January 20, 2020 – This feature article reports on some key findings from Rising’s 2019 Workers’ Compensation Benchmarking Study. Namely, the article highlights how claims executives’ and frontline claims professionals’ views largely align when it comes to day-to-day priorities and overarching goals for injured worker care. These study findings are the result of comparing nearly 1,300 survey responses from frontline claims professionals with the survey responses of claims leaders from prior research.
Jan
20
Workers’ Comp Executives & Claims Professionals Agree: Here Are 3 Positive Developments in the Industry featuring Rising’s Work Comp Benchmark Study | Risk & Insurance | Jan 2020
Jan
11
Workers’ Comp Leaders Embrace Progressive Thinking to Reduce Medical Spend featuring Rising’s Work Comp Benchmark Study | Risk & Insurance | Jan 2019
This feature article reports on the most promising and realistic medical management strategies recommended in the 2018 Workers’ Compensation Benchmarking Study to help claims organizations reduce ever-growing medical spend. The study’s findings are the result of focus group research with over 40 executives from a national cross-section of self-insured employers, national and regional carriers, state funds, TPAs, brokerages and industry consultancies.
Nov
13
Is Your Claims Management Advancing with the Industry? Part 2 by David Huth, Chief Operating Officer | WorkCompWire | Nov 2018
In this second of two articles, Chief Operating Officer David Huth continues to examine how higher performing claims organizations are combatting key cost drivers along with action steps to replicate their outcomes.
Nov
06
Is Your Claims Management Advancing with the Industry? Part 1 by David Huth, Chief Operating Officer | WorkCompWire | Nov 2018
Over the past five years, higher performing claims organizations have adopted practices to better target six key drivers of claims costs. In this first of two articles, David Huth, Chief Operating Officer, examines three of these cost drivers and the proven strategies for impacting them.
Aug
01
Work Comp Benchmark Study: Top 3 Ways to Close the Claims Performance Gap | Aug 2018
Study results indicates only 24 percent of claims organizations are high performers, so how do the other 76 percent catch up? This short report – “How to Close the Claims Performance Gap: Top 3 Findings in 5 Years of the Workers’ Compensation Benchmarking Study” – condenses the study’s multi-year benchmarking data into the top three practices claims organizations should adopt to join their more successful peers, or risk falling further behind. >> Five minutes to read.
Apr
13
Predictive Analytics Making Inroads Outside of Underwriting featuring Rising’s Work Comp Benchmark Study | Work Comp Central | Apr 2018
A new A.M. Best survey demonstrates a growing number of workers’ comp insurers are fighting back against rising injury severity by using predictive analytics to lower claim and fraud costs. Rising’s 2017 Workers’ Comp Benchmarking Study was cited in support of A.M. Best’s findings, with our own survey data showing increased adoption of predictive analytics among claims organizations in the past three years.
Read Full Article on Work Comp Central (subscription required)
Dec
20
How Artificial Intelligence Might Work for Us featuring Rising’s Work Comp Benchmark Study | WorkersCompensation.com | Dec 2017
Industry journalist and consultant, Peter Rousmaniere, uses data from Rising’s Workers’ Compensation Benchmarking Study to discuss how Artificial Intelligence (AI) can help the workers’ compensation industry. In the article, he shares how AI can go beyond prediction to help payers remove errors in their claims management processes.
Read Full Article on WorkersCompensation.com (subscription required)