What is the third party administrator

Question

Accepted Answer

A third party administrator is a company that provides administrative services for insurance claims on behalf of an insurance company.

Third party administrators handle the processing and settlement of insurance claims.
They may also handle other administrative tasks such as policy administration and customer service.
Third party administrators are independent of the insurance company and act as a middleman between the insurance company and the insured party.
They help ensure efficient and accurate claims processing.
Examples of third party administrators include Sedgwick, Gallagher Bassett, and Broadspire.

Accepted Answer

which was process the claims in behalf of insurance companies called TPA. Like- PHS, FHPL,MEDIASSIST,MDINDIA ETC.

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