Over the last decade, the surge in technological deployments within firms has enhanced the sophistication and flexibility of worker’s compensation arena. And to help them incorporate the comprehensive capabilities of leading edge technologies such as AI and IoT, companies are partnering with consulting firms to help them better manage employees and claims and ensure better compensation and medical outcomes. At the heart of all the worker compensation success is the utilization of AI and ML for the establishment of predictive analysis models that drive savings and greatly enhance workers’ compensation and claims processing practices. Also on the forefront of this tech-driven disruption is the increased adoption of mobile-first applications that can help insurers report claims and manage other tasks on-the-go.
Looking to the future, the workers compensation and disability realm are poised to become extensively safer thanks to the increase in automation. At the same time, real-time sensors and other leading-edge IoT applications will make the automatic personalization of worker claiming and compensation possible.
That said, today, there are numerous companies vying to offer exemplary services to enhance workers’ compensation system. This makes it extremely challenging for the CIOs to look for service providers that would help them with consulting, implementation, and support. With the objective of helping organizations zero in on the best service provider, a distinguished panel and Manage HR magazine’s editorial board has reviewed numerous companies and selected the outstanding ones.
In this edition of Manage HR, we present to you “Top 10 Workers Compensation and Disability Consulting/Service Companies – 2020.”