Medical Management
September 08, 2017 8:45 AM ETMedical cost in a workers’ compensation claim can get out of control quickly. It is essential to manage all aspects of the medical care in a claim from the onset and to never take your eye off the ball. This course will provide you with tools necessary to improve the medical and cost outcomes of each case.
Back to topResolving a Claim
September 08, 2017 11:15 AM ETResolving a claim with the best possible outcome for all involved is the delicate balance that exists in claims handling. Depending upon the claim, the stake holders involved in the claims resolution will vary. This course will outline and review the steps that should be taken by a claims professional to successfully bring a workers’ compensation claim to resolution. Additionally, the idea that an injured worker who is entitled to workers’ compensation benefits in the state where they are injured is subject to the provision of exclusive remedy for that injured worker, and is a very important concept for the claims professional.
Back to topForecasting Reserves
September 08, 2017 2:30 PM ETClaims professionals must continually evaluate the financial exposures of the claim to ensure sufficient funds are set aside in reserve to pay for expected costs. Proper forecasting of the financial impact of a claim is essential to having funds available for timely benefit payment and the balance sheet of the company being represented. It isn’t simply a matter of stating how much money is needed, but rather ensuring the organization has adequate funds in reserve to cover the financial obligation tied to the claim. It is also important to understand the impact of the development factor applied by actuaries, collateral demands, and financial planning. This course teaches claims professionals the importance of forecasting the primary components to consider in establishing the reserve fund.
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