Control Workers Compensation Costs 


You Can Control Workers Compensation Costs by Managing Claim Reserves that are charged in the premium through the Experience Modification Factor.


Examine
Past Claims and Reserves


Analyze Frequency & Severity Of Claims For Accuracy & Impact On Your Experience Modification


Submit Any Errors In The Insured's Favor For Revision To The Rating Bureau


Recalculate Premium Audits Based On Experience Modification Revisions 


Obtain on The Client's Behalf Any Outstanding Return Premiums As A Result Of The Revisions 


Earned Premium Audit Charges Including but not limited to Second Injury Fund Charges, Discounts, Deviations, and Scheduled Credits. 


Review Each Claim And Expedite Settlement


Negotiate Reserves With Your Insurance Carrier


Investigate Fraudulent Claims


Control Workers Compensation Cost through RETROSPECTIVE RATING ADJUSTMENTS



Self-Insurance (Large Deductible) and Loss-Rated Plan Reviews


Audit Reserves For Accuracy Including Mandated Statutory Credits and Reserve Calculations.


Audit Premium/Loss Rate Loads, Adjustment and Tax Multiplier Charges 


Audit Claims Adjustment Charges


Audit Allocated Loss Adjustment Expenses



Control Workers Compensation Cost by Challenging Loss Development, Premium Loads, Tax Multipliers  



Recalculate Adjustments And Obtain Return Premiums Where Applicable 


Review and Evaluate Insurance and Collateral Contracts 


Check State Filings Against Contracts and Annual Adjustments, Claims Fee Charges, Excess Insurance Charges, Taxes, Letter of Credit Review.



Control Workers Compensation Cost by a TPA Claim File Review



Third Party Administrator charges are carefully reviewed against the actual work product to determine level and value of the services.



Benefits of Claim Auditing & Reserve Reviews Control Workers Compensation Costs by Reducing Reserves



Demonstrates an improved loss history and improves underwriting alternative programs. 



Produces higher dividends and lower retrospective rated premiums. 


Results in lower earned premium audit bills.


Control Workers Compensation Costs by Verifing Claim Files Handled, Adjusted and Maintained by:


Insurance Carriers


Third Party Administrators


Group Trusts


State Insurance Funds


Safety Groups


Captive TPA's


In-House Administration of Self-Insurers



Claims Verification Management Reduces the Cost of:



Purchasing Groups that underwrite and adjust
Large Deductible Plans (Self-Insured Plans)


Retrospective Rated Plans


Scheduled Dividend Plans


Loss-Sensitive Dividend Plans


Retention Plans


Cost-plus Plans 



Reserve reviews for: 



The Oracle Consulting Group Members and Affiliates, Consultants, Accountants, Attorneys and other Industry Professionals



Additional Verification Applications:


Premium Adjustment Reviews


Dividend Statements


Litigation Support


Due Diligence for Merger/Acquisitions


Claims Auditing Documentation Verification



 We Invite You to review our website, Blog, White Papers and Video presentation to learn more about The Oracle Consulting Group's Cash Flow & Revenue Recovery Consultancy Service Offerings.



Modify Website

© 2000 - 2017 powered by
Doteasy Web Hosting