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Determining Workers Comp Premiums:
The Importance of Increasing Accuracy Up Front
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By Sharon L. Carney, Assistant Vice President — Premium Audit Advisory Service, ISO |
| Given the difficulty carriers have collecting workers comp premium adjustments after policies expire, it’s worthwhile to take a good look at what should go into the premium determination in the first place. Being able to increase the accuracy of premium determination early in the process is essential for reducing the amount of premium carriers leave on the table. » more
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Medical-Data Analytics:
The Key to Cost Containment |
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By Michael Coyne, Executive Vice President, Verisk Health |
| To control costs, carriers need to be able to identify high-risk individuals and figure out how to improve outcomes before “high risk” turns into “high cost.” But that has proven to be a difficult task. The key to controlling costs lies in medical data analytics. Similar to what carriers have been doing with group health, using predictive modeling to analyze medical data can bring workers comp cost drivers to light. » more |
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New Medicare Secondary Payer Reporting Requirements:
The Sky Is Falling . . . Will You Be Ready for July 1, 2009? |
By Michael D’Amico, Assistant Vice President, ISO’s Workers Compensation Information Services |
| Just when you think all your reporting and compliance obligations are in order, and you’re ready to move on to new business, something comes up and reality intrudes. This time, it’s the mandatory reporting of payments to Medicare eligible workers, which was written into the Medicare, Medicaid, and SCHIP Extension Act of 2007 (MMSEA) but goes into effect for workers compensation, liability insurance (including self-insurance), and no-fault insurance July 1, 2009. » more
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Assistant vice president of the Premium Audit Advisory Service, a unit of ISO.
» Read more
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