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©2019 CorVel Corporation. All rights reserved.
ENTERPRISE COMP STEWARDSHIP
Reporting Period 07/01/2016 - 06/30/2021
As of 06/30/2021
©2019 CorVel Corporation. All rights reserved.
2
CLAIMS SUMMARY
AGED ONE PERIOD
Injury Year (FYE)
2017
2018
2019
2020
2021
Number of Claims
133
152
156
126
131
Total Incurred
$945,680
$1,489,344
$867,320
$956,392
$2,586,374
Average Incurred
$7,110
$9,798
$5,560
$7,590
$19,743
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
TOTAL INCURRED
Total Incurred w/o Mr.
Britt - $1.5 million.
Average - $11,130
©2019 CorVel Corporation. All rights reserved.
3
CLAIMS SUMMARY – Excludes COVID
©2019 CorVel Corporation. All rights reserved.
4
CLAIM COUNTS - STATUTORY
©2019 CorVel Corporation. All rights reserved.
5
BENCHMARKING
AGED ONE YEAR
©2019 CorVel Corporation. All rights reserved.
6
BENCHMARKING
AGED ONE YEAR (Excluding Lyndon Britt)
©2019 CorVel Corporation. All rights reserved.
7
CLAIM COUNTS
TOP FIVE LOCATION SUMMARY
Injury Year (FYE)
2017
2018
2019
2020
2021
Chand Police Department
Number of Claims
56
62
79
71
67
Total Incurred
$1,792,866
$1,324,632
$1,000,750
$893,779
$2,083,780
Average Incurred
$32,015
$21,365
$12,668
$12,588
$31,101
CHAND FIRE HEALTH & MEDICAL DEPARTMENT
Number of Claims
38
35
33
42
27
Total Incurred
$297,774
$1,573,835
$223,621
$304,403
$360,584
Average Incurred
$7,836
$44,967
$6,776
$7,248
$13,355
Chand Community Services
Number of Claims
24
33
17
17
11
Total Incurred
$90,768
$101,680
$108,270
$66,378
$78,419
Average Incurred
$3,782
$3,081
$6,369
$3,905
$7,129
CHAND PUBLIC WORKS & UTILITIES
Number of Claims
17
13
19
19
17
Total Incurred
$130,786
$85,062
$82,631
$76,199
$38,933
Average Incurred
$7,693
$6,543
$4,349
$4,010
$2,290
CHAND NEIGHBORHOOD RESOURCES
Number of Claims
3
6
1
3
4
Total Incurred
$3,007
$43,613
$197
$1,361
$10,486
Average Incurred
$1,002
$7,269
$197
$454
$2,621
©2019 CorVel Corporation. All rights reserved.
8
CLAIMS TRIANGLE
INCURRED AMOUNT
Injury Year (FYE)
12 Months
24 Months
36 Months
48 Months
60 Months
2017
$945,680
$1,635,384
$1,836,548
$1,959,325
$2,317,166
2018
$1,489,344
$2,814,662
$2,741,694
$3,148,695
2019
$867,320
$1,538,022
$1,565,470
2020
$956,392
$1,349,085
2021
$2,586,374
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
INCURRED AMOUNT
©2019 CorVel Corporation. All rights reserved.
9
CLAIMS TRIANGLE
AVERAGE INCURRED
Injury Year (FYE)
12 Months
24 Months
36 Months
48 Months
60 Months
2017
$7,110
$11,765
$13,118
$13,896
$16,434
2018
$9,798
$17,814
$17,352
$19,928
2019
$5,560
$9,321
$9,488
2020
$7,590
$8,539
2021
$19,743
$0
$5,000
$10,000
$15,000
$20,000
$25,000
AVERAGE INCURRED
©2019 CorVel Corporation. All rights reserved.
10
CLAIM COUNTS
NATURE OF INJURIES
Injury Nature
Injury Year (FYE)
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
2017
41
29%
26
18%
6
4%
0
0%
10
7%
2018
64
41%
29
18%
9
6%
0
0%
9
6%
2019
67
41%
32
19%
5
3%
0
0%
15
9%
2020
51
32%
23
15%
5
3%
32
20%
11
7%
2021
53
40%
26
20%
12
9%
9
7%
9
7%
Strain
Contusion
Puncture
COVID-19
Laceration
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
PERCENTAGE OF CLAIMS
©2019 CorVel Corporation. All rights reserved.
11
INCURRED
NATURE OF INJURIES
Injury Nature
COVID-19
Strain
Rupture
Sprain
Contusion
Injury Year (FYE)
Incurred
% of Incurred
Incurred
% of Incurred
Incurred
% of Incurred
Incurred
% of Incurred
Incurred
% of Incurred
2017
$0
0%
$883,594
38%
$118,630
5%
$465,052
20%
$53,764
2%
2018
$0
0%
$526,024
17%
$0
0%
$305,663
10%
$84,287
3%
2019
$0
0%
$611,837
39%
$0
0%
$30,276
2%
$146,468
9%
2020
$18,223
1%
$562,202
42%
$0
0%
$21,875
2%
$102,666
8%
2021
$1,553,468
60%
$597,780
23%
$107,351
4%
$80,428
3%
$76,725
3%
0%
10%
20%
30%
40%
50%
60%
70%
PERCENTAGE OF CLAIMS
©2019 CorVel Corporation. All rights reserved.
12
CLAIM COUNTS
BODY PART
Body Part
Injury Year (FYE)
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
2017
17
12%
14
10%
6
4%
16
11%
4
3%
2018
20
13%
16
10%
7
4%
11
7%
2
1%
2019
25
15%
17
10%
15
9%
11
7%
2
1%
2020
16
10%
8
5%
10
6%
10
6%
36
23%
2021
16
12%
13
10%
13
10%
10
8%
9
7%
Lower Back Area
Knee
Hand
Shoulder(s)
Lungs
0%
5%
10%
15%
20%
25%
PERCENTAGE OF CLAIMS
©2019 CorVel Corporation. All rights reserved.
13
0%
10%
20%
30%
40%
50%
60%
70%
PERCENTAGE OF CLAIMS
INCURRED
BODY PART
Body Part
Injury Year (FYE)
Incurred % of Incurred
Incurred % of Incurred
Incurred % of Incurred
Incurred % of Incurred
Incurred % of Incurred
2017
$29,767
1%
$500,109
22%
$425,347
18%
$95
0%
$117,597
5%
2018
$1,387,447
44%
$222,649
7%
$79,112
3%
$9,695
0%
$126,509
4%
2019
$21,069
1%
$177,686
11%
$171,924
11%
$0
0%
$105,042
7%
2020
$18,738
1%
$111,973
8%
$311,741
23%
$318
0%
$4,709
0%
2021
$1,553,468
60%
$285,244
11%
$210,737
8%
$107,351
4%
$86,925
3%
Shoulder(s)
Knee
Pelvis
Ankle
Lungs
©2019 CorVel Corporation. All rights reserved.
14
PAID FINANCIAL SUMMARY
Transaction Year
2017
2018
2019
2020
2021
Total Paid
$2,016,940
$2,985,651
$2,543,987
$2,135,603
$1,928,175
Indemnity
$503,288
$577,307
$742,295
$896,157
$710,509
Medical
$1,033,207
$1,523,019
$1,105,455
$847,700
$957,817
Expense
$480,446
$885,325
$696,238
$391,746
$259,849
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
TOTAL PAID OVER PERIOD
©2019 CorVel Corporation. All rights reserved.
15
NETWORK SOLUTIONS
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
Provider Charges
Recommended Payments
Savings
Invoice Year
2017
2018
2019
2020
2021
Change
% Change
Bill Count
2,886
3,256
2,629
2,608
2,465
-143
-5%
Provider Charges
$3,011,245
$4,879,333
$3,387,343
$2,226,047
$2,063,259
-$162,788
-7%
Recommended Payments
$1,038,220
$1,416,836
$985,291
$809,759
$917,061
$107,302
13%
Savings
$1,973,026
$3,462,497
$2,402,052
$1,416,289
$1,146,198
-$270,091
-19%
Savings %
66%
71%
71%
64%
56%
-8%
-13%
Last Yr vs Prior Yr
©2019 CorVel Corporation. All rights reserved.
16
PHARMACY SUMMARY
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
PHARMACY SAVINGS
Invoice Year
2017
2018
2019
2020
2021
Prescription Count
480
444
271
231
282
Prescription Charges
$139,581
$137,369
$95,520
$95,519
$135,505
Recommended Payments
$95,103
$95,502
$68,780
$61,955
$79,799
Pharmacy Savings
$44,478
$41,867
$26,740
$33,564
$55,707
Pharmacy Savings %
31.9%
30.5%
28.0%
35.1%
41.1%
©2019 CorVel Corporation. All rights reserved.
17
The following shows 24/7 nurse triage disposition type information
for the prior five calendar quarters.