Dec
18

Technology Helps Manage ‘Mega Claims’ in Comp: Experts featuring Rising CEO Jason Beans | Business Insurance | Dec 2024

December 18, 2024 – The construction industry and comorbidities are two areas of concern in the workers compensation industry, which is grappling with a rise in so-called mega claims, according to experts who say technology is working to help curb runaway costs.

Costs associated with catastrophic workplace injuries that cost more than $2 million represent less than 0.1% of workers compensation claims but account for up to 2% of all costs to insurers, according to a report released Dec. 5 by the National Council on Compensation Insurance.

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Oct
30

Claims Industry Sees Rise in New Employees, More Use of Tech: Report featuring Rising's Work Comp Benchmark Study | Business Insurance | Oct 2024

October 30, 2024 – The workers compensation sector is attracting more employees new to the industry, training them more and giving them more access to technology, according to Rising Medical Solutions LLC’s benchmarking study released Wednesday.

Based on 2023 data, the latest report is the 11th edition of the annual report and is based on responses from about 1,300 claims professionals, the Chicago-based managed care company said.

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Oct
30

Rising Medical Solutions Publishes 11th Annual Workers’ Compensation Benchmarking Study | Oct 2024

Oct 30, 2024 – Chicago, IL – Rising Medical Solutions today announced the release of its 11th annual Workers’ Compensation Benchmarking Study Report. The newly published study builds upon a decade of research into the evolving landscape of modern claims management.

Based on a survey conducted in late 2023, the most recent Report quantifies the challenges, motivations, and experiences of more than 1,300 frontline claims professionals. These professionals, with their expertise, empathy and efficiency, have long been the cornerstone of effective claims management. Yet, despite their pivotal role in driving positive outcomes, their collective voices are rarely the subject of industry-wide analyses.

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Jun
26

Webinar to Examine Latest Work Comp Benchmarking Study Data, Revealing Survey Results from More Than 1,300 Frontline Claims Professionals | Jun 2024

June 26, 2024 – Chicago, IL – Experts from Rising Medical Solutions’ annual Workers’ Compensation Benchmarking Study will dissect the most recent study data in a free webinar on Wednesday, July 24, 2024, from 2 p.m. to 3 p.m. ET. The webinar, entitled “The View from the Front Lines of Claims Management,” will use the study’s latest survey results to examine how frontline claims talent views their profession and the tools transforming the industry.

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Jun
19

Rising Appoints Industry Veteran John Paolacci as Chief Operating Officer | Jun 2024

June 19, 2024 – Chicago, IL – Longtime managed care executive John Paolacci has joined Rising Medical Solutions (Rising) as the firm’s Chief Operating Officer. In this role, John will be responsible for continuous product optimization through customer delivery for all of Rising’s medical cost containment and medical care management services. Additionally, John will oversee the company’s Medicare compliance solutions, including its Section 111 reporting, a service line poised for growth given the Centers for Medicare and Medicaid Services impending changes to Medicare Set Aside reporting requirements.

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