Newsletter Sign-up

Whether the scene is a parking lot, an apartment building or a hotel, a premises negligent security claim can never be taken lightly.

The challenges companies typically face in a merger can be quite difficult. Melding cultures, workforces, technology, and products and services is more often than not an extremely daunting task. Add in the objective of continually innovating and developing new products to please customers along the way, and it's even more difficult.

Ancillary medical costs need attention.

It's fairly common for vendors to claim that they deliver complex care in the workers' compensation market. But is it true? Not in the vast majority of cases, as it turns out.

Collecting current loss exposure information prior to an insurance renewal is a requirement for most risk management departments. Risk management departments see this as a way to ensure their insurance is sufficient in an event of a loss and to reduce their costs due to overinsuring.

There exist proven solutions that can address the gravest health issue of our time, and diabetes prevention and control programs have demonstrated their effectiveness.

While data security risks are hardly new, today's expanded dependence on electronic data and the explosion of mobile computing means managing data risks is becoming critical for businesses of all sizes.

Back in late October, superstorm Sandy stunned the East Coast. The storm's powerful winds and waves may make Sandy the second most expensive storm in American history, after Hurricane Katrina.

The vast majority of prescription drugs in workers' compensation are prescribed and taken appropriately. With more than 3 million workplace injuries reported by private industry in the United States in 2011, responsible medication use is critical. Unfortunately, not all medications are taken as prescribed.

Working in the small business market segment, with small premiums and slim margins, can be a challenge for producers. But with the right combination of coverages, claim services and technology, it is possible to grow this segment into a very profitable book of business, according to Richard Alexander, General Middle Market Profit Center Manager, Starr Indemnity & Liability Company.

Medical cost containment tools for the workers' compensation industry have evolved slowly over the past 20 years and most changes have only been subtle enhancements to traditional retrospective bill processing. One of the more significant advances occurred when the PBM industry moved towards a predominantly prospective environment whereby rules, formularies and clinical edits were applied at the point of sale, prior to drugs being dispensed at a retail pharmacy. As part of controlling utilization, this was a pretty significant step.

To Scott Robinson, there is benchmarking and then there is benchmarking.

Save time and money
Track Record of Success
Best Practices
Real-time Decision Making

Determining the strengths of a pharmacy benefit manager (PBM) has traditionally involved looking at three key areas: depth of product and service offerings, the ability to provide exceptional service and technology. For years, it didn't take much digging to determine the area in which each PBM excelled. Recently, however, these distinguishing lines have blurred as more PBMs are stepping up their game to compete for a share of the workers' compensation market.

A critical skill in managing workers' compensation claims involves asking a lot of important questions. One question claims examiners would like to avoid, however, is, "Where are my medical bills?"