Business Insurance: Creams cut pain, but price is the rub
Topical creams are becoming part of the mix of pain treatment options as doctors look for alternatives to addictive opioids.
Topical creams are becoming part of the mix of pain treatment options as doctors look for alternatives to addictive opioids.
The last time I saw the Big Deal was back in 2010. The 6’5”, 520 pound intimidator was hard to miss, strong-arming deals as William Shatner’s sidekick for Priceline.com. When Priceline pitched Shatner off a cliff during a 2012 Super Bowl commercial, it signaled an end for the Big Deal. Admittedly, I was bummed.
Property and Casualty insurance carriers have a daunting task when it comes to handling injury claims within the rapidly evolving world of regulatory compliance. As requirements constantly evolve, the number of insurance policies and injury claims an insurer/payor services in each jurisdiction can create an abundance of complex and often-confusing set of rules and regulations to follow.
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.
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.
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.
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.