After a traumatic event, injured workers may want to avoid the scene of the accident. But returning to work could help them heal.
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.
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.
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.
Does your pharmacy program have strategies in place to manage physician dispensed medications, such as dermatologicals and other high-cost products?
In the span of just about a year and a half, the auto casualty and workers’ comp insurance industry has seen more transformation than perhaps in the past decade. From increased technology implementation to changes in the makeup and frequency of claims, the industry appears much different than it did at the start of 2020.
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.