Risk & Insurance News + Notes
Author: Emma Brenner
Excerpt: A compilation of the latest announcements, partnerships and products that are likely to have an impact on the insurance industry today.
Paradigm, which has established its business in solving catastrophic and complex health care challenges while improving the lives of those in its care, has announced the results of an independent study on its claims outcomes. The study was conducted by actuarial firm, Milliman.
The study examined a sample of Paradigm-managed cases from the last seven years and found that, in that time, Paradigm was able to achieve lifetime medical savings of 32% and a return-to-work rate nearly six times higher than industry standards.
“Paradigm is an organization with a highly focused dedication to guaranteed outcomes for the most complex and serious workplace injuries,” said Michael Choo, MD, the company’s chief medical officer, in a press release from the company.
“This new study once again backs up the effectiveness of our specialized and evidence-based approach with a robust set of claims data and analysis.
The studied cases represented a range of complexities, jurisdictions, locations, patient ages and injury types. In total, 593 cases were reviewed and analyzed.
Full access to the study can be found here.
Full article on riskandinsurance.com: Risk & Insurance News + Notes: Aon Announces New Cyber Security Program, FM Global Releases Atlantic Hurricane Report and More
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