Workers' Compensation

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Workers' Compensation

Insurance that pays for an employee's medical care in the event that he/she is injured at work. Workers' comp may also provide for lost wages and compensate for disability or reduced earning potential. In exchange for receiving workers' comp, the employee surrenders the right to sue the employer for negligence. Workers' comp is mandatory in many jurisdictions and employee paychecks are reduced by the amount of the premium.
References in periodicals archive ?
Though insurance fraud is a staggering problem, there are steps employers can take to lessen the risk of suspect or bogus workers compensation claims.
OscarLink also provides a HIPAA-compliant platform for its healthcare members to protect patient privacy in submitting information on workers compensation claims.
Results International Systems (RIS), an award-winning outsourcing and application service provider for the Property and Casualty Insurance Industry, has partnered with Insurance Technology Solutions, LLC (ITS) to deliver a state-of-the-art claims handling system to entities that handle Workers Compensation claims.
Nasdaq:RTWI), a leading provider of products and services to cost-effectively manage workers' compensation programs for clients in Minnesota, Michigan and Colorado, today announced that it has entered into agreements with two Minnesota governmental entities, to provide its workers compensation claims products and services on a fee-for-service basis.
Tenet Healthcare's median gross charges to employers on workers compensation claims for employees needing hospitalization in California are double the charge rate of other California hospital systems, according to new research released today by the California Nurses Association and the Institute for Health and Socio Economic Policy.
RTW, Nasdaq:RTWI) announced today that it entered into its first workers compensation claims servicing agreement on a fee for service basis.

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