What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in claims management software category. Our data sources in claims management software category include;
Insurance claim management software enables insurers to manage and evaluate insurance claims. This tool provides the possibility to automatically manage support requests and mediation workflows. Insurance agencies use insurance claims management software to assess risk for demand complexity and probability of litigation.
If you’d like to learn about the ecosystem consisting of Claims Management Software and others, feel free to check AIMultiple Insurtech.
AIMultiple is data driven. Evaluate 163 services based on
comprehensive, transparent and objective AIMultiple scores.
For any of our scores, click the information icon to learn how it is
calculated based on objective data.
*Products with visit website buttons are sponsored
We use the data sources on the side for ranking solutions and awarding badges in claims management software category. Our data sources in claims management software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Applied Epic
Speedy Claims
Waystar RCM Platform
DrChrono
Intelligent Medical Software by Meditab Software
Taking into account the latest metrics outlined below, these are the current claims management software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
Applied Epic
Speedy Claims
Waystar RCM Platform
DrChrono
Intelligent Medical Software by Meditab Software
These are the number of queries on search engines which include the brand name of the solution. Compared to other Insurtech categories, Claims Management Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 84%, 4% more than the average of search queries in this area.
6 employees work for a typical company in this solution category which is 15 less than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 91 companies with >10 employees are offering claims management software. Top 3 products are developed by companies with a total of 20k employees. The largest company building claims management software is LexisNexis with more than 9,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Applied Epic
Speedy Claims
Waystar RCM Platform
DrChrono
Intelligent Medical Software by Meditab Software
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Claims Management Software companies. The most positive word describing Claims Management Software is “Easy to use” that is used in 18% of the reviews. The most negative one is “Difficult” with which is used in 5.00% of all the Claims Management Software reviews.
According to customer reviews, most common company size for claims management software customers is 1-50 Employees. Customers with 1-50 Employees make up 52% of claims management software customers. For an average Insurtech solution, customers with 1-50 Employees make up 20% of total customers.
These scores are the average scores collected from customer reviews for all Claims Management Software. Claims Management Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
This category was searched on average for 1k times per month on search engines in 2022. This number has decreased to 988 in 2023. If we compare with other insurtech solutions, a typical solution was searched 265 times in 2022 and this decreased to 222 in 2023.