Most Common Characteristics of High-Performing Third Party Claim Workflows
While every carrier’s exact workflow and claim processing techniques are distinct, most claim professionals across the third party liability industry operate with the same goals in mind—settle claims accurately, efficiently and consistently. But sometimes, the complexity of third party claim processing can cloud these seemingly simple objectives.
The 5 Essentials Every Third Party Claim Workflow Needs
Recent third party claim costs have risen significantly— from the start of 2018 through the end of 2020, average charge per claimant in Mitchell’s aggregated industry data has increased 53% for third party claims.
Liability and Injury Evaluations: Understanding the Two Types of Recommendation Models
5 MIN READ
Third party bodily injury teams use a number of different approaches and tools to settle claims, but they do share a similar set of goals—settling claims efficiently and accurately.
Most Common Characteristics of High-Performing Third Party Claim Workflows
5 MIN READ
While every carrier’s exact workflow and claim processing techniques are distinct, most claim professionals across the third party liability industry operate with the same goals in mind—settle claims accurately, efficiently and consistently.
Workers’ Comp Data: Restaurant and Hospitality, Educational Services Industries Still Experiencing Low Volume of Workers’ Comp Claims
Data analysis by Aarthi Thiruvengadam. As the COVID-19 pandemic goes on, the workers’ compensation industry is still continuing to manage changing claim patterns and trends.
Workers’ Comp Data: About 25% of COVID-19 Claims Have Associated Medical Costs
Now that the year has come to a close, we took a closer look at Mitchell’s workers’ compensation claim data throughout all of 2020, and below, we’ll share our key claim takeaways.
Workers’ Comp Transformation and the Pandemic: 2020 Trends and Insights from the mPower Conference
COVID-19 has caused many changes throughout 2020, including in the workers’ compensation industry, with many employees leaving the office and working from home, regulations that have affected health care delivery and an uncertain economy. These changes have come quickly and are still evolving, even as 2021 approaches. During the 2020 mPower industry conference held in October, Mitchell experts shared several important insights and emerging trends in the workers’ compensation industry that continue to change because of the pandemic.