The opportunity in soft tissue claims is frequently buried underneath the more exceptional cases. Let’s face it, a strain and sprain to the neck is not as exciting as a recommendation for neck surgery. And this is precisely why soft tissue injuries are one of the largest opportunities for loss cost containment.
We explore the large and growing opportunity in soft tissue injuries in a four-part, “By The Numbers” series. The healthcare industry is changing rapidly and its impact on property and casualty insurers is as dramatic as that seen in other industries. The complex changes in healthcare are leading to longer treatment periods, more services per visit and more testing. Cases with severe injuries are expensive, but they frequently don’t provide the same level of opportunity that exists in soft tissue cases to challenge the buildup in treatment.
To explore the nature of the opportunity, how large it is for your company and how to start thinking about tackling it....