As a TPA of workers' compensation claims we regularly get asked, “How will the Affordable Care Act (ACA) impact the workers' compensation system?” The true response is that we are not certain of the exact implications. Ultimately, time will tell.
Athens Administrators is excited to introduce online self-serve reports for both our workers’ compensation and liability claim administration clients. This is a critical piece of our service offering. We are confident that the ability to run reports on your own time, in your desired format, from anywhere will have a profoundly positive impact on your Athens service experience.
On Monday, January 27, 2014 Athens Administrators will formally re-launch AthensFocus, our online dashboard system for all workers' compensation claim administration clients. We are excited to reintroduce this critical piece of our service offering. We are confident that AthensFocus will positively impact your Athens Administrators' experience.
In recent years Athens Administrators has experienced significant growth and diversification. It has been a truly exciting time for our company. We realize that sustainable success can only be achieved if we continue to deliver world class service, results and overall client experience. To achieve this objective in today's business environment it is absolutely crucial to have a cutting edge system in place that fully supports our client and claim administration staff's requirements.
We are extremely proud to announce that Athens Managed Care, Inc. will begin operations effective September, 2013. Athens Managed Care, Inc. offers innovative managed care solutions that improve patient care quality while lowering claims costs for employers.
We are extremely proud to announce that Athens Administrators has once again been voted one of the Best Places to Work in the Bay Area by the San Francisco Business Times. For the 2013 survey, approximately 500 companies competed for 125 spots on the Best Places to Work list. Athens is ranked as the 13th best place to work in the mid‐size business category (100‐500 employees).
The Office of Self Insurance Plans has posted an information sheet about their new regulations requiring private self-insureds to file an actuarial study each year.
On September 18, 2012 Governor Jerry Brown signed Senate Bill 863, a comprehensive workers' compensation reform package that will result in significant changes. It is estimated to increase benefits to injured workers by more than $700 million while reducing frictional costs in the system by estimates as high as $1.2 billion. Studies reflect an overall savings of $770 million in the first year and $335 million in the second year. The overall savings continue to be debated and will ultimately depend on the effectiveness of the new regulations.
As an industry-leading Third Party Administrator (TPA) recognized for our progressive approach to claims management, we are regularly asked "What can my company do to better to control our workers' compensation program?" Organizations have many areas of focus through which they can mitigate workers' compensation costs. We've compiled a top-ten list of time-tested areas of focus that have proven to generate powerful positive results. From experience, we have found that the most successful approach is the adoption of a comprehensive program management plan rather than the integration of only one or two concepts.
Revolutionizing claims management with the power of predictive modeling. What if you could identify and reduce the 20% of claims that make up 80% of your overall program cost?