Navigation Links
Workers’ Compensation Costs Per Claim Moderating In Pennsylvania After Years of Growth, New Study Reports
Date:11/14/2013

Cambridge, MA (PRWEB) November 14, 2013

The costs per workers’ compensation claim in Pennsylvania are moderating, following years of steady growth in previous years, according to a new study by the Workers Compensation Research Institute (WCRI).

The report, Benchmarks for Pennsylvania, CompScope™14th Edition, said total costs per workers’ compensation claim grew 3.4 percent per year between 2009 and 2011, after 7.6 percent per year growth in the three previous years.

“The study will help policymakers and other stakeholders understand how the Pennsylvania workers’ compensation system measures up with other states and serves as an invaluable tool in making system improvements,” said Ramona Tanabe, WCRI’s deputy director and counsel. “The study also examines how system features in Pennsylvania have affected cost components, which differentiate Pennsylvania from the other study states."

The moderation in growth was seen across all cost components, such as medical payments, wage replacement benefits, and litigation expenses.

Among other major findings:

  •     The costs of wage replacement, called indemnity benefits, were higher than typical of the 16 states in the WCRI study, driven by longer duration of temporary disability benefits and larger lump-sum settlements.
  •     Litigation expenses were higher in Pennsylvania relative to other states, possibly the result of system features and processes.
  •     The costs of medical payments for the treatment of injured workers rose at rates similar to most study states, reflecting the generally stable trend in prices paid for professional services.

Click on the following link to purchase this study: http://www.wcrinet.org/studies/public/books/BMcscope_multi14_PA_book.html.

The Cambridge-based WCRI is an independent, non-partisan research center that is recognized as a leader in providing high-quality, objective information about public policy issues involving workers' compensation systems.

ABOUT WCRI:

The Workers Compensation Research Institute (WCRI) is an independent, not-for-profit research organization based in Cambridge, MA. Since 1983, WCRI has been a catalyst for significant improvements in workers' compensation systems around the world with its objective, credible, and high-quality research. 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/2013/11/prweb11332392.htm.


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

Related medicine news :

1. Modern Medical is the First Pharmacy Benefit Manager to Bring e-Prescribing to the Workers’ Compensation Industry
2. Workers’ Compensation Myths Addressed By Lancaster Firm
3. Illinois Workers’ Compensation Fee Schedule Changes Result in Lower Prices Paid; Costs of Medical Payments Decreasing, Says New Study
4. New Study Tracks Latest Changes in New York Workers’ Compensation System after 2007 Reforms
5. Report Released By the National Academy of Social Insurance This Month Shows Georgia To Be One of 22 States Whose Workers’ Compensation Benefits Payments Dropped in 2011
6. Injury Law Firm Releases New Informational Graphic about Workers’ Compensation in Rhode Island
7. Workers’ Compensation Case Requirements Have Changed
8. Changes to Georgia Workers’ Compensation Laws Set to Take Effect on July 1, 2013
9. Healthcare Solutions Partners with Usable MCO to Provide Enhanced Workers’ Compensation PPO Coverage in Arkansas
10. Cost Per Workers’ Compensation Claim Rising In Indiana As Payments for Medical Care Increase, Says New WCRI Study
11. Healthesystems’ Fall 2013 Issue of RxInformer Journal Offers Guidance and Insights on Challenges Ahead in Workers Compensation
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 Mountains to ... to save lost souls in the Philippines. “The Journey: From the Mountains to the ... teacher of the Bible. She has taught all ages and currently teaches a class ...
(Date:10/12/2017)... ... 2017 , ... Planet Fitness, one of the largest and fastest growing franchisors ... a flagship location in Covington, LA at 401 N. U.S. Highway 190, in January ... Office Depot in the Holiday Square shopping center. Its location allows it to serve ...
(Date:10/12/2017)... ... October 12, 2017 , ... Asante, ... post-acute health care, have expanded their existing home health joint venture through an ... has been operating a joint venture home health company with Asante, delivering clinically ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... , Sept. 25, 2017   Montrium ... Master File solutions, today—from the IQPC Trial Master ... , NL)—announced that EastHORN Clinical Services has ... clinical programs and TMF management. EastHORN, a leading ... eTMF platform to increase transparency to enable greater ...
(Date:9/22/2017)... , Sept. 22, 2017  As the latest ... Senators Bill Cassidy (R-LA) and Lindsey ... notes that the medical device industry is in an ... device tax, the 2.3% excise tax on medical device ... they also want covered patients, increased visits and hospital ...
(Date:9/19/2017)... Ky. , Sept. 19, 2017   ZirMed Inc ... predictive analytics, today announced that it has been ranked #1 ... Black Book™ Rankings 2017 User Survey. ZirMed was ... solution for large hospitals and medical centers over 200 beds ... Black Book,s healthcare technology user survey history. ...
Breaking Medicine Technology: