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INNOVATIVE CLAIMS SOLUTIONS, INC. (#2027073)
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INNOVATIVE CLAIMS SOLUTIONS, INC. (#2027073)
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Last modified
8/19/2026 1:54:37 PM
Creation date
8/19/2026 1:51:18 PM
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CONTRACTS
Description Type
Professional Services
Contract Type
New
NAME
INNOVATIVE CLAIMS SOLUTIONS, INC.
Contract Record Series
704-05
Munis Contract #
2027073
Contract Expiration
6/30/2029
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Page 11 of 11 <br /> <br />In addition to customized reports, clients are able to access a variety of real time claims data <br />from their KPI Dashboard including key insights such as injury causes, report lag analysis, <br />seasonality trends, claim counts, outstanding reserves, total cost incurred, litigation status, and <br />organizational analysis. <br />G. Banking <br />ICS has conducted a thorough review of the Banking criteria and is fully equipped to continue <br />delivering services that meet or exceed all established standards and expectations. <br />H. Transition <br />One of the most challenging aspects of a program’s implementation is the transition of the <br />existing open inventory. ICS is sensitive to the fact that a change in administrators will impact <br />each department and injured worker within your organization. Fortunately, if ICS is chosen to <br />continue the administration of your program, it will eliminate the need for any of the usual <br />challenges associated with that process. <br /> <br />Compensation <br /> <br />Flat Annual Administrative Fee <br />Program Year Contract Period Annual Administrative Fee <br />Year 1 July 1, 2026 – June 30, 2027 $270,000 <br />Year 2 July 1, 2027 – June 30, 2028 $270,000 <br />Year 3 July 1, 2028 – June 30, 2029 $278,100 <br />Year 4 July 1, 2029 – June 30, 2030 $286,443 <br />Year 5 July 1, 2030 – June 30, 2031 $295,036 <br /> <br />Docusign Envelope ID: 3D604DF4-2C2C-861D-8285-1B6425D792A9
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