Consulting firm Keenan HealthCare and actuarial consulting firm Milliman on Wednesday released the 2017 results of their California Hospital Workers' Compensation and Payroll Benchmarking Survey.
This is the third time Torrance, California-based Keenan and Seattle-based Milliman studied data from 18 hospital systems and 44 individual facilities in California, representing data on over 4,300 annual claims statewide, according to a press release. The survey identified several workers comp trends in the hospital sector:
“Looking forward, we expect longer term trend rates closer to 5% or 6% to prevail, with stronger medical and indemnity loss trends than the recent past, and ALAE trends remaining high,” a Keenan spokesperson said in a press statement. “We believe these key indicators will be valuable in developing plans to modify or adjust programs where necessary with the goal of improving results.”
The California Division of Workers’ Compensation will Tuesday dismiss more than 292,000 unresolved liens Tuesday by claimants who did not properly file the required forms, the division announced Monday.