claim costs News

Viewpoint: The Future of Contents Restoration

The insurance industry has made great strides in embracing and implementing technology to go beyond customer service and create the customer experience. The result? Higher policyholder retention rates, shorter claim cycles and reduced claim costs. To maintain these results, the …

WCRI Medical Index Reasserts that Medical Prices Lower in Fee Schedule States

The second Workers’ Compensation Research Institute study released this month concludes that medical treatment for injured workers costs more and prices are growing faster in states that don’t have fee schedules. WCRI reported Thursday that in 30 states without fee …

Using Data and Analytics in Workers’ Compensation

In the workers compensation space, not only have claim costs increased because of medical issues, but the landscape has also become much more complex. Along with the elevated incidence of fraud, economic fears, and a growing dependency on prescription drugs, …