As commercial insurers seek new ways to reduce operating costs and strengthen their bottom line, the ability to identify, bill and collect cash due 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 technology to an otherwise underserved business process.

Full Outsource, TPD Administration
We provide ongoing administration of the entire TPD identification, billing and recovery processes. By leveraging our in-depth knowledge of systems, claims, billing and collections to expedite recoveries, our clients benefit from:

• Increased cash flow, reduced receivable aging and maximum collection success through our disciplined recovery process
• Paragon's proprietary predictive analytics and data mining software, utilized in our Deductible Analysis Recovery Test (DART) service for missed TPDs, to identify and recover deductibles that would have otherwise gone uncollected
• Elimination of all internal costs associated with deductible processing and administration, which ranges from full-time billing and recovery staff to partial time of claims adjusters
• Our economies of scale and investment in technology that would not be cost effective for a carrier to develop in-house

As the P&C industry's leading TPD specialist, we utilize a proven process that incorporates proprietary technology – backed by our in-depth understanding of both TPD claims and P&C operations – to help clients increase collection efficiency and improve financial performance.

Past Due Balance Pursuit
Our specialized recovery approach enables us to address issues and resolve barriers to recovering TPDs more than 90 days past due. We fully manage the aged TPD recovery process to ensure a seamless and non-intrusive recovery effort. The benefits of this service include:

• Immediate pursuit of difficult to collect balances with defined escalation and multiple touch points throughout the process
• Thorough skip-tracing processes to locate hard to find insureds
• Full management of the referred files, so internal personnel can focus on pursuing other balances

By subcontracting the TPD recovery process to Paragon's specialists, clients can accelerate recoveries, improve cash flow, reduce loss costs and create operational efficiencies that directly impact the bottom line. Throughout the P&C insurance industry, the ability to accelerate recoveries can factor in to overall financial performance. Our unique combination of technical skills, claim operations knowledge and recovery expertise makes Paragon the leader in comprehensive TPD recovery services.