The Praxis Competitive Advantage

Praxis’s fundamental approach to subrogation involves a performance-driven relationship with our clients, and one that shifts the risk from the insurer to us.

Praxis’s competitive advantage revolves around the idea that we’re more than just another subro vendor; we’re consummate professionals who know where our services fit within the broader organizational structure and how they can profoundly affect a carriers’ bottom line.


More than just another subro vendor:

  • Praxis’s goal is to find a reason to fully recover, not a reason to close files or compromise settlements.
  • Our variable fee model is based on actual results. In other words, no recovery means no charge.
  • There is no impact to your budget. No checks to write or payments to issue.
  • Our subrogation programs are customized to the client and offer seamless implementations. In other words, doing business with Praxis is easy and rewarding.
  • We have a proven track record of success with large-scale engagements.
  • Our detailed reporting allows clients to analyze their missed opportunities and enables them to improve claims and subrogation performance.
  • Our arbitration-win ratios, settlement percentages and cycle days all exceed industry standards.
  • Our 100% focus on subrogation frees claims adjusters to focus 100% on their core competencies, while allowing our clients to know that superior knowledge and resources are at work for them.
  • Our team is comprised of experts in highly specialized roles — each focusing on their core competency throughout the process.
  • We are sensitive to, and experienced in, dealing within delicate time constraints.

Audit & Investigation:

  • Praxis’s team has knowledge of state-specific issues and nuances that enable collection on otherwise uncollectible cases.
  • Our broad audit experience is credited to many years working with a variety of companies throughout multiple jurisdictions.
  • We are able to motivate and manage our workforce through a complex and tedious process.
  • We’re judicious in our use of resources, which invariably leads to cost-effective handling with higher yields.
  • We’re knowledgeable of external resources that help us streamline our process.
  • We’re skilled at reconstructing liability and damages evidence on aged claims.

Subrogation Recovery:

  • We pride ourselves on our “bulldog” attitudes and our unwillingness to take “no” for an answer.
  • Because we understand that cycle times are of paramount importance, we boast aggressive file-handling with prompt contacts and follow-up.
  • We employ a verbal contact method rather than relying upon written communication.
  • We’re accustomed to working within tight time restrictions due to our extensive work and experience with statute-sensitive cases.
  • We’re familiar with the claim handling profiles of many carriers and understand how they operate, making us more effective in our dealings.

Arbitration:

  • We match our specialized staff to cases based on their expertise and the level of difficulty.
  • Our arbitrators work as part of our recovery team to ensure that no stone is left unturned in pursuing a claim.
  • We are intimately familiar with each jurisdiction due to our broad reach and our experience working with clients throughout the country.
  • Our results are second to none.