case reserve

case re·serve

(kās rē-zĕrv')
The dollar amount stated in health care claims file that represents an estimate of the unpaid balance.
References in periodicals archive ?
LCase offers insurers, employers, and TPAs a comprehensive claim management solution and case reserve calculation environment for workers compensation and other liability claims that easily integrates with existing claims systems and minimizes the time and cost of reviewing claims while enhancing claim handling decisions.
The resilience shown by the Indian economy in face of adversity at a time fiscal and monetary stimulus put in place by the Government and central bank of India, in this case Reserve Bank helped the Indian economy to weather the crisis without such intervention," Mukherjee said.
While initially setting the case reserve at the commonplace expected outcome, the ultimate payment could well be many times that amount.
Fromhold graduated Phi Beta Kappa from Case Reserve University.
The Case Reserve module enables claims handlers to use historical data to make a case estimate based upon similar injuries to provide insurance companies with more accurate information on which to base their reserves.
First, the adjuster cannot set an accurate case reserve figure without knowing the type and cost of medical treatment, the extent of any wage loss, the permanency of the injuries, and an indication of your client's credibility and personal background.
While we continue to experience acceleration in the case reserving process and case reserve strengthening, the amount of acceleration and case reserve strengthening identified is less in this quarter than our previous estimates contemplated.
The Late Robert Collin, PhD, taught at Case Reserve Western University, where he was chairman of the Department of Electrical Engineering and Applied Physics.
Their responsibilities include assigning a value, called the case reserve, to the future payments for each claim.
For example, a technician with an insurance background is likely to properly investigate, evaluate, case reserve and settle claims, while poorly handling case management responsibilities.
In the third quarter, new losses and case reserve increases greater than $250,000 moved above the average of the past six quarters.