Predictive Analytics in Workers’ Comp Arrives

Wednesday, September 28th, 2011 Litigation Workers' Compensation

Predictive analytics for workers’ compensation claims assess the chances that a work injury will depart from an average expected profile as measured in duration of disability, medical utilization, litigation or other outcomes. Managers can focus on high-risk claims that deserve special attention. To be effective, the prediction system can’t be stumped by the innumerable unique features of each claim, and the claims payer must know what resources to deploy quickly in response to high-risk claims.


External References & Further Reading
http://www.riskandinsurance.com/story.jsp?storyId=533341686&topic=Main
SOS Ladder AssistMid-America Catastrophe ServicesAspen Claims ServiceU.S. ForensicNationwide Overspray