Paragon's Third Party Deductible (TPD) Process Review analyzes processes related to the identification, validation and recovery of third party deductibles to help commercial insurers create operational efficiencies within those functions.

A TPD Process Review has three basic steps:

Establish Objectives
Paragon meets with the client to determine objectives and to establish parameters for the project. Together we identify the critical TPD business processes and the standards which determine whether those processes are working effectively.

Assess Current Processes
Once objectives are established, Paragon conducts a detailed assessment of the client's TPD operations, examining how work is performed on a day-to-day basis. Paragon conducts interviews with key process owners and IT data analysis to assess the existing processes. We look at the level of TPD activity, internal costs associated with the process and compare current processes to best practices and industry benchmarks.

Present Analysis and Recommendations
Following the completion of the assessment, Paragon presents a comprehensive report to the client. The report reviews the objectives, explains our methodology, and provides measurement and evaluation of all key processes including:

• Current TPD process flow
• Quantification of TPD activity
• Estimation of internal TPD costs
• Comparison to best practices and benchmarks

Specific recommendations for improving the TPD process are also included.