BETTER FINANCIAL END RESULTS FOR EMPLOYERS.
BEST CLAIM RESOLUTIONS FOR THE EMPLOYEE.
At CCMSI, it is our fiduciary responsibility to understand whose money we are spending. We're responsible for your money. CCMSI's mission to our clients. to work with your staff and medical provider to carefully balance the cost of medical care and lost-time adjudication of work related injuries while providing an appropriate level of concern and effort to produce the best possible result for the employee as well as the employer. In partnership, with our clients, we will continually work to reduce their costs and make them a better risk.
At CCMSI, we specialize in providing real world solutions that result in substantial cost-savings for our clients. And we have the numbers to prove it.
BENCHMARKING ANALYSIS PROJECT - POSTED AUGUST 2007
The data included in this analysis are both Open and Closed, Medical and Indemnity claims. Dates of Loss between 10/1/2001-9/30/2002 were evaluated on 3/31/2005 (30 month maturity). Dates of Loss for 10/1/2003-9/30/2004 were evaluated on 3/31/05 (18 month maturity).
Comparisons are made for "All Paid Claims" and "Indemnity Claims" only. "All Paid Claims" include both Medical and Indemnity Claims.
The WCRI Report from which the market data are obtained includes 14 states: AR, CA, FL, IL, IN, LA, MA, MD, MI, NC, PA, TN, TX, and WI. The "14 state median" is the average of the states ranked seventh and eighth on a given measure when data for all 14 states is available, and the seventh ranked state in the distribution in cases where one state's data is excluded. If the market data for any figure is equal to the "14 state median," then that state proved to be the median for that particular statistic.
All CCMSI data were extracted from ICE, CCMSI's Web Based Claims Analysis Tool. Only accounts having an inception date which precedes the earliest date in the Date of Loss Period in each grouping are included. This ensures that all included CCMSI claims both originated under the control of, and were managed entirely by, CCMSI.
CCMSI analyzed the following categories in 8 of the 14 states:
- Average Total Paid Cost per All Paid Claims
- Average Medical Payments per All Paid Claims
- Average Indemnity Payment per All Paid Claims
- Average Paid Benefit Delivery Expense per All Paid Claims
- Percentage (%) Below Total Market - All Paid Claims
- Average Total Paid Cost per Indemnity Claim
STATE BY STATE ANALYSIS
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California Benchmarking Study - August 2007