Catastrophic injury claims account for less than 1% of all workers compensation claims but as much as 20% of total medical payout for the industry. This imbalanced equation means that 1/5th of medical claims costs may arise from cases where carrier/clients may have little or no experience.
Since its founding in 1991, Paradigm has provided services for over 8,000 catastrophic and medically complex cases. Paradigm has a success rate of over 99% achieving or exceeding targeted outcomes for managed cases, while achieving significant financial savings for employers, insurers and other stakeholders. The company is the pre-eminent service provider in the catastrophic care market. Paradigm is the only company that guarantees clinical and financial outcomes early in the recovery process.
Paradigm's Management Solution and Model
Paradigm leads the industry in its ability to measurably improve medical outcomes and reduce costs with specialized techniques, data and tools. Paradigm has been successful in reducing long-term costs and improving medical and functional outcomes for the following complex medical events:
Catastrophic Injuries
- Acquired brain injury
- Spinal cord injury
- Burns
- Mutliple trauma
- Amputations
Complex Medical Events
- Chronic pain management
- Wound management
The Paradigm Advantage
By drawing on its expert medical teams and proprietary database of best practices and costs for specific injuries, Paradigm optimizes resource allocation and makes data-driven decisions that outperform the general healthcare market – and improve the recovery process for individuals.
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Better medical outcomes than traditional models
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Lower likelihood of complications and readmission
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Reduced risk of costly outlier cases
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Improved injured person, family, and provider satisfaction
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20-40% reduction in lifetime medical costs and reserves
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65% of all managed cases are released to return to work and 35% actually return to work (with or without work restrictions) - the national return to work average for catastrophic cases is 10%
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Significantly reduced frequency of litigation