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Article: Death of the loss run.(WORKERS' COMP)
- Article from:
- Risk & Insurance
- Article date:
- October 15, 2009
- Author:
CopyrightCOPYRIGHT 2009 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An icon in workers' compensation is now obsolete, deserving a gentle retirement followed by decent burial. It's the claims loss run.
By relying on paper loss runs, insurers and TPAs have been severely rationing information shared with their customers. We are at the tipping point of a much higher standard of reporting. Dashboards, alerts and special reports promote a coherent, action-promoting view into all aspects of work injuries: safety, claims, medical care, and personnel.
In this light, the very concept of a traditionally-designed loss run is thrown into question.
The loss run is nothing but an extract of the claims record, which the ...