Insights
Market Trends Continue to Show Signs of Increasing Acceptance of Electrification
Electric Vehicle (EV) sales did not continue the fast-paced growth seen in 2018 with the release of Tesla’s Model 3, but expert and consumer sentiments are pointing toward a bright near-term future for this industry-disrupting segment. Deloitte’s recently released 2020 Global Automotive Consumer Study shows that of the US consumers surveyed, 41% would prefer an alternative energy (non-internal combustion engine or ICE) vehicle for their next purchase.1 This figure is up from 29% in 2019 and 20% in 2018.
How to Better Review Costly Hospital, Emergency Room and Other Medical Bills for Third Party Claims
3 MIN READ
Motor vehicle accidents led to more than 2.5 million emergency department visits in 2017, according to the CDC’s most recent estimates. Emergency room and other hospital visits can be costly for insurance carriers, as facility charges are some of the highest fees that carriers face when paying for medical treatments related to auto accidents.
Health Literacy’s Impact on Delayed Recovery
4 MIN READ
This article is authored by guest blogger, Mariellen Blue, National Director of Case Management, Genex Services. Workers’ compensation professionals are seeing delayed recovery as an increased challenge in claims—as injured employees may not be progressing along a medically reasonable and expected time frame. However, it can be difficult to pinpoint exactly why the delay is occurring in order to address the issue.
Current Used Vehicle Market Conditions: Q4 2019
2019 ended with average wholesale prices dropping for the seventh month in a row. Though some of this decline reflects seasonal patterns, it may also be indicative of used vehicle market “fatigue” after many months of admirably withstanding used vehicle supply growth without significant deterioration in values.
New York Workers' Compensation Board says NO to Medicare hold harmless language in Section 32 Waiver Agreements
2 MIN READ
Keep current with new legislation and its potential effect on your organization. This regulatory update is for informational purposes only, and provides some key highlights on state initiatives that may impact the Medicare Set-Aside services Genex provides.
New York Workers' Compensation Board says NO to Medicare hold harmless language in Section 32 Waiver Agreements
2 MIN READ
On March 2, 2020, the New York State Workers’ Compensation Board (Board) published Subject No. 046-372 which announced that the Board determined that it will no longer approve Section 32 waiver agreements that require a claimant to indemnify and/or hold the carrier harmless.
No doctor, no problem
3 MIN READ
If you’ve had a medical appointment lately, it’s possible you didn’t see a doctor at all. For decades, the American medical system has been utilizing physician extenders including nurse practitioners (NPs) and physician assistants (PAs) to assist with the rising demands of healthcare. In recent years, their role has expanded to be more autonomous, like having the ability to give diagnoses and write prescriptions. Pharmacists are also beginning to take on new roles. Retail stores with clinics inside and urgent care clinics are at the forefront of this new, convenient patient care.