Definition: Third Countries Claims Recovery is an IT concept that involves the use of technology to facilitate the process of recovering claims from third-party countries. This is often used in the insurance and healthcare sectors where claims need to be recovered from entities in other countries. Source: Investopedia Source reference: https://www.investopedia.com/terms/t/third-party-claims.asp Additional information: In the context of IT, Third Countries Claims Recovery refers to the use of software and systems to automate and streamline the process of recovering claims from third-party countries. This can involve the use of data analysis to identify potential claims, automated communication systems to contact the relevant parties, and tracking systems to monitor the progress of claims. This concept is particularly relevant in industries such as insurance and healthcare, where claims often need to be recovered from entities in other countries. The use of IT in this process can significantly increase efficiency and reduce the time and resources required to recover claims. Example: For instance, an insurance company in the US might use a Third Countries Claims Recovery system to manage and recover claims from a car accident that occurred in Canada. The system would automate the process of identifying the claim, contacting the relevant Canadian insurance company, and tracking the progress of the claim until it is recovered. Similarly, a healthcare provider might use such a system to recover claims for medical services provided to a patient from another country. LOST view: OV-Digital Public Services Catalogue Identifier: http://data.europa.eu/dr8/egovera/ThirdCountriesClaimsRecoveryBusinessService EIRA traceability: eira:DigitalPublicBusinessService ABB name: egovera:ThirdCountriesClaimsRecoveryBusinessService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/ThirdCountriesClaimsRecoveryBusinessService dct:title: Third countries claims recovery Digital Public Service