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WorkCompRecap: Payments & Prices!

October 19, 2020 - WorkCompWire

Today’s issue of WorkCompRecap features the release of the latest edition of WCRI’s CompScope Medical Benchmarks report, which examines the factors behind trends in medical payments per claim and other components of 18 states’ workers’ comp systems, including payments, prices, and utilization of medical care for injured workers.

Highlights from the studies included California seeing the effects of multiple policy changes as the average nonhospital payment per claim has been fairly stable since 2015, decreasing 2% per year on average for claims at 12 months of experience, while hospital payments per claim grew 5% per year. In New Jersey medical payments per claim with more than seven days of lost time were about 14-21% higher than the median study state, driven largely by higher prices paid for professional (nonhospital) services.

Find out more by clicking here!

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