Topical creams are becoming part of the mix of pain treatment options as doctors look for alternatives to addictive opioids.
Average wholesale used vehicle market prices registered their first year-over-year price decline since August 2014, continuing the general softening pattern seen since the impact of the hurricanes waned in late 2017. Retail used vehicle sales, including CPO sales, were strong, reflecting Spring, tax-season demand.
Medical expenses, now averaging well over 60 percent of average claims costs,1 represent a significant impact on an employer’s workers’ compensation total cost of risk. This trend isn’t going away soon, as this average is expected to climb even higher in the coming years. Contributing to the climb are expenses incurred for treatment that are unrelated to an injured workers’ injury.
The Latest Technology Trends, Industry Insights, Data And Analyses On The Property & Casualty And Collision Repair Industries.
The renowned futurist Ray Kurzweil once said, “We won’t experience 100 years of progress in the 21st century—it will be more like 20,000 years of progress.” He is not alone in his thinking. By all accounts, we live in a time of unprecedented change, one that is driven by the exponential evolution of technology.
Workers' compensation payers are under increasing pressure to consider and protect Medicare's interests when settling claims. In this edition of Inside Workers’ Comp, Deborah Robinson Stewart, National Manager of Medicare Services at Genex, breaks down the basics of MSAs and offers insight of when they should be established.
Building a strong partnership with your pharmacy benefit manager is vital to creating better outcomes. A business can take two main approaches to its relationship with its workers’ compensation pharmacy benefit manager (PBM): as either a vendor or a partner.