Answered step by step
Verified Expert Solution
Question
1 Approved Answer
calculate cycle time An insurance company, InsurelT, has the following business process for handling insurance claims for disability insurance. Calculate the cycle time of this
calculate cycle time
An insurance company, InsurelT, has the following business process for handling insurance claims for disability insurance. Calculate the cycle time of this process given the process model and following information: Customer pursu Junior claims handler Senior claims handler Claim submited Determine clam type Enter claim details (10) Perform insurance policy check long-term 0.8 short-term 0.2 Perform benefit as sess ment (20) X non-valid 0.2 Handle long- term claims valid 0.8 Forward to senior claims handler X Claim rejected Condlamp han Send response letter Insurance granted Activity Enter claim details Perform insurance policy check Forward to senior claims handler Determine claim type Perform benefit assessment Handle long term claims Send response letter Amount of time 10 minutes D 10 minutes 2 minutes 5 minutes 20 minutes 72 minutes 10 minutes
Step by Step Solution
★★★★★
3.41 Rating (151 Votes )
There are 3 Steps involved in it
Step: 1
The total cycle time for the insurance claim process is 109 minutes This is calculated by adding together the amount of time for each activity in the ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started