While pharmacy payments are dropping, physician dispensing remains high.
While pharmacy payments are dropping, physician dispensing remains high.
Injury frequency increased for younger and less-tenured workers, who also saw higher use of emergency departments.
An initial look into the construction industry will be followed in the future with manufacturing, transportation, warehousing, and more.
Mega claims – with losses over $2 million – represent less than 0.1% of claims, but over 2% of total loss dollars.
The report the rising cost of physician services, the largest category of medical spending in workers’ comp.
The report covers trend in employment growth, wages, and sectors most impacted.
The study examines overall claim cost, timing of key indemnity payments, and other system performance indicators.
The new WCRIB study focuses on regional disparities in workers’ comp claim patterns from 2013-2022.
Among a wide array of data, pharmacy spend decreased 71% from 2012-2022, with average cost per pharmacy claim dropping 38%, from $908 to $563.
Claim frequency has trended down since 2019, with medical-only claims fluctuating and average per-claim costs peaking at $8,817 in 2022.
