Closure rates, rising medical costs trouble comp claims managers

More than 50% of workers comp claims officials report a growing claims inventory, finding that closing claims within the first year is becoming more difficult, according to the results of a survey released Monday.

Rising Medical Solutions, a Chicago-based national firm that provides medical cost containment and medical care management services to the workers compensation sector, surveyed 572 claims officials for its annual benchmarking study.

One of the key indicators of the health of the comp industry is the claims closure ratio, according to the report. Twenty-four percent of respondents…

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