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Monday, 26 April 2021 23:56

Realistic Labor Rate Data, Estimate Audit Tool Highlight AASP/NJ Meeting

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...pricing be transparent so everyone can see it […] If you can’t see what the prices are, then all kinds of shenanigans go on. I think you guys have experienced that.

 

“There’s no reason to accept anything an insurance company tells you about labor rates if they can’t prove it,” he added. “If they want to prove what prices are in a market---and I’m not talking about discounted prices; I’m talking about the market rate---there’s no reason for you to believe what they tell you if they can’t back it up and show you. Now, [this] is here for you to use.”

 

NABR’s BillableGenie subscription service uses repair data from approved and paid estimates and makes the data searchable and available to users to show exactly what insurers are paying for jobs around the country.

 

“BillableGenie comes in by telling you what you are actually getting paid. It’s about what your shop is getting paid by not only the insurance company but also by customers,” Richard Valenzuela said. “Knowledge is power, and New Jersey shops have an opportunity.”

 

The system currently holds 8,700 records nationwide, with roughly 518 coming from New Jersey.

 

“The more records we have, the more data we have and the more powerful it is for you to collect [on],” Richard Valenzuela said.

 

AASP/NJ also welcomed Deric Krist of Kri-Tech Solutions, LLC, who discussed the benefits of a new tool known as the Estimate Audit Tool. The objective of the product is to eliminate the back-and-forth process of sending in a repair plan and receiving an estimate back from an insurer that doesn’t accurately reflect the work needed.

 

AASP/NJ President Jerry McNee urged attendees to take advantage of the services presented at the meeting.

 

“These tools can be put to work. It’s crystal clear to me that you can say, ‘If you are paying somebody [that], then you can certainly pay me because I am not the only one.’”

 

Source: AASP/NJ

 

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