Verisk
Pre-MSA and Cost Mitigation Provider Outreach Guide
Pages
2
Time to read
3 mins
Publication
Language
English
Pages
2
Time to read
3 mins
Publication
Language
English
This guide outlines the Pre-MSA and Cost Mitigation Provider Outreach service, which aims to enhance MSA settlement outcomes by identifying cost drivers early in the claims cycle. The service provides a snapshot of potential MSA costs along with targeted cost mitigation recommendations. It involves contacting the claimant's treating medical providers to gather necessary information regarding treatment options, which aids in accurately predicting MSA amounts. The guide details how the service has achieved significant cost reductions for clients, totaling nearly $75 million in 2022. Additionally, it describes the analysis of each case to evaluate future medical exposure and develop reports that document files at potentially lower costs than traditional MSAs. The guide emphasizes the benefits of this service, including improved accuracy in estimating reserves and expedited settlements by identifying claims ready for resolution. The document also addresses the possibility of converting a Pre-MSA into a full MSA and the associated cost-effectiveness.