The workers’ compensation segment of the property/casualty insurance business is a prime target for technology investment to maintain competitiveness and bolster performance, according to Fitch Ratings. “As the largest U.S. commercial lines segment, workers’ compensation is a focal point for …
Small business owners who want to use independent contractors need to be sure these workers really aren’t employees. Federal and state government agencies are on the lookout for businesses that use independent contractors, or freelancers, to evade Social Security, Medicare …
At face value, value-based care (VBC) seems like the answer to some of the woes associated with the fee for service model currently used in workers’ compensation. However, several factors need to be considered to determine whether it can be …
Value-based care, party changes in several states, as well as a holistic view when it comes to patient injuries will have a significant impact on the workers’ compensation industry this year, according to hosts of the Out Front Ideas webinar …
Sick or injured Missouri residents who need air ambulance services face thousands of dollars in bills and sometimes aggressive collection efforts if they cannot pay, according to a state report. The average bill after insurance for people who needed air …
Is the pain stabbing or burning? On a scale from 1 to 10, is it a 6 or an 8? Over and over, 17-year-old Sarah Taylor struggled to make doctors understand her sometimes debilitating levels of pain, first from joint-damaging …
Pennsylvania Insurance Commissioner Jessica Altman commended Zenith Insurance Company and ZNAT Insurance Company, the first insurers to submit informational workers’ compensation filings that describe how the insurance companies are retroactively correcting charges to employers for their workers’ compensation policies written …
Medical payments per workers’ compensation claim in Texas decreased from 2014 to 2016 for claims with more than seven days of lost time, evaluated as of 2017. This followed several years of increasing medical costs, according to a recent study …
A recent survey by The Hartford shows the opioid epidemic is having a tangible and growing impact on employers of all sizes nationwide, and a majority of U.S. workers and Human Resources (HR) professionals feel they have limited knowledge and …
As medical costs continue to rise, workers’ compensation payors are looking for methods to identify expenses that can be controlled and ways to handle claims more efficiently. According to a Lockton white paper, medical expenses are now averaging well over …