The Claims Processing Facility, Inc. (CPF) provides asbestos claim processing
services to the Eagle-Picher Industries Personal Injury Settlement Trust (EPI),
the UNR Asbestos Disease Claims Trust (UNR), and the Keene Creditors Trust (KCT).
The CPF provides services to its owner, EPI, as well as on a contract basis to
UNR and KCT. The primary mission of the CPF is to provide a high quality and low cost
claim processing solution to its members and the asbestos community at large. CPF
and its co-founding members helped pioneer this developing field and remain at its
forefront with innovative solutions, efficient processing methods, and responsiveness
to the claimants’ community. CPF’s adaptable and flexible business model,
coupled with an integrated team of highly qualified and experienced staff, enables it
to meet the ever evolving needs and challenges of its current and potential new Trusts.
To achieve its mission over the longer term, CPF is currently exploring
opportunities to increase its claim processing turnover by attracting potential new Trusts
to the organization. By amortizing its overhead costs over the collective
claim processing volume of all Trusts, CPF produces a much lower unit
processing cost, which accrues to the benefit of all interested parties,
including asbestos victims, claimants’ counsel, and new and existing Trusts.
CPF Operating Strengths
CPF has extensive experience with all aspects of claim processing,
but one of our key strengths is the ability to rapidly
assimilate other trusts and quickly begin processing
large numbers of claims, and then
sustain that processing volume with uncompromising quality
at low cost. This strength is the byproduct of processing
over ONE MILLION CLAIMS for the EPI, UNR and Keene Trusts, and using cost effective
systems, controls and claim processing methods. Our staff
is highly skilled in analyzing
medical and exposure information and in applying member
specific validation criteria. Claim input and processing
data are also subjected to rigorous
quality audits to maintain the high standards mandated
by each Trust.
Low Cost Structure
CPF offers one of the lowest cost structures in the asbestos claim
processing industry and has been specifically designed for expansion.
Our business model has been designed to provide claim processing services
at a low competitive cost, and offers a viable long-term economic solution
to existing and newly forming asbestos trusts. Claims are processed
at-cost, eliminating the profit margin that would normally be charged
by an independent third party processor.
Conclusion
CPF specializes in liquidating claims using both the expeditious medical
categorization method and the individualized review approach. By applying
our experience-based strengths in planning, analysis, management, and
information technology, we provide current and potential new trusts
with targeted solutions and efficient claim processing services.
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