tracking refusals, the new service will help provide better management of the central information related to the electronic insurance claims and their tracking.

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Pakistan bans TikTok over immoral content claims

Pakistan bans TikTok over immoral content claims

The Pakistan Telecommunication Authority (PTA) blocked the use of TikTok in the country, explaining the social media app failed to comply with its instructions to moderate content deemed indecent by the regulator.

In a statement, the authority said its move followed a “number of complaints from different segments of the society against immoral/indecent content” on TikTok.

After issuing a formal warning over the app’s practices in July, the PTA explained it took the decision to block the service as TikTok did not fully comply with instructions it gave “for development of effective mechanism for proactive moderation of unlawful online content”.

The Pakistani regulator, however, stated it was open for engagement and its banning order was subject to review if content moderation was put in place.

A TikTok representative told Mobile World Live (MWL) the company had “robust protections in place to support a safe and welcoming platform for our community”, which included moderation, clear guidelines and mechanisms for reporting content for review.

TikTok also said it hoped “to reach a conclusion that helps us serve the country’s vibrant and creative online community”.

This is not the first time a popular app has been blocked in the country. In September, the PTA banned access to Tinder, Grindr, Tagged, Skout and SayHi, citing negative effects from content displayed by the services.

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US weekly jobless claims fall to 840,000, more than economist forecasts

US weekly jobless claims fall to 840,000, more than economist forecasts

  • New US jobless claims for the week that ended Saturday totaled 840,000, the Labor Department said Thursday. The reading landed above the consensus economist estimate of 820,000 but marked a slight decline from the previous week’s revised figure.
  • Continuing claims, which track Americans receiving unemployment benefits, fell to 11 million for the week that ended September 26. That was also lower than economist expectations.
  • Visit Business Insider’s homepage for more stories.

The number of Americans filing for unemployment benefits edged lower last week in a modestly encouraging sign for the labor market’s prolonged recovery.

New US weekly jobless claims totaled an unadjusted 840,000 for the week that ended Saturday, the Labor Department announced Thursday. That reading came in above the median economist estimate of 820,000 compiled by Bloomberg, but reflects a slight decrease from the previous week’s revised figure.

Continuing claims, which track the aggregate total of Americans receiving unemployment benefits, declined to 11 million for the week that ended September 26. The reading came in below the median economist estimate of 11.4 million.

Read more: A $2.5 billion investment chief highlights the stock-market sectors poised to benefit the most if stimulus is passed after the election — and says Trump ending negotiations doesn’t threaten the economic recovery

Thursday’s report holds “a mix of worrisome and hopeful readings” on the nation’s labor market, Nancy Vanden Houten, lead US economists at Oxford Economics, said. On one hand, the number of Americans receiving regular state benefits fell by 1 million in the week ended September 26.

Yet “the number of individuals who have exhausted regular benefits continues to climb, further evidence of more long-lasting scarring effects from the pandemic,” she added.

The roughly 64 million unemployment-insurance filings made since early February handily overshadow the 37 million filings made during the 18-month long

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