Blog: Daisy News

News, data, & insights about workers' comp billing

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Average Days to Payment, July - September 2014

November 4, 2014 by Catherine Montgomery

Here's the latest table of average days to payment for the top 30 work comp claims administrators to which we submit bills. This data spans the period from 7/1/2014-9/30/2014. In that time frame DaisyBill processed over 50,000 bills from 300 different claims administrators.

The table represents the average number of days from submission of a bill until receipt of the explanation of review (EOR), and takes into account EORs that we received during the time period 7/1/2014-9/30/2014,

Good news -- 14 of the top 30 decreased their average days to payment!

Claims Administrator

Average duration from submission to payment

(in business days)

Sedgwick Claims Management Services (TPA)

16

SCIF - State Compensation Insurance Fund

12

Gallagher Bassett

18

Liberty Mutual Insurance

14

Travelers

19

Zurich Insurance North America

12

Broadspire, a Crawford Company

11

The Hartford

18

York Risk Services Group (TPA)

24

ESIS

30

ICW - Insurance Company of the West

14

Sedgwick (LA County 5000 Claims Only)

29

The Zenith

9

Tristar (LA County 2000 Claims Only)

18

AIG / Chartis

25

Keenan & Associates

14

CIGA-California Insurance Guarantee Association

25

BHHC - Berkshire Hathaway Homestate Companies

18

Employers Compensation Insurance Company

27

Intercare Insurance Services (TPA)

34

Intercare (LA County 3000 Claims Only)

21

Lumbermen's Underwriting Alliance

16

Align Networks (Universal SmartComp)

39

Tower Group Companies (Formerly SUA Insurance)

21

Tristar Risk Management (TPA)

38

Chubb Services (CorVel)

19

Seabright Insurance (SBIC)

18

American Claims Management

22

Sentry Insurance

12

York Risk (LA County 1000 Claims Only

16

Also see:

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