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©2019 CorVel Corporation. All rights reserved.
1
CLAIMS SUMMARY
Injury Year (FYE)
2018
2019
2020
2021
2022
Number of Claims
158
165
159
138
119
Total Incurred
$3,176,729
$1,626,515
$1,929,974
$2,590,299
$2,625,867
Average Incurred
$20,106
$9,858
$12,138
$18,770
$22,066
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
TOTAL INCURRED
©2019 CorVel Corporation. All rights reserved.
2
CLAIMS SUMMARY
AGED ONE PERIOD
Injury Year (FYE)
2018
2019
2020
2021
2022
Number of Claims
152
156
126
131
119
Total Incurred
$1,489,344
$867,320
$956,392
$2,586,374
$2,625,867
Average Incurred
$9,798
$5,560
$7,590
$19,743
$22,066
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
TOTAL INCURRED
©2019 CorVel Corporation. All rights reserved.
3
LITIGATION
Injury Period
2018
2019
2020
2021
2022
Total Claims
158
165
159
138
119
Litigated Claims
2
2
1
% of Claims Litigated
1.3%
1.3%
0.8%
Paid on All Claims
$1,735,817
$1,073,694
$1,183,930
$1,436,992
$709,428
Paid on Litigated Claims
$24,890
$173,861
$156
% Paid from Litigated Claims
1.4%
14.7%
0.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
©2019 CorVel Corporation. All rights reserved.
4
BENCHMARKING
©2019 CorVel Corporation. All rights reserved.
5
BENCHMARKING – EXCLUDES OUTLIER
©2019 CorVel Corporation. All rights reserved.
6
CLAIM COUNTS
TOP FIVE LOCATION SUMMARY
Injury Year (FYE)
2018
2019
2020
2021
2022
Chand Police Department
Number of Claims
62
79
71
71
52
Total Incurred
$1,352,660
$999,450
$1,414,414
$2,167,288
$2,255,454
Average Incurred
$21,817
$12,651
$19,921
$30,525
$43,374
CHAND FIRE HEALTH & MEDICAL DEPARTMENT
Number of Claims
35
33
43
28
29
Total Incurred
$1,573,835
$287,544
$381,175
$291,540
$236,816
Average Incurred
$44,967
$8,713
$8,865
$10,412
$8,166
Chand Community Services
Number of Claims
33
17
17
12
11
Total Incurred
$101,680
$108,270
$54,779
$35,366
$34,209
Average Incurred
$3,081
$6,369
$3,222
$2,947
$3,110
CHAND PUBLIC WORKS & UTILITIES
Number of Claims
13
19
19
18
17
Total Incurred
$85,062
$81,053
$71,233
$77,124
$76,921
Average Incurred
$6,543
$4,266
$3,749
$4,285
$4,525
CHAND NEIGHBORHOOD RESOURCES
Number of Claims
6
1
3
4
2
Total Incurred
$43,619
$197
$1,408
$9,227
$2,860
Average Incurred
$7,270
$197
$469
$2,307
$1,430
©2019 CorVel Corporation. All rights reserved.
7
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
2018
64
41%
29
18%
19
12%
0
0%
9
6%
2019
66
40%
32
19%
17
10%
0
0%
15
9%
2020
51
32%
23
14%
8
5%
33
21%
11
7%
2021
53
38%
27
20%
8
6%
10
7%
9
7%
2022
34
29%
25
21%
15
13%
11
9%
10
8%
Strain
Contusion
Sprain
COVID-19
Laceration
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
PERCENTAGE OF CLAIMS
©2019 CorVel Corporation. All rights reserved.
8
INCURRED
NATURE OF INJURIES
Injury Nature
COVID-19
Strain
Multiple Physical Injuries
Only
Sprain
Contusion
Injury Year (FYE)
Incurred
% of Incurred
Incurred
% of Incurred
Incurred
% of Incurred
Incurred
% of Incurred
Incurred
% of Incurred
2018
$0
0%
$531,504
17%
$3,045
0%
$305,663
10%
$84,301
3%
2019
$0
0%
$511,896
31%
$14,224
1%
$30,276
2%
$144,560
9%
2020
$18,786
1%
$516,478
27%
$1,977
0%
$21,881
1%
$97,602
5%
2021
$1,504,017
58%
$488,086
19%
$68,544
3%
$28,722
1%
$74,899
3%
2022
$1,955,150
74%
$284,287
11%
$137,002
5%
$118,520
5%
$80,367
3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
PERCENTAGE OF CLAIMS
©2019 CorVel Corporation. All rights reserved.
9
CLAIM COUNTS
BODY PART
Body Part
Injury Year (FYE)
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
Claims
% of Claims
2018
2
1%
16
10%
20
13%
11
7%
3
2%
2019
2
1%
17
10%
25
15%
11
7%
4
2%
2020
36
23%
9
6%
16
10%
11
7%
8
5%
2021
9
7%
15
11%
17
12%
9
7%
3
2%
2022
14
12%
14
12%
9
8%
8
7%
8
7%
Lungs
Knee
Lower Back Area
Shoulder(s)
Eyes
0%
5%
10%
15%
20%
25%
PERCENTAGE OF CLAIMS
©2019 CorVel Corporation. All rights reserved.
10
0%
10%
20%
30%
40%
50%
60%
70%
80%
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
2018
$1,387,447
44%
$79,122
2%
$1,661
0%
$222,649
7%
$20,651
1%
2019
$18,723
1%
$171,924
11%
$44,595
3%
$164,563
10%
$11,647
1%
2020
$19,302
1%
$304,402
16%
$1,095
0%
$137,728
7%
$60,493
3%
2021
$1,502,917
58%
$216,699
8%
$18
0%
$236,899
9%
$3,449
0%
2022
$1,957,415
75%
$204,731
8%
$139,002
5%
$95,036
4%
$53,257
2%
Knee
Upper Arm
Shoulder(s)
Elbow
Lungs
©2019 CorVel Corporation. All rights reserved.
11
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
2018
2019
2020
2021
2022
Change
% Change
Bill Count
3,645
2,996
2,914
2,898
2,693
-205
-7%
Provider Charges
$5,421,001
$4,236,406
$2,903,384
$2,529,533
$2,823,910
$294,377
12%
Recommended Payments
$1,418,655
$985,291
$809,759
$919,079
$1,172,137
$253,058
28%
Savings
$4,002,346
$3,251,115
$2,093,626
$1,610,454
$1,651,773
$41,319
3%
Savings %
Fee $663,624 $452,150 $212,372 $202,002
$221,439
ROI 1:16 1:14 1:10
1:13
1:13
74%
77%
72%
64%
58%
-5%
-8%
Last Yr vs Prior Yr
©2019 CorVel Corporation. All rights reserved.
12
PHARMACY SUMMARY
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
PHARMACY SAVINGS
Invoice Year
2018
2019
2020
2021
2022
Prescription Count
444
270
231
280
196
Prescription Charges
$137,369
$94,775
$95,519
$132,317
$104,689
Recommended Payments
$94,782
$68,361
$61,955
$79,778
$62,397
Pharmacy Savings
$42,587
$26,414
$33,564
$52,540
$42,292
Pharmacy Savings %
31.0%
27.9%
35.1%
39.7%
40.4%
©2019 CorVel Corporation. All rights reserved.
13
CASE MANAGEMENT OVERALL SUMMARY
Service Year
2018
2019
2020
2021
2022
Case Management Services
Referred
32
17
16
6
7
Open
49
36
34
29
1
Closed
16
32
16
9
8
Total Cost
$31,246
$146,643
$39,635
$48,219
$20,641
Avg Cost
$1,953
$4,583
$2,477
$5,358
$2,580
Total Savings
$104,802
$483,098
$48,462
$190,900
$194,200
ROI
$3:1
$3:1
$1:1
$4:1
$9:1
*Case Management now includes claims with all lines of business
©2019 CorVel Corporation. All rights reserved.
14
24/7 NURSE TRIAGE
SELF-CARE SAVINGS
The following shows 24/7 nurse triage disposition type information
for the prior five calendar quarters.
Call Year
2018
2019
2020
2021
2022
Standard Hour Calls (8 AM - 6 PM)
366
234
122
103
95
Claims Prevented
348
216
100
86
84
Hours
696
432
200
172
168
Dollars
$151,756
$95,671
$48,403
$41,562
$40,352
Average
$415
$409
$397
$404
$425
Off Hour Calls (6 PM - 8 AM)
145
128
47
36
48
Claims Prevented
139
121
38
28
42
Hours
278
242
76
56
84
Dollars
$133,103
$145,960
$52,670
$40,568
$63,975
Average
$918
$1,140
$1,121
$1,127
$1,333