There’s not a whole lot of attention paid to medical expenses reimbursed as a result of property/casualty claims … but that’s not to say there isn’t a reason to look into it. More than $50 billion is paid annually for medically related claims in the P&C sector, reports consulting firm Accenture, yet challenges in skill and scale prevent insurers from improving claims outcomes.
There are other reasons why P&C insurers are facing limitations with regard to medical claims processing, according to a research report released yesterday by Accenture that is designed to identify key issues related to the processing, adjustment and analysis of medical-related claims.
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