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The average cost of both medical and lost time claims continues to escalate driving both payors and employers to focus in more detail on the relative return for specific administrative expenses along with the underlying factors contributing to higher overall costs. As this focus has intensified, it has become imperative for workers’ compensation organizations to have… [Continue Reading]
LARKSPUR, CA–(Marketwire) – Systema Software, a leading provider of claims software and services to the insurance industry, today announced that Consolidated Benefit Resources, LLC (CBR), has selected SIMS Claims as its new claims system. ith offices located in Tulsa and Oklahoma City, CBR is the largest locally owned third-party administrator… [Continue Reading]
PARSIPPANY, N.J. – York Risk Services Group, a premier providerof a full range of claims administration and risk management services, today announced that Pat Mulcahy has joined the company as vice president of sales for its South Central territory. Mulcahy will have responsibility for sales, marketing and business development activities for… [Continue Reading]
SAN FRANCISCO /PRNewswire/ — Accident Fund Holdings, Inc. is proud to announce the appointment of Bryan Bogardus as the new president of CompWest Insurance Company, a division of Accident Fund Holdings. In this role, Bogardus will serve as a key executive team member and is responsible for establishing the strategies required to… [Continue Reading]
Today’s edition of WorkCompRecap features an interesting announcement coming out of Colorado, as the Colorado Division of Insurance has announced that loss cost rates will increase by 3.7 percent in 2012. The 2012 increase follows an increase of 3.4 percent in 2011 after nearly a decade of decreases. Commissioner of Insurance Jim Riesberg said that while claims had remained… [Continue Reading]
Denver – Colorado employers will see a small increase in the premiums they pay for workers’ compensation insurance in 2012. The Colorado Division of Insurance has announced that the “loss costs” component of workers’ compensation premiums will go up 3.7 percent in 2012. The 2012 increase follows an increase of 3.4 percent in 2011 after… [Continue Reading]
BETHESDA, Md.–(BUSINESS WIRE)–Coventry Health Care, Inc. (NYSE: CVH) today reported consolidated operating results for the quarter ended September 30, 2011. Operating revenues totaled $3.0 billion for the quarter with net earnings of $122.7 million, or earnings per diluted share (EPS) of $0.84. These results include EPS of $0.02 from… [Continue Reading]
Today’s issue of WorkCompRecap features some interesting industry news, as pharmacy benefit manager ScripNet re-affirms it’s commitment to provide access to Walgreens pharmacies. Astute readers will no doubt recall that Walgreens apparently plans to move forward without participating… [Continue Reading]
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. An Unlevel Playing Field Risk & Insurance – The Moderator (Mark Walls) Ohio boosting efforts to reduce Worker’s Comp claims abuse Dayton Daily News FECA fraud is… [Continue Reading]
LAS VEGAS, NV – ScripNet, a nationwide pharmacy benefit manager (PBM) who contracts with workers’ compensation insurance carriers and pharmacies, announced that it will continue to provide access to Walgreens pharmacies as Walgreens plans to move forward without participating in the Express Scripts, Inc. pharmacy provider network… [Continue Reading]
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