Big data is increasingly at the heart of the analytics solutions future-focused claims organizations in workers’ compensation are developing.
The Medicare Set‑Aside (MSA) is often used by payers to fund future accident-related treatment in workers' comp settlements. However, because of the complex nature of the MSA, too often employers will go the MSA route when there are better options available. In today’s Inside Workers’ Comp, Deborah Robinson-Stewart helps demystify the MSA and offers insight on when payers should incorporate this tool.
Keep current with new legislation and its potential effect on your organization. This regulatory update is for informational purposes only, and provides some key highlights on state initiatives that may impact the bill review services Genex provides.
The state-mandated formulary wave is poised to continue in 2019. In just the first month of the year, an additional three states published draft or final formulary rules (New York, Montana and Kentucky). These laws provide guidance on the prescribing of medications to injured workers and are effective in addressing major workers’ compensation issues.
In the Auto Physical Damage division, which is the division that I oversee from a product strategy standpoint, we’re focused on transforming the consumer experience so everything we do is centered around this mission. After an accident, it can take anywhere from a few days to potentially weeks or months to get settlement of a claim.
You don’t have to be physically injured to suffer a mental blow.