Navigation Links
Cost Per Workers’ Compensation Claim Rising In Indiana As Payments for Medical Care Increase, Says New WCRI Study
Date:12/10/2012

Cambridge, MA (PRWEB) December 10, 2012

The average cost of a workers’ compensation claim in Indiana grew rapidly in recent years, mainly driven by the high price of medical care, according to a new study, Benchmarks for Indiana, CompScope™ 13th Edition, by the Workers Compensation Research Institute (WCRI).

“The study will help policymakers and other stakeholders understand how the Indiana workers’ compensation system measures up with other states and will serve as an invaluable tool in making system improvements,” said Ramona Tanabe, WCRI’s Deputy Director and Counsel.

The study found that medical payments were the major factor behind rising workers’ compensation claim costs, which grew 7 percent per year from 2005 to 2010. In spite of these increases, overall costs per workers’ compensation claim were 12 percent lower in Indiana compared with the typical state in the 16-state study.

Among the study’s other findings:

  •     Indemnity benefits per claim—payments to replace lost wages— were 40 percent lower than the median of the states in the study, due to faster return to work and less frequent and less costly permanent partial disability/lump-sum settlement payments.
  •     Higher medical prices (consistent with states with no price regulation) drove higher medical payments per claim—15 percent higher— of the 16 study states.
  •     The percentage of workers receiving their first indemnity payment within 21 days of injury was slightly lower in Indiana at 41% than the median study state at 45%. A regulatory provision that extends the required payment period to 29 days may be a reason behind this finding.

The study benchmarks the performance of the workers’ compensation system in Indiana, as well as in 15 other states, focusing on income benefits, overall medical payments, costs, frequency of benefits, duration of disability, litigiousness, benefit delivery expenses, timeliness of payment, and other metrics.

For more information on this study or how to purchase it, click on the following link: http://www.wcrinet.org/result/bmcscope_multi13_IN_result.html.

ABOUT WCRI:
The Workers Compensation Research Institute (WCRI) is an independent, not-for-profit research organization based in Cambridge, MA. WCRI was founded in 1983 and is recognized as a leader in providing high-quality, objective information about public policy issues involving workers' compensation systems. WCRI's members include employers; insurers; governmental entities; managed care companies; health care providers; insurance regulators; state labor organizations; and state administrative agencies in the U.S., Canada, Australia, and New Zealand.

Read the full story at http://www.prweb.com/releases/2012/12/prweb10149604.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Mesothelioma Victims Center Now Urges Family Members Of A Victim Of Mesothelioma To Call Them For The Names Of The Best Mesothelioma Law Firms-Get The Best Compensation
2. Mesothelioma Victims Center Now Fears Most US Victims of Mesothelioma get Less Compensation than They Deserve So They Offer the Names of the Best Mesothelioma Law Firms
3. No Truth to Candidates Claim That Rape Hinders Pregnancy, Experts Say
4. E-Records Linked to Fewer Malpractice Claims
5. Preventing Oral Diseases Begins in Pregnancy Claims Author in New eBook
6. LawyersandSettlements.com Issues Report on Prostate Health Claim Lawsuits and Propecia Side Effect Litigation
7. Report using private health claims data shows prices are driving health spending growth
8. Doctors Detail High Costs of Fighting Malpractice Claims
9. Surprising findings from NHLBI Exome Sequencing Project reported
10. IU researchers report first effective treatment of tumors arising from common genetic disease NF1
11. Canadas health costs for seniors rising slowly: Points way to Medicare solvency
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Apple ... care services, staged a mock evacuation of the facility as part of a disaster ... Fire Department, Echo Hose EMS and Shelton City Emergency Manager, as well as the ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Global Healthcare Management’s ... Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s ... The fun run is geared towards children of all ages; it is a ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the ... danger possible to save lost souls in the Philippines. “The Journey: From the Mountains ... a dedicated teacher of the Bible. She has taught all ages and currently teaches ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
(Date:10/12/2017)... ... 2017 , ... Asante, a nationally recognized health system in ... existing home health joint venture through an agreement, effective October 1, 2017, to ... home health company with Asante, delivering clinically integrated care, for the past eight ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... -- NDS received FDA 510(k) clearance in May 2017 for its highly ... designed for endoscopy environments. An innovative secondary monitor solution, ZeroWire ... support the improvement of patient outcomes, procedural efficiency, and the lowering ... ... ...
(Date:10/4/2017)... 4, 2017  South Korean-based healthcare product Development Company ... "cprCUBE" on Kickstarter. The device will educate the user ... with better efficiency compared to the dated and pricey ... on efficacy of the compression for a more informed ... goal to raise $5,000. ...
(Date:10/2/2017)... 2017  Eli Lilly and Company (NYSE: ... third quarter of 2017 on Tuesday, October 24, 2017. ... day with the investment community and media to further ... call will begin at 9 a.m. Eastern time. Investors, ... webcast of the conference call through a link that ...
Breaking Medicine Technology: