IBI Benchmarking Analytics Series: Costs Of Delays In Reporting Workplace Injuries And Processing Worker’S Compensation Claims
An analysis on whether lag times in reporting occupational injuries and opening workers’ compensation (WC) claims had any impact on claim costs using results from 2010-2017 worker’s compensation medical-only and indemnity claims.
- Each additional day that elapsed between the date the employee was injured (i.e., the injury date) and the date the injury was reported by the claimant to their employer (i.e. the report date) was associated with a $50.47 increase in total payments for medical-only claims.
- Lag times between the reporting date and the date a claim was opened (i.e. the open date) were not statistically associated with payments for medical only claims.
- Each additional day that elapsed between the injury date and the reporting date was associated with a $98.25 increase in total payments for indemnity claims.
- Each additional day that elapsed between the reporting date and the open date was associated with a $96.86 increase in total payments for indemnity claims.
You must be logged in to view this research.