December 18, 2018 – Chicago, IL – Since the Workers’ Compensation Benchmarking Study launched in 2013, claims leaders have consistently ranked medical management as the core competency most critical to claim outcomes. With medical costs representing more than 60 percent of claims costs in many jurisdictions, the study’s Advisory Council recommended the 2018 study further investigate how high performing claims payers are surmounting this top industry challenge.
In this second of two articles, Chief Operating Officer David Huth continues to examine how higher performing claims organizations are combatting key cost drivers along with action steps to replicate their outcomes.
Over the past five years, higher performing claims organizations have adopted practices to better target six key drivers of claims costs. In this first of two articles, David Huth, Chief Operating Officer, examines three of these cost drivers and the proven strategies for impacting them.
Study results indicates only 24 percent of claims organizations are high performers, so how do the other 76 percent catch up? This short report – “How to Close the Claims Performance Gap: Top 3 Findings in 5 Years of the Workers’ Compensation Benchmarking Study” – condenses the study’s multi-year benchmarking data into the top three practices claims organizations should adopt to join their more successful peers, or risk falling further behind. >> Five minutes to read.
Chicago, IL – June 19, 2018 – Rising Medical Solutions, a longtime MCG Health Company partner, is now rolling out MCG’s powerful Official Disability Guidelines™ (ODG) analytics directly to customer users. Rising’s latest enhancement to its client web portal, VISION™, provides users with single sign-on access to ODG’s robust claims scoring capabilities, enabling claims professionals
A new A.M. Best survey demonstrates a growing number of workers’ comp insurers are fighting back against rising injury severity by using predictive analytics to lower claim and fraud costs. Rising’s 2017 Workers’ Comp Benchmarking Study was cited in support of A.M. Best’s findings, with our own survey data showing increased adoption of predictive analytics among claims organizations in the past three years.
Chicago, IL – January 30, 2018 – Two members of Rising Medical Solutions’ executive leadership team have assumed new, elevated positions as the company enhances its customer experience practice. Vice President of Product Design and Development, David Huth, has been promoted to Chief Operating Officer (COO) and Senior Vice President of Sales and Marketing, Timothy