LSG launches legal bill review solution for insurers
LSG US, a business process outsourcing company, has launched a new web application for legal bill review that uses a pricing model that should save insurers money.
QuickLBR uses a unique pricing model not based on a percentage of the value of the invoice but instead on the the billing line item/entry.
“There is growing demand in the market for high-quality legal bill review solutions with maximum automation through machine learning and AI. Quality of service and results achieved are adversely affected by the fact that most Enterprise Legal Management (ELM) systems are not designed for optimizing the bill review process,” said Gary Markham, CEO, LSG.
“We are able to offer our QuickLBR at a lower price point, because of the level of automation incorporated in the LSG bill review system, which dramatically reduces the amount of human effort. This drives high-performance, high-quality legal bill review at a lower price.”
He added: “For more than 20 years, clients have been overcharged for bill review services. We charge per line item which is unit-based. The greater the number of line items, the lower the unit-price. On average, we can save the client 50 percent or more on its bill review operational costs.”
