Insights
Four Essential Investments for Improved Collision Repair Efficiency
What are the investments you can make in your repair shop to produce more in the same amount of time? David Stringfield, of Auto Masters Fleet Services Inc., weighed-in on his operational secrets for efficiency in an article by Ratchet+Wrench.
Medication-Assisted Treatment (MAT) Trends in 2018
1 MIN READ
Opioid dependence and abuse are prevalent and continue to be a concern in our society and the workers’ compensation population. Medication-assisted treatment using methadone, buprenorphine, or naltrexone along with counseling and other support is one of the options for managing opioid use disorder. Analyzing the trends within our data related to these types of medications can provide valuable additional insight into the prevalence of evidence-based and guideline-supported approaches related to overall opioid strategy.
What’s Behind the Increase in Total Loss Market Values?
Auto insurance carriers are not only facing increasing cost of repairs due to the rise in vehicle complexity but also are seeing increased costs when it comes to settling total losses. Average total loss market values have increased 6.55% in the first half of 2019 compared to the same time period last year, and the frequency of total loss outcomes has increased slightly as well to 17.53% in the first half of 2019 compared to 17.49% in the same time period last year.
The Introduction of Level 3 Automation
Autonomous vehicles have been making headlines for the past several years with some experts in the industry predicting that such vehicles would be taking over our roadways in the next decade. While this scenario seems unlikely due to the challenges that come with 100% automation, automakers are now equipping their vehicles with more advanced autonomous features that require less driver involvement.
Virtual Connections
2 MIN READ
As the telemedicine industry continues to boom we’re seeing new forms of telehealth emerge in the marketplace. Variations including tele-rehab, remote patient monitoring, and even “avatar-like” nurses being utilized by hospital systems and providers.
Morphine Equivalent Dose (MED) Trends in 2018
1 MIN READ
Morphine Equivalent Dose (MED) remains a valuable indicator of risk when it comes to opioids, and we continue to see downward trends through 2018 that align with best practice recommendations.
Average Length of Rental for Repairable Vehicles: Q2 2019
Average Length of Rental (LOR) for Q2 2019 landed at 11.8 days in the United States, an increase of 0.2 days compared to Q2 2018. Once again, there was very little consistency between regions and states, although every region was either flat or up. The Mountain, Northwest and California regions produced the largest increases at 1.0, 0.4 and 0.4 days respectively. The average LOR ranged from a high of 12.8 days in the Mountain region to a low of 10.8 in the Midwest.
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