Healthcare Solutions Identifies 10 Future Trends in Workers’ Compensation

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Position paper released on the 100th anniversary of workers’ compensation forecasts emerging industry issues

"Workers’ compensation today focuses on assuring that injured workers receive appropriate medical treatment while attempting to manage quality, cost and liabilities," said David A. George, CEO of Healthcare Solutions.

The property and casualty industry today recognizes the 100th anniversary of workers’ compensation in the United States. Since the initial legislation was signed in Wisconsin on May 3, 1911, workers’ compensation laws have adapted to changes in industry, and regulations have grown considerably more complex.

Healthcare Solutions, a leading technology company and provider of integrated medical cost management solutions, is looking beyond current trends to identify emerging issues that the company expects will impact the workers’ compensation market over the next decade.

“Workers’ compensation today focuses on assuring that injured workers receive appropriate medical treatment while attempting to manage quality, cost and liabilities,” said David A. George, CEO of Healthcare Solutions. “It is important for companies like Healthcare Solutions to identify and be prepared for the trends that are only beginning to emerge now, and to understand the impact they will have on the industry as they grow.”

Future trends identified in the Healthcare Solutions’ position paper released at this year’s Risk Management Society Annual Conference & Exhibition in Vancouver, BC include:

  •     Greater use of surgical implants
  •     Changing demographics of workforces
  •     Increased regulatory oversight of pharmaceutical practices
  •     Increased treatment with personalized medicine
  •     Improved treatment for traumatic brain injury
  •     Greater use of e-prescribing and digitization of records
  •     Proliferation of compound and repackaged drugs
  •     Growth in use of medical foods to treat conditions
  •     More injuries related to distracted driving
  •     Advances in bionic implants to restore functions lost to disease or injury

The full paper can be found at HealthcareSolutionsMediaKit.com.

Understanding emerging trends, and taking the appropriate steps to adapt to the changing workers’ compensation environment, will help claims professionals enable injured workers to receive appropriate medical care at the lowest possible cost.

ABOUT HEALTHCARE SOLUTIONS

Healthcare Solutions, Inc. is the parent company of Cypress Care and Procura Management. Through its affiliated companies, Healthcare Solutions serves as a health service company delivering integrated solutions to the property and casualty markets, specializing in workers’ compensation and auto liability/PIP. The company’s customers include insurance carriers, third party administrators (TPAs), managed care organizations (MCOs), government agencies and self-insured employers. Utilizing market-leading technology, Healthcare Solutions delivers demonstrated benefits and savings complemented by deep industry expertise. For more information, please visit http://www.healthcaresolutions.com.

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Brian Remsberg
IMRE
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