This startup provides workers' compensation insurance and payroll services tailored for small and medium-sized businesses through agents and brokers. Their offerings include payroll-plus-compensation programs and claims management services that help clients minimize claim costs while ensuring employees receive necessary support.
Funding
$121.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized businesses often struggle to find workers' compensation insurance and payroll services that are tailored to their specific needs, leading to higher costs and administrative burdens. Traditional workers' compensation claims management can be inefficient, resulting in delayed support for injured employees and increased expenses for employers.
Solution
Omaha National provides workers' compensation insurance and payroll solutions designed for small and medium-sized businesses, delivered through independent agents and brokers. The company offers flexible payment options, including monthly installments and monthly payroll self-reporting, to accommodate varying business needs. Omaha National distinguishes itself through in-house claims adjusting, medical management, and special investigations, ensuring personalized attention and effective cost control. Their proprietary software, Oncore, supports streamlined processes and superior service outcomes for brokers, employers, and injured workers.
Target Audience
The primary target audience includes small to medium-sized businesses across various industries seeking workers' compensation insurance and payroll services, as well as independent agents and brokers looking for competitive coverage options.
Features
- "A-" (Excellent) rating from A.M. Best, ensuring reliable coverage
- Flexible payment options: monthly installments or monthly payroll self-reporting
- In-house claims adjusting with low adjuster caseloads for personalized support
- In-house medical management by credentialed specialists
- Utilization review by in-house clinical staff to ensure safe and appropriate treatment
- Medical bill analysis by Certified Professional Coders to prevent inflated charges
- Medical networks to connect injured workers with appropriate specialists
- Special investigations unit to combat fraudulent claims
- Proprietary Oncore software for streamlined service delivery
- Online portal for self-reporting payroll