The Impact of Medicare on Workers’ Compensation Claims
A 2009 California Workers’ Compensation Institute study has found: Claims with Medicare involvement are approximately 20% more costly than those without. 6.5% of all permanent disability claims involved Medicare-eligible claimants.
Prescription Drugs & Your Workers’ Compensation Claim
Workers' Compensation cost containment reforms that were implemented in California in 2004 and 2007 helped positively impact Pharmacy related costs by closing the loop on repackaged medications. However, Pharmacy costs have continued to run away largely due to increased utilization.
Insurance Fraud: The Crime We All Pay For
Insurance fraud occurs every day in every city and state. If insurance fraud was a legitimate business, it would be a Fortune 500 Company. According to the Coalition Against Insurance Fraud, insurance fraud costs Americans at least $80 billion a year, or nearly $950 for each family. In California alone the cost of insurance fraud has reached a staggering $15 billion per year.
Best Places to Work 2010
For the second year in a row, and the fourth time since 2005, Athens Administrators has been named one of the top 125 Best Places to Work in the Bay Area by the San Francisco Business Times, Silicon Valley/San Jose Business Journal and the East Bay Business Times. Athens Administrators was categorized as a mid-sized business, defined as a company that has between 100 and 500 employees.
SAS 70 & Your TPA
Over the past decade SAS 70 Certification has become an increasingly common standard for service related businesses. At Athens we have seen SAS 70 Certification evolve from casual inquiries by clients to becoming a mandatory minimum requirement for many entities today.
Announcing the Athens MPN
The workers’ compensation community had its share of challenges in 2009, but did have some bright spots. Through the third quarter, a number of employers had experienced a decline in indemnity claim frequency.
Athens 2010
New Year Resolutions for a Risk Manager. Athens Administrators can help you achieve your goals. We specialize in providing customized risk management solutions that deliver exceptional results.
Athens Says No to Paper Claim Files!
Paper claim files can be a challenge for claim administrators. They contain critical and impossible to replace documents such as awards from the Workers’ Compensation Appeals Board, correspondence with the injured worker, employer, attorneys and doctors. Files also contain copies of medical bills and action plans.
Southern California Office Now Open
Our overall growth strategy and the desire to best serve the Southern California Risk Management community were the critical factors in the decision to open our new full service claims administration facility. We will be located on Michelson Drive in Irvine, CA and will be open for business in September 2009.