The Bottom Line Impact of Predictive Modeling
There are many benefits that will be generated through the utilization of the ATHENSPredict predictive modeling methodology into Athens claims management workflow:
- Earlier detection of the 20% of claims that drive 80% of the cost of a workers’ compensation program.
- Estimated overall reduction in loss and expense of 4% – 8%.
- Estimated 50%+ increase in quality & more timely referrals to WC Special Investigation Unit (SIU)
- Significant reduction in claim duration. – Claims closed faster.
- Faster return to work for injured workers – Decreased overall claim cycle times.