How Technology Is Changing Workers’ Compensation And Other News Tidbits

How Technology Is Changing Workers’ Compensation

New technologies are improving workers’ compensation programs in everything from communications and training to health care delivery and claims, according to experts. Tom Ryan, market research leader for Marsh’s Workers Compensation Center of Excellence, speaking during a recent Marsh broadcast, identified several areas of workers’ compensation that can benefit from technology.

Treating Syncope: Helping Your Heart

If heart trouble caused your fainting, treatment may improve blood flow, stop syncope, and help prevent further heart problems. Your healthcare provider can explain the benefits and risks of each treatment. Treating Syncope: Helping Your Heart

Keeping Copays Affordable

As an independent pharmacy benefit manager, we are uniquely and completely aligned with the best interests of our clients and members. Some pharmacy plans require their patients to pay a full copayment for a prescription drug even though a retail pharmacy’s price for the drug may be less costly than their copayment under their pharmacy benefit. And then they require the pharmacy to return the difference between the copay amount and the price for the drug back to them.

NAMSAP Announces Leadership Team and Goals for 2017

The board of directors of the National Alliance for Medicare Set-Aside Professionals has elected the following officers for 2017: “Promoting payer participation in NAMSAP is another high priority” President: Shawn Deane, JD, MEd, MSCC, CMSP – assistant vice president of Product Development of ISO Claims Partners, Vice President: Greg Gitter, CMSP – president of Legacy Claims Solutions, Inc. (a Gitter Company), Treasurer: Rita M. Wilson – CEO of Tower MSA Partners, Secretary: Christine Melancon, RN, CCM, MSCC, CNLCP, CMSP – vice president of Operations for EZ-MSA Services

Structured Settlements in the Media

When used as part of a comprehensive settlement plan, structured settlements can be invaluable to injury victims and their families and it’s important to find a way to tell our success stories. The guaranteed income replacement, college payments and benefits that cover medical needs help to provide the financial security and peace of mind that is so important to people that have suffered a loss.

WCRI Conference – See You There – March 2-3, 2017

Close to 400 people will be taking their seats next Thursday for our annual workers’ compensation conference, March 2-3, in Boston, MA. Should we hold a seat for you? For those still on the fence, below are three great reasons to attend. #1) Content #2) Networking: #3) Continuing Education Credit.

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.

Contact: mstack@reduceyourworkerscomp.com.

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

Live Stream WC Training: http://workerscompclub.com/livestreamtraining

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