Workers Compensation
An ever changing part of healthcare dynamics.
Initially, Workers’ Compensation was created as a bargain where workers agreed not to sue their employers in case of injury, and in return, employers took care of their medical expenses and provided them time off work to recover.
However, with the passage of time, Workers’ Compensation has become subject to State and Federal regulations, which are often monitored by state Labor Departments or Department of Insurance. These regulatory bodies have introduced State Workers’ Compensation Fee Schedules in 44 states and DC to manage costs. Insurance Carriers administer these claims, either as an insured policy or by self-insured funds on behalf of employers.
Usually, Workers’ Compensation claims are processed through software applications in bill review shops and paid via Third Party Administrators. This has made the Workers’ Compensation aspect of healthcare extremely complex to navigate. To comprehend the intricacies of Workers’ Compensation, you require a knowledgeable partner to assist you in your efforts.