Care Bridge International has announced that it has received actuarial endorsement for accuracy in projecting the medical portion of workers’ compensation claims. The company’s processes, models and tools, are designed to assist workers’ compensation claims and professionals in the forecasting of individual medical claims.
The actuarial endorsement helps in forecasting medical treatment costs to calculate the funds needed to pay those costs which are often miscalculated frequently by Adjusters.
CareBridge International also offers software solution which uses Big Data to forecast medical exposures for medical reserve setting/ medical cost projections and Medicare set asides for workers’ compensation and Liability claims within minutes instead of days or weeks. It also has integrated risk management platform with dashboard analytics.