The purpose of most actuarial methods is to estimate ultimate losses, or total losses, for a particular accident period. Once an estimate of the ultimate losses is determined, outstanding losses or required reserves are easily calculated by subtracting the paid losses from these total losses.
When it comes to helping reducing time away from work following an injury and reducing claim spend, access to the right medications at the right time is crucial while also managing to prevent chronic use of high risk medications.
Human error contributes to 94 percent of crashes according to decades of NHTSA (National Highway Traffic Safety Administration) research. How do you best capture these human errors to coach drivers and reduce risk, near collisions and collisions? And how do you protect fleet drivers and vehicles when 80% of accidents are caused by other drivers?
The goal of helping an injured person return-to-work and productivity is the best thing we can do. Standard operating procedure for return-to-work (RTW) is comprised of job analysis and the RTW discussion, which includes transitional opportunities. These steps are traditionally part of the initial assessment of the injured person by the employer. By initiating and developing these relationships between the injured person, employer and provider you establish credibility in the coaching process and help all parties to understand the vital role of the case manager.