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* About * Workers’ Comp Solutions * Pharmacy * Ancillary * Clinical Services * Claims Technology * Insights * Intelligence 2023 WORKERS’ COMP INDUSTRY INSIGHTS SURVEY REPORT Delivered by Healthesystems Powered by Risk & Insurance® * Introduction * Participants * Industry Challenges * Beneficial Programs * Medical Program Priorities * Recovery Barriers * Technology * Analytics * Claim Complexity * Claims Professional Perspective Get the full report -------------------------------------------------------------------------------- PAST SURVEYS * 2022 * 2021 * 2020 * 2019 The fifth annual Workers’ Comp Industry Insights Survey was conducted in collaboration with Risk & Insurance® magazine, in person at the National Comp conference and online through mid November, 2022. This survey continues to reveal important insights and challenges. Please scroll down for high level results or download the report for full details. Download The Full Report Now #1 industry concern is healthcare provider/service shortages 71% say managing patient comorbidities is top medical program priority 67% want better solutions to support front-line claims decisions 58% concerned about medical price inflation OVERVIEW OF PARTICIPANTS 503 stakeholders from across the workers’ comp industry responded to the survey. PARTICIPANT ORGANIZATIONS * Employer 117 * Insurance Carrier 105 * Healthcare Provider 55 * Brokerage 29 * State/Government Agency28 * Consultancy 28 * Third Party Administrator 27 * Managed Care Organization 18 * Law Firm 16 * Other 80 Click to Reveal Organizations and Roles PARTICIPANT INDIVIDUAL ROLES * 123 Executive Leadership * 74 Risk Management * 70 Claims Leadership * 40 Clinical/Case Management * 37 Claims Professional/Adjustor * 28 Broker/Agent * 15 Medical Program Management * 15 Legal/Regulatory * 15 Healthcare Provider * 81 Other (please specify) INDUSTRY CHALLENGES What challenges facing the workers’ comp industry most concern you today? 1. 1 Healthcare provider/ service shortages 58% 2. 2 Medical price inflation 58% 3. 3 Increasingly complex claims 56% 4. 4 Workers' Comp litigation 55% 5. 5 New workplace safety challenges 53% TAKE NOTE -------------------------------------------------------------------------------- Healthcare provider shortages was a close second top challenge for executive leaders who ranked medical price inflation as their biggest concern. BENEFICIAL PROGRAMS What programs implemented by your organization over the past 2-3 years have been most beneficial? 1. 1 Claims process improvements/operational efficiency 54% 2. 2 Implementation of virtual/remote technologies 50% 3. 3 Employee retention and recruitment 49% 4. 4 Initiatives to improve the injured worker’s experience 46% 5. 5 Technological integration with partners and providers 33% TAKE NOTE -------------------------------------------------------------------------------- Claims process improvement and efficiency reaped big benefits for most organizations, but initiatives to improve the injured worker experience was the most beneficial program for state and government agencies. MEDICAL PROGRAM PRIORITIES What are the top priorities for your workers’ comp medical management program? 1. 1 Manage patient chronic conditions/comorbidities 71% 2. 2 Solutions to support front-line claims decisions 67% 3. 3 Increase use of in-network providers 60% 4. 4 Enhance claims process automation capabilities 58% 5. 5 Identify and manage social determinants of health (substance abuse, language barriers, social isolation) 56% TAKE NOTE -------------------------------------------------------------------------------- Solutions to support front-line claims decision was the top priority for insurance carriers. RECOVERY BARRIERS What do you feel are the biggest barriers to injured worker recovery? 1. 1 Injured workers’ unfamiliarity navigating workers’ comp system 66% 2. 2 Comorbidities 57% 3. 3 Limited availability of transitional duty/return to work options 53% 4. 4 Care coordination/communication challenges 52% 5. 5 Injured worker social determinants of health 48% TAKE NOTE -------------------------------------------------------------------------------- Injured workers’ unfamiliarity navigating the workers’ comp systems has been cited as the #1 barrier to recovery for three straight years. TECHNOLOGY Which technological advances will be most important to your workers’ comp medical management program in the next 3-5 years? 1. 1 Claims process automation 68% 2. 2 Telemedicine/virtual technologies 59% 3. 3 Interoperability and data sharing between payers, providers & vendors 49% 4. 4 Predictive/prescriptive analytics 45% 5. 5 Mobile technologies 44% TAKE NOTE -------------------------------------------------------------------------------- Claims process automation increased in importance from roughly 48% last year to nearly 68% this year. ANALYTICS Which applications of enhanced data analytics and artificial intelligence would be most valuable to your organization? 1. 1 Personalize the injured worker experience 65% 2. 2 Identify potential fraud, waste, and abuse 59% 3. 3 Identify high litigation risk claims 55% 4. 4 Inform and guide clinical decision support for claims professionals 54% 5. 5 Identify, segment, and manage high-risk patient populations 50% TAKE NOTE -------------------------------------------------------------------------------- Personalizing the injured worker experience was a clear #1 for employers, but insurance carriers selected inform and guide clinical decisions as the most valuable data application. CLAIM COMPLEXITY Which types of claim complexity most concern you? 1. 1 Mental health conditions 62% 2. 2 Comorbidities 61% 3. 3 Undetected fraud 46% 4. 4 Lack of transparency into/inability to control medical prices 43% 5. 5 Injured worker substance abuse 41% TAKE NOTE -------------------------------------------------------------------------------- Mental health conditions were a smaller concern for employers, who ranked it #3. CLAIMS PROFESSIONAL PERSPECTIVE If you are a claims professional or adjuster, what obstacles (if any) do you face when facilitating medical care for injured workers? 1. 1 Difficulty obtaining information from medical providers 69% 2. 2 Difficulty reaching and/or obtaining information from injured workers 66% 3. 3 Too many claims to manage 62% 4. 4 Lack of reliable and accessible clinical decision support information 45% 5. 5 Legislative/regulatory requirements 41% TAKE NOTE -------------------------------------------------------------------------------- 62% of claims professionals reported having too many claims to manage, as opposed to 42% last year. THE 2023 WORKERS' COMP INDUSTRY SURVEY REPORT Get the full report The 2023 Workers’ Comp Industry Insights Survey Report offers: * Comprehensive perspective on industry stakeholders' thoughts and opinions * Detailed survey results and charts * Key findings and comparative perspectives by job roles and organization type * 800.921.1880 * info@healthesystems.com * Contact Us ©2023 Healthesystems * Privacy & Terms of Use * Careers