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New WCRI CompScope Benchmarks Include Early Look at Impact of COVID-19

May 2, 2022 - WorkCompWire

Cambridge, MA – The Workers’ Compensation Research Institute recently announced the release of the 22nd edition of its CompScope™ Benchmarks reports, which measure the performance of 18 state workers’ compensation systems, how they compare with each other, and how they have changed over time.

The reports are designed to help policymakers and others benchmark state system performance or a company’s workers’ compensation program. The benchmarks also provide an excellent baseline for tracking the effectiveness of policy changes and identifying important trends, including the impact of COVID-19.

The reports examine how income benefits, overall medical payments, costs, use of benefits, duration of temporary disability, litigiousness, benefit delivery expenses, timeliness of payments, and other metrics of system performance have changed from 2015 through 2020, with claims experience through 2021.

The 18 states in the study are Arkansas, California, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Massachusetts, Michigan, Minnesota, New Jersey, North Carolina, Pennsylvania, Tennessee, Texas, Virginia, and Wisconsin. There are individual reports for every state except Arkansas, Georgia, Iowa, and Tennessee.

The results from the report reflect experience on claims through March 2021, including non-COVID-19 claims only from the early pandemic period (March–September 2020). The study, therefore, provides a look at how the pandemic impacted non-COVID-19 workers’ compensation claims in the early months of the pandemic.

 

Download or buy: WCRI: CompScope™ Benchmarks, 22nd Edition

Source: WCRI

Filed Under: Association, Rating & Research News, Claims, Legal, & Compliance News, Legislative & Regulatory News, Top Stories, Workers' Compensation

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