Case study
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Salus Claims Protocol yields immediate results.
If you want to control costs, you have to close claims.
When a carrier exited the market in late 2018, Salus took over management of a book of run-off claims consisting of more than 400 open legacy claims. (29% indemnity; 71% medical only.) The average incurred cost per claim exceeded
$15,000.
As a result of Salus’ deep experience managing work-related injury claims, our adjusters were able to close claims at a record pace. After 6 months, the client realized an 87% closure rate on legacy open claims. The
Salus claims team successfully reduced the number of indemnity and medical only claims by 73% and 93%, respectively, at an average incurred cost per claim of less than $10,000.
Additionally, Salus took over management of new claims. By implementing the Salus Claims Protocol from the outset, Salus adjusters closed 68% of the claims inside of 6 months with an average cost per claim of less
than $1,800.
Highlights
87% |
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RUN-OFF CLAIMS CLOSED WITHIN 6 MONTHS |
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92% / 8% |
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NEW CLAIM MEDICAL ONLY/INDEMNITY CASE MIX SIGNIFICANTLY OUTPERFORMS INDUSTRY |
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84 |
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AVERAGE DAYS TO CLOSE NEW CLAIMS FROM NOTICE OF LOSS |
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