Insurance companies play a key role in keeping people financially secure amidst life’s uncertainties, such as illnesses, accidents, and deaths. They pay out claims to clients who experience loss to hopefully prevent the latter from depleting their personal savings.
Medical documentation is vital to the work of law firms and insurance companies. Law firms, for example, use medical records to win medical malpractice lawsuits and other personal injury cases. Companies that offer health insurance rely on medical records to evaluate an applicant’s risk profile.
Insurance companies rely heavily on records to serve their customers. For health insurance plans, for instance, medical records allow them to evaluate an applicant’s risk and coverage. And for auto insurance claims, police and accident reports help them determine their client’s eligibility.
Medical records often play a role in cases of all types and natures. As such, their retrieval and management are key functions for most law firms. However, given the sensitive nature of the information contained therein, the access and use of medical records is closely governed.
Ours is a world of increasing specialization. The market has shifted towards providers who focus their efforts and resources toward a narrower area of expertise in order to deliver a higher level of excellence. These choose to cultivate a smaller but devoted clientele rather than provide a one-size-fits all offering that suits a wide array of clients but is otherwise undistinguished.