07-13-2018, 05:12 PM
A study of 50,000 claims in 18 states:
https://www.workcompwire.com/2018/07/gue...s-process/
A study of 273,000 claims:
http://riskandinsurance.com/70-percent-d...-and-paid/
***Unfortunately there is no link to the study itself and it does not indicate whether it includes an estimate of savings from denied claims that were dropped or not pursued.
Does this mean that stopping claim denials will lower employer costs overall?
The high cost of claim denials & litigation have been known for decades yet employers and carriers continue at a escalating rate.
Why???
https://www.workcompwire.com/2018/07/gue...s-process/
A study of 273,000 claims:
http://riskandinsurance.com/70-percent-d...-and-paid/
***Unfortunately there is no link to the study itself and it does not indicate whether it includes an estimate of savings from denied claims that were dropped or not pursued.
Does this mean that stopping claim denials will lower employer costs overall?
The high cost of claim denials & litigation have been known for decades yet employers and carriers continue at a escalating rate.
Why???
Reminder :
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.
THANKS FOR POSTING.
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.
THANKS FOR POSTING.