In this video, we break down the release of the Xactanalysis API and show restoration companies working on TPAs exactly how they can use it to be more profitable.
Key Takeaways
- XactAnalysis SP centralizes job data for efficient assignment management
- TPAs assign more work to contractors with faster turnaround times
- Track two metrics: Date Received and Date Submitted
- Close the gap between these dates to win more work
Restoration contractors handle complex jobs, from fixing fire-damaged properties to cleaning up after floods. Managing these tasks efficiently is crucial for success. XactAnalysis SP provides a suite of tools tailored to streamline these operations, offering robust solutions for both beginners and advanced users.
Cleaning specialists, independent adjusters, and insurance repair contractors also benefit from XactAnalysis SP, which provides essential tools and assignment management features tailored for these professionals.
Efficient Assignment Management
XactAnalysis SP allows you to manage assignments with ease. The tool centralizes your job data, providing detailed assignment information accessible anytime, anywhere. This functionality is invaluable when presenting estimates to clients or coordinating with subcontractors.
Customizable Notifications
Receive instant notifications for high-priority tasks. Configure alerts for specific events to stay on top of every assignment.
Assignment Workflow
Take jobs from assignment to completion efficiently. Manage multiple assignments with a streamlined workflow.
How TPAs Decide Who Gets Work
TPAs manage thousands of claims for insurance carriers. When a restoration job comes in, they assign it to contractors based on performance data. The contractors who respond fastest, submit estimates quickest, and maintain quality work get priority assignments.
The Bottom Line
If you're slow, you get fewer jobs. If you're fast and reliable, you get more. It's that simple.
The primary metric TPAs track is estimate turnaround time: how quickly you submit a completed estimate from the moment the job is assigned to you. Master this metric, and you'll see a direct increase in job volume.
Setting Up Your Performance Tracking System
You need visibility into your own performance. Here's how to build it:
Create a Dashboard
Build a detailed report of all your active TPA jobs. Include the job ID, date received, and estimated submit date for each assignment. Save this as an Excel spreadsheet—this is your working dashboard.
Track the Two Metrics That Matter Most
Stop worrying about everything else. Focus on these two data points:
Date Received
The date the TPA assigns the job to you. This is your starting clock.
Date Submitted
The date you submit your completed estimate. This is your finish line.
The gap between these two dates is what TPAs measure. Close that gap, and you win more work.
Calculate Your Average Turnaround Time
In your working dashboard, add a new column: Turnaround Time. Use this formula:
=TODAY() - [Date Received Column]This automatically calculates how many days each job has been sitting in your queue.
Conclusion
XactAnalysis SP is a powerful tool for restoration contractors. By leveraging its assignment management, customizable notifications, and performance tracking features, you can streamline your operations and boost profitability. Start using XactAnalysis SP today and see the difference it makes in your business.
Master Your TPA Performance Metrics
Learn how to optimize your Xactanalysis workflow and win more TPA assignments.
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