Today’s edition of WorkCompRecap features more great stuff from the new report recently released by the Workers’ Compensation Research Institute (WCRI). The report compares the cost, price, and utilization of prescription drugs in 17 states (we covered Louisiana last week). In this go-round, Texas is highlighted for having prescription costs per claim with prescriptions that… [Continue Reading]
New WCRI Report: Texas Workers’ Comp Drug Costs 44% Higher than Typical State
July 31, 2011 - WorkCompWire
CAMBRIDGE, MA, – A recent study by the Workers Compensation Research Institute (WCRI) says that the cost of prescription drugs per workers’ compensation claim in Texas was among the highest of 17 states. The study, Prescription Benchmarks, 2nd Edition: Trends and Interstate Comparisons, found that the prescription cost per claim with prescriptions in the Texas… [Continue Reading]
Coventry Health Care Reports Second Quarter Earnings
July 31, 2011 - WorkCompWire
BETHESDA, Md.–(BUSINESS WIRE)–Coventry Health Care, Inc. (NYSE: CVH) has reported consolidated operating results for the quarter ended June 30, 2011. Operating revenues totaled $3.0 billion for the quarter, an increase of 6% from the prior year quarter, with net earnings of $224.5 million or earnings per diluted share (EPS) of $1.51. These results include EPS… [Continue Reading]
GuideWire Lands Texas Mutual as Claims Management System Client
July 31, 2011 - WorkCompWire
AUSTIN, Texas & SAN MATEO, Calif.–(BUSINESS WIRE)–Texas Mutual Insurance Company, Texas’ leading provider of workers’ compensation insurance, and Guidewire Software®, a leading provider of flexible core systems to property/casualty insurers, today announced that Texas Mutual has selected Guidewire ClaimCenter® as its next generation claim management system. ClaimCenter will replace the company’s existing claim system. While… [Continue Reading]
WorkCompRecap: Another New Drug Report!
July 29, 2011 - WorkCompWire
Today’s issue of WorkCompRecap features a new report recently released by the Workers’ Compensation Research Institute (WCRI). The second in an annual series of prescription benchmarks, the new report compares the cost, price, and utilization of prescription drugs in 17 states. At the top of the “Highest Prescription Costs” list was Louisiana, where according to… [Continue Reading]
CompLines: 7/29/11
July 29, 2011 - WorkCompWire
CompLines is a daily set of pertinent links that we believe will be of interest to our readers, and is served as a tasty side-dish to WorkCompWire News. Rite Aid to pay $2.1M for[Work Comp] Overcharges Boston Herald Motel Sex is Compensable Business Insurance – Comp Time How could you resist linking to a headline… [Continue Reading]
New WCRI Report: Louisiana Tops List of Highest Workers’ Comp Drug Costs
July 29, 2011 - WorkCompWire
CAMBRIDGE, MA – Injured workers in Louisiana receive more prescriptions for medications, more pills per prescription and paid more per pill than other states in a new study conducted by the Workers Compensation Research Institute (WCRI). The WCRI report, Prescription Benchmarks, 2nd Edition: Trends and Interstate Comparisons, found that among the 17 states studied, Louisiana… [Continue Reading]
Texas Mutual Distributes $155M in Policyholder Dividends
July 29, 2011 - WorkCompWire
AUSTIN, Texas— RecentlyTexas Mutual Insurance Company began distributing $155 million in workers’ compensation dividends. Texas Mutual estimates that about 77 percent of its policyholders will earn a dividend based largely on their premium sizes, workplace safety records and tenures with the company. “As a mutual insurance company, Texas Mutual is not publicly traded, and it… [Continue Reading]
Judge Van Norman re-elected as Nebraska Workers’ Compensation Court Presiding Judge
July 29, 2011 - WorkCompWire
Nebraska Workers’ Compensation Court Judge Laureen Van Norman has been re-elected as presiding judge through June 30, 2013. The Nebraska Workers’ Compensation Court is composed of seven judges who are initially appointed by the governor and who then remain on the bench for successive six-year terms upon approval of the electorate. Every two years one… [Continue Reading]
WorkCompRecap: Munis & Medical Reviews…
July 27, 2011 - WorkCompWire
Today’s issue of WorkCompRecap features another product rollout, as Total Medical Solutions announces its new “hyper-communicative” MUNI product for municipalities, law enforcement and other government agencies. According to TMS, municipalities expect more frequent and detailed communication much faster than other workers’ compensation payers, citing the long-term nature of municipal employees, which results in closer, more… [Continue Reading]
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