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Enlyte’s Q2 Medical Price Index Shows Increases In Comp and Auto Injury Services
Medical costs nationally have risen 11% in workers’ comp and 5% in auto first-party over the past four years, despite a slowing of growth over the past two years, according to new data released by Enlyte today.
Enlyte Launches Bundled Solution for Auto Bodily Injury Cost Containment
PrecisionDirect allows auto carriers to improve payment accuracy for provider services. During claims settlements busy adjusters often have neither the time or experience to negotiate and pay providers directly on bodily injury claims. Today, Enlyte is working to streamline that process by launching PrecisionDirect, an integrated provider negotiations and networks solution designed to free up adjusters to focus on claim settlement while securing savings on these bills.
Decrease in Used Electric Vehicle Prices Coincides with an Increase in Total Loss Claims
Mitchell today released its Q1 2024 trends report: Plugged-In: EV Collision Insights. This quarter’s report provides an update on EV total loss frequency, which has risen since late last year as the price of used EVs has fallen. In the U.S. and Canada, EV total loss rates were 9.93% and 7.48% respectively—an increase of approximately 8% from Q4 2023 and 30% from Q3 2023 in both regions.
Comp industry wary of rise of migraine meds
In the article, Nikki Wilson says a big reason these meds are rising in comp is due to their effectiveness for treating injured employees who sustain traumatic brain injuries or other triggers on the claim related to migraines.
Mental Injuries Roadmap
Tammy Bradly was featured in this month’s Business Insurance, discussing "The Winding Road for Mental Health Claims." This piece explores the changing landscape of mental health claim approvals in workers’ compensation.
Enlyte Drug Trends Report Indicates Significant Drop of Opioid Use in Comp
Efforts by workers’ comp regulators and professionals to control opioid prescriptions and distribution are resulting in one of the largest drops in utilization the workers’ comp industry has seen in years, according to researchers who published part one of Enlyte’s 2024 Annual Pharmacy Solutions Drug Trends Report today.
Enlyte and Mitchell Honored as American Business Awards® Winners
Enlyte and Mitchell, an Enlyte company, have been recognized by the American Business Association with two prestigious Stevie® awards for excellence. This recognition underscores the organizations’ commitment to leveraging their comprehensive data and market expertise to serve the needs of the property and casualty industry.
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