To see who is giving them money. They also need databases to see who needs there money back to pay for an accident.
Hospitals, To keep Patient Records. Insurance Companies. Police Crime Records. Schools for student records Government agencies like tax for tracking Benefit departments Shops use them for till transactions and inventory Basically anywhere that requires the storage of data to use in their operation will use a database of some design
why would you use database?
Many companies use databases to keep track of their stock, or their employees. A database is a collection of information, like names and addresses, or phone numbers. Police Departments have databases of crimes committed and criminals caught.
What kind of audit are you talking about. Audit's are done all the time on insurance companies. The Department of Insurance audits insurance companies to make sure they have paid claims that they should and not pay claims that they shouldn't. Auditing and accounting firms audit the finances of insurance companies as most of them are publicly traded companies so the SEC also has to approve of their finances. Insurance companies are audited every year and all the time.
database
No there is no central database that connects all life insurance companies together. There are over 500 Life Insurance companies in the United States alone.
The insurance companies have their databases, but the only way for a layman to haveaccess is to have the procedure and get the billing.
Many companies have a policy number with an A in it. Policy numbers are not standardized or regulated by any government departments. Policy numbers are assigned by individual insurance companies themselves based on their own needs for their database programs. Companies often times use A (for Auto), PA (for Personal Auto), CA (for Commercial Auto), and on and on. Many times companies don't use letters at all and only use numbers.
The M.I.B. (Medical Information Bureau) is a database where all insurers report the records found during the application underwriting for their clients. That's where they find information reported by other insurance companies as well.
Yes, they can pull your driving history from the state and your claims history from a national database.
to store its information so that it will be easily accessed
Most of the time it is alright, in fact your claim could be reported to a national database for other insurance companies.
how do medical insurance specialist use diagnosis codes
Hospitals, To keep Patient Records. Insurance Companies. Police Crime Records. Schools for student records Government agencies like tax for tracking Benefit departments Shops use them for till transactions and inventory Basically anywhere that requires the storage of data to use in their operation will use a database of some design
There is no national database for insureds, you would need to do some legwork to find out if a policy was in force and call quite a few insurance companies.
there is no international database. You will have to contact each country in the world and then add them all up to get the answer.
Databases store information. Some use database as an inventory. Large companies and stores use databases so they know what they have in stock and what they need to order.