2010 in Review… and What to Look for in 2011
The economy and high unemployment rates made 2010 a challenging [...]
More Metrics for Mastering Your Workers’ Comp Program
More Metric’s for Mastering Your Workers’ Compensation Program Focus on [...]
Compound Drugs and Medical Foods
A Rising Cost Factor in Workers Compensation Claims In 2007, [...]
New DWC Regulations
The Division of Workers’ Compensation (DWC) has released amended regulations [...]
The Impact of Medicare on Workers’ Compensation Claims
A 2009 California Workers’ Compensation Institute study has found: Claims with Medicare involvement are approximately 20% more costly than those without. 6.5% of all permanent disability claims involved Medicare-eligible claimants.
Prescription Drugs & Your Workers’ Compensation Claim
Workers' Compensation cost containment reforms that were implemented in California in 2004 and 2007 helped positively impact Pharmacy related costs by closing the loop on repackaged medications. However, Pharmacy costs have continued to run away largely due to increased utilization.
Insurance Fraud: The Crime We All Pay For
Insurance fraud occurs every day in every city and state. If insurance fraud was a legitimate business, it would be a Fortune 500 Company. According to the Coalition Against Insurance Fraud, insurance fraud costs Americans at least $80 billion a year, or nearly $950 for each family. In California alone the cost of insurance fraud has reached a staggering $15 billion per year.
Best Places to Work 2010
For the second year in a row, and the fourth time since 2005, Athens Administrators has been named one of the top 125 Best Places to Work in the Bay Area by the San Francisco Business Times, Silicon Valley/San Jose Business Journal and the East Bay Business Times. Athens Administrators was categorized as a mid-sized business, defined as a company that has between 100 and 500 employees.
SAS 70 & Your TPA
Over the past decade SAS 70 Certification has become an increasingly common standard for service related businesses. At Athens we have seen SAS 70 Certification evolve from casual inquiries by clients to becoming a mandatory minimum requirement for many entities today.
Announcing the Athens MPN
The workers’ compensation community had its share of challenges in 2009, but did have some bright spots. Through the third quarter, a number of employers had experienced a decline in indemnity claim frequency.