How to Unlock the Potential of Unstructured Workers’ Comp Claim Data
White Paper Summary
Every workers’ comp claims payer has cases on the books that seem irresolvable — claims that seemed innocuous until suddenly they weren’t. The adjuster blinks and a claim that flew below the radar has somehow shot past its anticipated duration and cost.
“All carriers have hundreds if not thousands of these delayed recovery claims sitting on their books. They tend not to settle those claims; they just kind of linger, working their way through the system. They don’t raise any red flags until they’ve blown through the ODG guidelines or some dollar amount that wasn’t expected,” said Joseph Berardo, chief executive officer, Carisk Partners.
Most of these claims don’t attract attention until it’s too late because they start out seemingly straightforward — a back sprain or a twisted ankle. Given some pain medicine and physical therapy, the worker should be back to work in no time.
But the recovery journey is not always so simple.
To learn more about Carisk Partners, please visit their website.