More stories
PBMs: Integrated Solutions for Opioid Management in the Overall Claims Management Process
The opioid crisis has been top of mind for workers’ compensation leaders and claims managers for many years. Last year, the Workers’ Compensation Research Institute (WCRI) found that the newly implemented policies may be helping to curb usage.
Prepare for IAIABC Claims Release 3.1 by Starting with Your EDI Reporting Process
The IAIABC (International Association of Industrial Accident Boards and Commissions) maintains and develops electronic reporting standards in the Workers Compensation arena. Since 2003, the IAIABC Claims Release 3.0 has been in publication.
Reduce Workers Compensation Claims By Using Wearables in The Workplace
According to the Application Resource Center, 1 in 6 Americans currently own a wearable device. While fitness is still the top priority for most wearable owners, when used in the workplace, these devices have the potential to prevent accidents, streamline the recovery process, and ultimately, improve health and financial outcomes for employees, employers and the workers’ compensation industry.
Learn About The Auto Casualty Medical Price Index in 2017
The National CPI for All Services, as reported by the Bureau of Labor Statistics in August 2017 is 120.9, which reflects a 1.7 percent decrease since Q1 2017.
5 Ways to Use Visual Reporting Effectively to Improve Claim Outcomes
Insurance carriers who aren’t looking at visual performance reports on a regular basis could be missing out on major opportunities to improve their operations and to move toward more standardized and efficient processes.
Average Length of Rental for Repairable Vehicles: Q2 2017
Average Length of Rental (LOR) in the 2nd Quarter 2017 landed at 11.54 days, representing only a fractional rise of .07 days versus the 2nd Quarter of 2016. This is a continuation of the trend we began to see in the 1st Quarter of 2017 when the rate of increase dipped to a multi-year low of .2 days. As with Q1, there was very little consistency between regions and states which suggests that the flat U.S. number is not reflective of a true national trend.