Insights
Consultative & Customized Solutions Exceed Expectations
June 12, 2023
A claim department, fatigued by change from recent workflow and regulatory changes, struggled to meet the needs of their customers and couldn’t keep up with pending bill and claim counts.
A Deeper Look at Utilizing Generic Drugs in Workers’ Comp
June 5, 2023
5 MIN READAccording to JAMA, the Journal of the American Medical Association, during a ten-year period branded pharmaceutical products in the U.S. increased 159% by list price and 60% by net price. In a continued effort to combat rising drug costs workers’ comp pharmacy benefit managers (PBMs) look to substitute equivalent generic drugs for these more costly brand versions whenever possible.
Ask The Pharmacist: Drug Allergies Versus Side Effects in Workers’ Comp
June 2, 2023
3 MIN READTrue medication allergies are rarer than side effects, but are potentially more dangerous, and are a result of the activation and response of the body’s immune system to an “insult” or “foreign body.” Allergies occur across a range of severities, from mild to life-threatening, and often only occur on the second exposure to the drug, food or substance that triggers it.
High-Cost Topical Pain Meds Continue to Plague Comp
June 1, 2023
Pegged as a problem by the workers compensation industry nearly a decade ago, dermatological creams are increasingly being prescribed at a disproportionate cost to manage soft-tissue injuries, acco
ePay: A Simple Solution to Improve Claims Efficiency
May 23, 2023
Plugged-In: EV Collision Insights Q1 2023
May 16, 2023
3 MIN READIn Q1 2023, electric vehicle (EV) repairable claims frequency rose to 1.13% in the US and 2.41% in Canada, up a modest 0.03% and 0.15% respectively. While Tesla remains the dominant player, the company’s U.S. market share of repairable vehicles fell in Q1 2023 to 75.8% of all EVs repaired, down from 76.78% in Q4 2022. The Ford Mustang Mach-E continued to capture additional repairable market share as it maintained fourth position in U.S. EV frequency. The Cadillac LYRIQ and Rivian R1S sport utility vehicles entered U.S. collision repair facilities for the first time in Q1 2023.
Average Length of Rental for Repairable Vehicles: Q1 2023
May 15, 2023
10 MIN READLength of Rental (LOR) in Q1 2023 was 18.7 days, an increase of one-half day from Q1 2022.