Looking Beyond the Numbers of Enlyte’s Medical Price Index
June 25, 2024
3 MIN READIn this quarter’s Enlyte Executive Insight, Michele Hibbert, senior vice president of regulatory compliance management, discusses the latest results from Enlyte’s medical price index and how it impacts the industry.
Enlyte Quarterly Medical Price Index - Q2
June 24, 2024
5 MIN READAs reported by the Bureau of Labor and Statistics (BLS) for April 2024, the consumer price index in the United States increased 3.4% over the preceding 12 months. The medical care index rose 0.4% in April 2024 after rising 0.5% in March 2024. The index for hospital services increased 0.6% over the month and the index for physician’s services increased 0.1% which would be compared to Enlyte’s data in this report.
Ensuring Precision and Agility in Settlements
June 19, 2024
3 MIN READLet’s set the stage with some facts that every carrier can relate to: a desire to close claims quicker and with more accuracy. If a fair settlement can be reached early on, it becomes a win-win for all parties involved. This is clearer than ever in the current environment.
Modernizing Claims Management: Streamlining Workflows With Integrated Negotiation Solutions
June 19, 2024
2 MIN READConventionally, the process of settling bodily injury claims entails a period of waiting—waiting for the injured individual to conclude their medical treatments and compile all pertinent medical bills and records. Enlyte’s new PrecisionDirect solution gives Auto Carriers exclusive access our expert negotiation services integrated with the Coventry Auto Network to ensure your client pays fair and accurate rates to providers on their unrepresented settlements.
The Great Workplace Shakeup: Adapting Workers' Comp for the Remote Revolution
June 4, 2024
4 MIN READThe growing trend of remote and hybrid work models has introduced new regulatory challenges to be addressed for the workers' compensation industry. While the COVID-19 pandemic created a seismic shift in the U.S. labor market, with a record 47 million Americans voluntarily quitting their jobs in 2021, according to analysis from the Harvard Business Review, this mass exodus was not simply an anomaly driven by the pandemic. Rather, it resulted from the convergence of five key factors that are reshaping today’s workforce—retirement, relocation, reconsideration, reshuffling and reluctance.
Consolidated Appropriations Act, 2024: The Impact on Workers' Compensation and Auto Casualty Sectors
May 30, 2024
3 MIN READOn March 9, 2024, President Biden signed the Consolidated Appropriations Act of 2024 into law. The spending package reduced the Medicare Physician Fee Schedule (MPFS). As a result, any state that uses Medicare as its fee schedule could see significant impacts from recent Medicare adjustments.
The Artificial Intelligence Revolution
April 25, 2024
1 MIN READIn the insurance industry, innovation isn't just a buzzword; it's a lifeline to the future. This is why AI is not just important – it's essential.