Predicting COVID-19’s impact on the workers’ compensation and auto markets is a fluid exercise, as the impact felt will vary by company. However, much will be based on when and how we as a nation resume life post-pandemic. Here are the trends I’m currently observing: Unemployment is skyrocketing: US unemployment claims soared to 6.648 million
Big Differences Between Three ICD-10 Coding Systems
Here are some interesting facts about ICD-10 that may not be commonly known. International Classification of Diseases (ICD) was created by the World Health Organization (WHO), which has served the healthcare community for over a century. While most industrialized countries moved to the ICD’s “tenth revision” – ICD-10 – 30 years ago (1983), the United
US Healthcare: Consumes 80% of World’s Opioid Prescriptions
The US makes up 4.6% of the world’s population, yet we consume 80% of the world’s opioid prescriptions. That means Americans consume 83 pain killers for every one the average person worldwide takes. An opioid is a form of palliative treatment that addresses symptoms, not intended to heal the cause. Basically, an opioid is synthetic heroin or opium.
ICD-10: Healthcare’s Y2K?
Injured while crocheting? Hurt at the opera house? Dinged on the squash courts? From hidden perils to the most random brush with nature, when injuries strike in the future, there will be a code so specific to your injury it is almost comical. Today, hospitals and doctors work with 18,000 codes, but that number is growing
The Place of Predictive Modeling in Our World
Predictive Modeling is a term that has become a hot button in many industries. Done properly, predictive modeling has the power to improve efficiency and outcomes in almost infinite ways. Here’s an article published in the WorkCompWire about Predictive Modeling that focuses on the workers’ compensation insurance industry. The concepts apply to many industries and I