05/19/21
WorkersCompensation.com
Cambridge, MA (WorkersCompensation.com) - The Workers Compensation Research Institute (WCRI) released an updated version of its study that helps compare prices paid for medical professional services across 36 states and monitor price changes from 2008 to 2020, which includes the beginning months of the COVID-19 pandemic.
“The study shows how prices paid for these services compare across states, how the prices have changed, and whether price growth is part of a broader phenomenon or unique to a state. The study also discusses the price comparison results and price trends in relation to the principal policy mechanism for regulating prices fee schedules,” said Ramona Tanabe, WCRI s executive vice president and counsel.
04/22/21
WorkersCompensation.com
Cambridge, MA (WorkersCompensation.com) - Total costs per claim in Florida experienced moderate growth at 4 percent per year from 2014 to 2018, followed by a faster increase of 8 percent in 2019/2020, according to a recent study published by the Workers Compensation Research Institute (WCRI).
“Compared with the other 17 states, growth in costs per claim in Florida since 2014 was faster than in most states, due to more rapid increases in medical payments and indemnity benefits per claim. The increase in benefit delivery expenses per claim with expenses in Florida was similar to the typical growth among the 18 states,” said Ramona Tanabe, executive vice president and general counsel of WCRI.
04/15/21
WorkersCompensation.com
Cambridge, MA (WorkersCompensation.com) - Total costs per claim with more than seven days of lost time in California have been mostly stable since 2010, according to a study published by the Workers Compensation Research Institute (WCRI). In 2019, the most recent year of the study period, total costs per claim increased moderately.
“The increase in total costs per claim in 2019 was largely driven by a 6 percent increase in indemnity benefits per claim. Over the earlier period from 2015 to 2018, indemnity benefits per claim had remained fairly stable,” said Ramona Tanabe, executive vice president and general counsel of WCRI.
The study, CompScope™ Benchmarks for California, 21st Edition, found that several factors contributed to the growth in indemnity benefits per claim in 2019. The average weekly wage of workers with injuries grew 4 percent, the average duration of temporary disability benefits increased 2 percent, and the average permanent
New WCRI CompScope™ Studies Compare Costs and Trends in 18 State Workers Compensation Systems workerscompensation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from workerscompensation.com Daily Mail and Mail on Sunday newspapers.
04/06/21
WorkersCompensation.com
Cambridge, MA (WorkersCompensation.com) - A new FlashReport from the Workers Compensation Research Institute (WCRI) examines recent trends in payments to ambulatory surgery centers (ASCs) in Georgia and the role of recent fee schedule changes, including changes to Medicare Hospital Outpatient Prospective Payment System (OPPS) reimbursement rates, which are the basis of the Georgia workers compensation outpatient fee schedule.
“While focused on a single state, this analysis has application beyond Georgia, as several states tie reimbursement for facility services conducted in the ASC setting to Medicare rates. Therefore, this is a helpful case study of one state s experience incorporating Medicare changes into its workers compensation fee schedule for ASC facility services,” said Ramona Tanabe, executive vice president and counsel of WCRI.