Crawford & Company Can’t Be More Hot And Other News Tidbits

Price Action Don’t Lie: Crawford & Company Can’t Be More Hot. Just Reaches 52-Week High

The stock of Crawford & Company (NYSE:CRD.B) hit a new 52-week high and has $19.69 target or 58.00% above today’s $12.46 share price. The 5 months bullish chart indicates low risk for the $638.09M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $19.69 price target is reached, the company will be worth $370.09 million more.

Pre-Claim Nurse Triage a Little Used Best Practice for Workers’ Comp

Though large, self-insured companies have been using it for years, pre-claim nurse triage has not yet been wholeheartedly embraced by workers’ compensation carriers, according to Brian Cullen, managing director of Triage for Medcor, an outsourcing service that works to improve outcomes and reduce costs.

Workers’ Comp Drug Spend is Down, According to CompPharma’s 13th Annual Survey of Prescription Drug Management

CompPharma’s 13th Annual Survey of Prescription Drug Management in Workers’ Compensation showed an 8.7 percent reduction in payers’ pharmacy spend. The survey analyzed the 2015 pharmacy cost data of 30 workers’ compensation insurance carriers, third-party administrators, self-insured employers, and state funds.

Nonfatal Occupational Injuries and Illnesses Requiring Days Away From Work, 2015

The overall incidence rate of nonfatal occupational injury and illness cases requiring days away from work to recuperate was 104.0 cases per 10,000 full-time workers in 2015, down from 107.1 cases in 2014, the U.S. Bureau of Labor Statistics reported today. In 2015, there were 1,153,490 days-away-from-work cases in private industry, state government, and local government—essentially unchanged from the number of cases reported in 2014. The median days away from work to recuperate—a key measure of severity of injuries and illnesses—was 8 days in 2015, 1 day fewer than reported in 2014.

Analytics-Informed Early Intervention Drives Best Outcomes

Early medical management intervention in Workers’ Compensation drives better outcomes. When a problem is discovered early, finding a positive solution is quicker, easier, and more effective. Moreover, predictive analytics-informed early intervention is even more powerful.

For additional information on workers’ compensation cost containment best practices, register as a guest for our next live stream training.

Author Michael Stack, Principal, COMPClub, Amaxx LLC. He is an expert in workers compensation cost containment systems and helps employers reduce their work comp costs by 20% to 50%. He works as a consultant to large and mid-market clients, is co-author of Your Ultimate Guide To Mastering Workers Comp Costs, a comprehensive step-by-step manual of cost containment strategies based on hands-on field experience, and is founder of COMPClub, an exclusive member training program on workers compensation cost containment best practices. Through these platforms he is in the trenches on a working together with clients to implement and define best practices, which allows him to continuously be at the forefront of innovation and thought leadership in workers’ compensation cost containment.

Contact: mstack@reduceyourworkerscomp.com.

Workers’ Comp Roundup Blog: https://blog.reduceyourworkerscomp.com/

Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker, attorney, or qualified professional.