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  • Benefits of a Pre-Authorization Process

    Benefits of a Pre-Authorization Process

    The proper and efficient administration of workers’ compensation and automobile no-fault claims is vital to an insurance company’s continued success. As every adjuster and examiner knows, the first duty is to restore the claimant to his or her previous state after he or she experiences an injury due to a claim. Another responsibility of adjusters

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  • HOW THE HEALTHCARE COMMON PROCEDURE CODING SYSTEM CAN COST YOU MONEY

    HOW THE HEALTHCARE COMMON PROCEDURE CODING SYSTEM CAN COST YOU MONEY

    As all adjusters and examiners working within an insurance company know, both automobile no-fault claims and workers’ compensation claims come with inherent complexities and intricacies. Besides being responsible for indemnifying each and every claimant, adjusters and examiners are also responsible for holding down the cost of each claim administered. Controlling claims costs and preventing overpayments and unnecessary

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  • FOUR WAYS THAT A PRE-AUTHORIZATION PROCESS WILL IMPACT YOUR BOTTOM LINE

    FOUR WAYS THAT A PRE-AUTHORIZATION PROCESS WILL IMPACT YOUR BOTTOM LINE

    If your insurance company already implements pre-authorization processes on all automobile no-fault and workers’ compensation claims, you likely understand how it can significantly impact the bottom line. However, if you are an adjuster or examiner working for an insurance company that currently does not utilize pre-authorization processes on all claims, you could be leaving dollars on the table.

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  • THREE WAYS NORTHWOOD’S TRANSPARENCY TRANSLATES TO BETTER CARE

    THREE WAYS NORTHWOOD’S TRANSPARENCY TRANSLATES TO BETTER CARE

    Insurance companies administering automobile no-fault and workers’ compensation claims deal with a multitude of challenges. Chief among these challenges can be confronting misunderstandings and lack of transparency within several areas of the claims administration process. Northwood is an experienced third-party administrator (TPA) of both auto no-fault and workers’ compensation claims and shares innovative processes and procedures it has

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  • RISING COSTS IN THE INSURANCE INDUSTRY: WHAT CAN BE DONE?

    RISING COSTS IN THE INSURANCE INDUSTRY: WHAT CAN BE DONE?

    With a new year comes additional challenges for insurance companies administering both workers’ compensation and automobile no-fault claims. Continually rising costs for prescription medications as well as durable medical equipment, prosthetics, orthotics and medical supplies (DMEPOS) bring ever-present challenges and obstacles for insurance companies to work around. While there are several factors that figure into the increasing costs, the

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