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  • Milliman Highlights Predictive Analytics Tool for WC

Milliman Highlights Predictive Analytics Tool for WC

Feb182020
Posted by Travis Grulkowski
Posted by Travis Grulkowski
Categories: Member News

Take control of escalating workers' comp costs with Nodal

 

Risk & Insurance® discussed the results of a survey conducted at the December 2018 NWCDC Expo of 512 workers’ compensation professionals. Those surveyed said their number one concern was the rising cost of care. Almost half of them said the escalating cost was the biggest challenge facing their workers’ comp programs and cost containment was their top priority.


Nodal™ is Milliman’s web-based predictive model for early claim intervention. Identify claims most likely to have large increases in claim costs, which can then be triaged for cost containment strategies. Expect a savings up to 10% of your claims costs. This infographic (attached image) shows an example of a client who implemented the strategy and the results. Send a note to travis.grulkowski@milliman.com to discuss how Nodal can benefit your clients.



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