“I Was Offered a Lump Sum to Drop my Workers’ Compensation Claim”

An injured worker who is receiving future care for their injury may be given a letter from the insurance company, where the insurance company is asking if the patient will agree to a settlement for the claim.

This is usually offered as a lump sum of money. Depending on many factors, the amount of money offered can vary greatly, and sometimes it’s a lot of money. It can come as a surprise, as many people aren’t often offered thousands of dollars in the mail very often. But there’s a very important question to ask: Should you take the offer?

In this blog post, we’ll examine the reasons for a Compromise and Release agreement, in order to help determine if agreeing to one is right for you.
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RateFast GigaRating: Don’t stop the press!

It’s an exciting time at RateFast as we announce the rollout of the RateFast GigaRating, the most powerful tool in RateFast’s toolkit to date! Inspired by the work of Tesla, Inc. Dr. John Alchemy outlines the next great step on the work comp path to perfection.

If you’re a workers’ compensation provider, adjuster, or case manager check out RateFast Express: the service that writes your impairment reports for you!

Abstraction, a Higher Level of Understanding Workers’ Comp

The very first computers, we’re talking the ones the size of rooms, those computers had to be programmed by professionals who knew how the computer worked as a physical machine in order to write programs. A bug in the program meant breaking out the toolbox.

But the potential of the computer was being hindered by all of this complicated hardware and esoteric software. In order to program more and more complicated tasks, the entire structure of the computer had to be simplified for the user.We call this abstraction.

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The RateFast Self-Driving Impairment Report

New technologies are applied to old, outdated systems. People attached to the old, bad technologies will point out how the new technology bares no resemblance to what they’re used to. It makes you wonder why that is. We spoke to Dr. John Alchemy about a few analogies pertaining to those clinging to something that flat out doesn’t work.

For more information on this episode, and other helpful tips about workers’ compensation, visit the RateFast Blog.

If you’re a workers’ compensation provider, adjuster, or case manager check out RateFast Express: the service that writes your impairment reports for you!

Vertical Impairment Rating and Case Settlement with RateFast!

When everybody has a stake in the claim, the best possible conclusion that all parties can come to is the truth. For this you need an objective party, and RateFast is that party. This month, Dr. John Alchemy explains vertical impairment rating in RateFast reports.

If you’re a workers’ compensation provider, adjuster, or case manager check out RateFast Express: the service that writes your impairment reports for you!

Workers’ Comp: the Central Issue in California’s Battle over Prop 22

Hector Castellanos, a full-time driver for rideshare giants Uber and Lyft, was injured in the course of work when he was struck by another car “I was hit by another driver while I was working, ended up needing the surgery and months of physical therapy, and I had to stop working for about a year,”

This issue was taken to court after Castellanos alleged that he had been promised a pay raise and increased healthcare by the company, a promise that had not been fulfilled.

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A California Nurse Case Manager’s Guide to Discussing MMI with Patients

Dr. John Alchemy answers questions submitted by Nurse Case Managers regarding ways of discussing common work comp questions with their patients.

If you’re a workers’ compensation provider, adjuster, or case manager check out RateFast Express: the service that writes your impairment reports for you!

Summer 2021 COVID-19 Report

In the months following the initial vaccine distribution early this year, it started to feel as though COVID-19 was soon to be a distant memory, a thing of the past. People began going outside, mask mandates were lifted, friends and families reunited. Much joy was had.

Of course, as we know having lived the past few months, this didn’t last very long.
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The Data Science and Impairment Rating Advantages of RateFast Digital Analytics

We’re in the age of data! Data helps us improve things in our day to day life, as well as track the progress of our ventures. Data analytics could be incredibly helpful to workers’ compensation as a whole, we know because we’ve seen it. Dr. John Alchemy expands on RateFast data analytics and how it helps close workers’ compensation claims.

For more information on this episode, and other helpful tips about workers’ compensation, visit the RateFast Blog.

If you’re a workers’ compensation provider, adjuster, or case manager check out RateFast Express: the service that writes your impairment reports for you!

Factors to Consider Regarding the Future of California Workers’ Compensation

Dear reader, look into our crystal ball. It shows you the future of California workers’ compensation. All who gaze into it see something different. Some see a workers comp system running with the clarity and ease of a mountain stream. Others simply scream and run away.

In this post we will examine workers’ compensation as it is today, and see if we can use this insight to make a few educated guesses of what the future holds.

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