FastTrack Announces Patent Pending Status for Claim Decision Readiness (CDR) Technology
Jersey Desk/10272913

BEDMINSTER, N.J., Aug. 13, 2024 ~ FastTrack, a renowned leader in technological innovation for the life and disability insurance vertical, has recently made a groundbreaking announcement. The company's latest invention, Claim Decision Readiness Technology, has been granted patent pending status by the United States Patent and Trademark Office (USPTO). This significant achievement highlights the unique capabilities of FastTrack's latest creation, which is set to disrupt the landscape of life and disability insurance claims processing workflow.

The patent pending technology, known as Claim Decision Readiness (CDR), is the result of over a decade of extensive research, development, and ingenuity. This innovative solution promises to revolutionize the life and disability insurance vertical by offering unprecedented benefits and capabilities to insurance carriers from a workflow perspective.

One of the key highlights of Claim Decision Readiness technology is its unmatched performance. It sets new standards for efficiency by reducing claims administrative processing times by an impressive 40%. Additionally, this cutting-edge technology streamlines processes and optimizes workflows, significantly boosting productivity and efficiency for life and disability carriers.

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Claim Decision Readiness also incorporates advanced features such as Robotic Processing Automation and Machine Learning, setting it apart from existing solutions in the market. Moreover, it offers scalability and adaptability for various types of claims including life, long term disability or waiver of premium claims.

The patent pending status for Claim Decision Readiness is a testament to FastTrack's commitment to innovation and its dedication to pushing the boundaries in the life and disability vertical. This milestone also serves as a significant step forward in protecting FastTrack's intellectual property and solidifying its position as a leading insurtech services & solutions provider.

In light of this achievement, Thomas Capato, CEO & Cofounder of FastTrack expressed his excitement stating that "We are thrilled to announce the patent pending status for Claim Decision Readiness. This recognition underscores the novel and inventive nature of our technology, as well as the hard work and dedication of our team. We believe that Claim Decision Readiness is well-positioned to modernize the life and disability vertical workflow process, and we are excited to continue its development."

With this latest development, FastTrack has once again proven its commitment to revolutionizing the insurance industry through innovative technology. The company's dedication to pushing the boundaries of what is possible in the life and disability vertical is evident in its latest invention, Claim Decision Readiness.

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