Managed Care Organizations
Workers' compensation is a form of insurance that provides wage replacement and medical benefits for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. Workers' compensation benefits and arrangements vary extensively on a state-by-state basis and are often highly complex. State statutes and court decisions control many aspects of the compensation process, including claims handling, impairment or disability evaluation, dispute settlement, benefit amount guidelines and cost-control strategies.
In addition to the compensation process, cost containment and claims management continue to be significant employer concerns and many look to third party administrators and managed care partners for cost savings solutions. Industry studies continue to show that cost drivers in workers' compensation include implementing effective return to work and transitional duty programs, coordinating medical care, medical cost management, recognizing fraud and abuse, and improving communications with injured workers.
CorVel is a national provider of risk management solutions to employers, third party administrators, insurance carriers and government agencies. We specialize in applying advanced communication and information technology to improve healthcare management. Find out about workers' compensation legislation for your state, including overviews, services and state links.
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This information is designed to provide general compliance information. It is presented with the understanding that CorVel is not engaged in rendering any legal opinions. This information should not be used as a substitute for legal services and if legal advice is required to address your specific coverage/eligibility questions, the services of your own legal advisor should be sought.
