Insights
StateWatch: Bill Review December 2018 / January 2019
4 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 bill review services Genex provides.
2018 Recap and 2019 Predictions: P&C Regulatory and Legislative Changes
The auto casualty and workers’ compensation markets saw numerous changes in 2018, from CPT code updates to eBilling adoption to opioid prescribing limits. As the new year approaches, Mitchell takes a look back at 2018’s top trends and industry issues and projects what to watch for with 2019 predictions.
Medicare to Begin Using Center for Disease Control (CDC) 2015 Life Tables
1 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.
Medicare to Begin Using Center for Disease Control (CDC) 2015 Life Tables
1 MIN READ
CMS has indicated that beginning January 5, 2019, they will convert to using the CDC’s “Table 1: Life Table for the total population: United States, 2015“ for the Workers’ Compensation Medicare Set Aside life expectancy calculations.
2019 CPT Code Changes: Technology is King
6 MIN READ
The American Medical Association (AMA) 2019 Current Procedural Terminology (CPT) code set is here! There are a total of 335 code changes in the 2019 code set. How will these changes impact the casualty industry? After an intensive review of the new CPT code book, the most notable changes are technology-based.
Average Length of Rental for Repairable Vehicles: Q3 2018
Average Length of Rental (LOR) for Q3 2018 landed at 12 days in the United States which is even compared to Q3 2017. This is the second consecutive year that Q3 LOR has been flat versus the prior year. Once again, there was very little consistency between regions and states, suggesting that the quarterly result for the U.S. is not reflective of a genuine national trend.
How Intelligent Automation Is Changing the Nature of Work in Insurance, Collision Repair, and Beyond
7 MIN READ
When mobile phones were first made available to consumers more than thirty years ago, it was difficult to imagine that they would become the hubs of Internet access, information and activity—even health tracking—that we know them to be today. Similarly, it may be difficult to imagine that smart phones, and indeed the world around us, will soon be embedded with artificial intelligence. But that appears to be the direction things are headed.