Insights
Quarterly Drug Update: Evaluating Combination Medications
6 MIN READ
Pricing for prescription drugs is a topic of much discussion. Combination drugs are often under scrutiny as a common practice for manufacturers to create new brand medications. While these combination drugs are effective, they may be more expensive and no more effective than their separate generic components that typically come at a significantly lower Average Wholesale Price (AWP).
WorkCompWire: Shore Up the Home Health Staffing Shortage with a Deep Bench of Expertise
Explore how Bob Smith addresses the growing home health staffing shortage in workers' compensation by leveraging a nationwide network of skilled caregivers to ensure consistent, high-quality care for injured employees.
WorkCompWire: How Outdated Imaging Equipment is Impacting Quality of Care and Claim Costs
Ted Smith discusses how outdated diagnostic imaging equipment affects care quality and drives up workers’ compensation claim costs—highlighting the importance of modern technology in improving outcomes and reducing inefficiencies
The Power of Technology: Six Ways to Improve Casualty Claim Outcomes
7 MIN READ
Though the Property & Casualty (P&C) industry has made definitive inroads into technology adoption, there remain vast opportunities for the sector to reap the benefits of technology to achieve better, faster results. Insurers and claim organizations at large still have a big opportunity to digitize their operations to improve casualty claim outcomes––incumbent insurance carriers could more than double their profits over a five-year period by digitizing their current business operations, according to a McKinsey report.
The Art of Creating a Physician Peer Review Panel: Contracting and Training
4 MIN READ
In part I of the series, we discussed the first steps of developing a physician peer review panel including determining candidates for the panel and some basic steps to credentialing, including validating state licenses, experience, knowledge and other factors.
Average Length of Rental for Repairable Vehicles: Q4 2018
Average Length of Rental (LOR) for Q4 2018 landed at 12.7 days in the United States, an increase of .3 days compared to Q4 2017. This is a departure from the flat year-over-year results in Q2 and Q3. Once again, there was very little consistency between regions and states, suggesting the quarterly result for the U.S. is not reflective of a genuine national trend.
5G: What High-Flying Predictions Mean for the Property & Casualty and Collision Repair Industries
Today’s technology news is dominated by articles about the promise of 5G, and with 5G set to roll out even more broadly in 2020, the impact that it will have on the Property and Casualty and collision repair industries will be significant. 5G, so named because it’s the generation following today’s 4G, could bring mobile phones information 600 times faster than today’s speeds.