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Auto Casualty Article

Third Party Litigation Funding: A Symptom of Deeper Issues in the Legal System

6 MIN READ

In the world of civil litigation, a new player has emerged—third-party litigation funders. These deep-pocketed investors are bankrolling lawsuits they have no direct involvement in, fueling a surge in nuclear verdicts (awards exceeding $10 million) and even thermonuclear verdicts (over $100 million). For workers' compensation and auto insurers, this trend is a ticking time bomb that could lead to skyrocketing claims costs.
Auto Casualty Article

Revving Up Reform: The Future of Michigan’s Auto Insurance

3 MIN READ

In 2019, Michigan enacted a bipartisan no-fault auto insurance reform aimed at reducing the state's notoriously high premiums. Key changes included allowing drivers to choose lower levels of personal injury protection (PIP) coverage, implementing a fee schedule for medical services, and prohibiting the use of certain non-driving factors in rate determination.
Auto Casualty Case Study

AuditPro Corrected Inflated Medical Billing

3 MIN READ

A client encountered billing challenges with an outpatient ASC bill concerning a procedure that involved removing a bony growth or "osteophyte." The billing problem arose when fluoroscopy, an imaging technique used during the procedure, was incorrectly billed separately instead of being included in the overall procedure cost. This error by the surgery center led to billing challenges that required correction since the fluoroscopy should not have been charged as an additional service.
Auto Casualty Case Study

AuditPro Delivered 92% Reduction in Billing Errors

3 MIN READ

Auto Casualty Article

Enlyte Quarterly Medical Price Index - Q3

5 MIN READ

As reported by the Bureau of Labor and Statistics (BLS) for October 2024, the consumer price index in the United States increased 2.4% over the preceding 12 months which is 1.0% less than reported in April 2024. This increase represents the smallest 12-month increase since February 2021.
Auto Casualty Article

Balanced Regulatory Environment: A Key Component to Unlocking the Value of Specialty Bill Review

2 MIN READ

Without the use of Specialty Bill Review (SBR), payers risk paying for errors or abuses created by providers with problematic billing practices. The regulatory climate in each state is a key component to ensuring fair and reasonable payment of medical bills especially in non-fee schedule states 
Auto Casualty Case Study

Utilizing Medical Insights to Strengthen Settlement Accuracy on High-Stakes Claims

2 MIN READ

Auto Casualty Article

Building a Resilient Future for the Insurance Industry with DecisionPoint

2 MIN READ

Unlock the future of claims management with DecisionPoint's innovative redesign. Empower your adjusters with streamlined data access, enhanced decision-making tools, and a user-friendly interface tailored for optimal efficiency and outcomes.