Ready for group health-caliber visibility into your open workers' comp claims?
See how Nodal Medical Benchmarking can reveal expected cost, utilization, and provider performance insights for smarter claims management.
Nodal
Nodal Medical Benchmarking
Combat rising workers’ compensation insurance costs with data-driven benchmarks and targeted early intervention.
The challenge
Workers’ compensation claims are increasingly expensive, with limited visibility into comparable group health benchmarks
The solution
Leverage Milliman’s proprietary group health benchmarks to identify excessive medical spending in WC
BENEFITS
Nodal Medical Benchmarking benefits
Cost reduction
Identify and address excessive utilization and unit costs quickly.
Strategic insight
Identify drivers of excess medical spending and collaborate with Milliman consultants to develop strategies to reduce costs.
Built-in expertise
Benefit from Group Health and WC data and benchmarks enriched by Milliman experts including actuaries, clinicians, and claims professionals.
Market-leading data
Exclusive access to detailed group health medical benchmarks, available to the WC industry only through Nodal Medical Benchmarking for workers’ comp.
Features
Nodal Medical Benchmarking features
Treatment benchmarks
Use benchmarks based on Milliman’s enriched group health database for conditions frequently found in WC.
Provider ratings
Evaluate provider performance and find the highest-performing provider near an injured worker.
Automated benchmarking
Compare and monitor medical costs for open and closed claims compared to group health benchmarks.
Dynamic reports
Access all data in a web-based tool and easily track KPIs and trends.
Main dashboard overview
Automated benchmarks
Medical cost benchmarks are updated automatically as new information emerges throughout the course of treatment.
View a complete list of claims
View, search, sort, and expert a complete list of claims showing the difference between the Milliman benchmark and the actual claim cost, along with provider ratings and other key information.
Drill down into a single claim
Drill down into a single claim to analyze potential overspending based on specific providers, procedures, and categories.
Evaluate provider performance
Compare the historical performance of providers on a risk-adjusted basis.
Strategic insight
Dive into drivers of cost variation across your claim population.
Milliman Nodal named 2023 Innovation Award winner
Milliman’s Nodal Medical Benchmarking for WC was carefully chosen by an independent panel of professional risk managers who truly understand excellence in the field. This award highlights the unwavering commitment to delivering cutting-edge products and services to the industry.
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