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Survey Issues? Repeat Deficiencies? CMP's? We are your LTC survey compliance solution. Reach out today to learn how our comprehensive survey preparation, management and mitigation program can help you! https://lnkd.in/egKtTZT5 #LongTermCareFacility #nursinghomeadministrator #ComplianceTraining #regulatorycompliance #longtermcarehome

More individual claim reserving models have been developed in recent decades, and the availability of increasingly detailed claims data allows for a fresh look at reserving. Yet is using individual losses more efficient than aggregate methods? Our consultants Eve T. and Tinhinane Talbi conducted a study that highlights the benefits of using line-by-line claims data and compares individual reserving methods with conventional aggregate methods. https://lnkd.in/e6BFj_YK #claims #reserving #IBNR

Before Taking Your RMDs, Learn These Essential Details - Forbes #thebombetcompany #RMDessentials #RMD thebombetcompany.com

When preparing a loss reserve analysis, many actuaries will select $0 of IBNR for mature accident years with no open claims. The rationale is usually that the only possibility of IBNR for the accident year relates to late reported claims [edit: or reopened claims], which may have a very low likelihood based on historical reporting patterns. In some of my own analyses, especially those for self-insureds, I include a "Maximum Case Reserve Development on Open Claims" indication. Often this metric is "behind the scenes". This metric helps identify instances where open claims are present but with a diminished (or no) possibility of case reserve development due to per-claim retentions/limits. This is an easy metric to calculate if one is working with claims-level data. I find that it is a simple way to help select (or allocate) IBNR by accident year.

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Before Taking Your RMDs, Learn These Essential Details - Forbes #thebombetcompany #RMDessentials #RMD thebombetcompany.com

Why use a Triage Program for your WC Impairment Reviews? A Triage Program results in all reports with impairment ratings being referred to iRatings above a designated thresh-hold. iRatings will triage all reports to determine if strand only rating vs a detailed review is warranted. This determination is based on the significance of the error. This helps you and your client ensure accuracy in benefit payments and avoid leakage. Verifiable ROI results provided on all programs.  Reach out to us at [email protected] www.iRatings.us #riskmanagement #workerscompensationclaims #AMAGuides

An Electronic Referral Management System (RMS) is a powerful tool that SNF operators can leverage to their advantage. In our latest blog, we'll explore how an RMS empowers SNFs to better manage financial risks and maintain strict regulatory compliance! ➡️ https://bit.ly/3RIrPhk #BlogPost⠀

With Hail events in full swing is your claims triage process up for the challenge? Rapid Damage Assessment (RDA) ensures swift, accurate claims management with pinpoint damage insights, predictive modeling, and streamlined assessment. Let me know if you are interested in early access. #ClaimsManagement #HailEvents #RapidDamageAssessment #EvolvePerformance 

A: There are three that come to mind! As a neutral third party, we: ✅ Lessen the burden on policyholders for increased satisfaction. ✅ Help carriers achieve greater accuracy in claims payout because of the accuracy of our inventory and valuation systems. ✅ Assist adjusters in closing claims faster with less hassle across the board. Your success is our top priority. Choosing Hancock means choosing success and excellence: https://hubs.ly/Q02bVkry0 #HancockClaims #ContentsSolutions #PartnershipBenefits #ClaimsExcellence