Today’s issue of WorkCompRecap features the release of a new edition of WCRI’s Medical Price Index for Workers’ Compensation report, which found prices paid for medical services for injured workers were lower and growing slower in states that regulated prices via fee schedules.
Key findings included significant variations in the cost of professional services across state lines, swinging from 33% below the study median to 124% above. Pricing growth also showed a wide variation, ranging from -20% to +28%. In both aspects, states with fee schedules generally fared better, for example price growth was around 6% for the study period vs 17% in non fee schedule states. The report also includes an interesting breakdown of the pricing effects of a change in coding for nerve conduction studies that CMS made in 2013, which led to decreases in states with and without fee schedules.
Find out more (including a link to the free report!) by clicking here!