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MANAGED CARE PROVIDER COST ANALYSIS <br /> <br />Actual Work Comp. Claims <br /> Lost Medical No Total <br /> Year Time Only Cost Claims <br /> <br />1994-1995 1 8 7 16 <br /> <br />The following estimates what the cost for managed care would have been <br />based on the actual claims experience for 1993-1995. <br />This assumes that only two of the medical only claims would require <br />managed care intervention. <br /> <br />CorVel <br /> $30/each case <br /> $75/hr med only <br /> $345/Iost time <br /> <br />$ 375 $ 54O $ 210 <br /> <br />Total <br />Cost <br /> <br />$ 1,125 <br /> <br />1994-1995 <br /> <br />Medica <br /> Case Fee Option <br /> SOO/each case <br /> $50/med. only <br /> $360/Iost time <br /> <br />Monthly Fee Option <br /> $1.35/employee <br /> (ESTIMATED. <br /> <br /> Total <br /> Cost <br /> <br />$ 360 $ 400 $ $ 760 1994-1995 <br /> <br /> Total <br /> Cost <br /> $ 1,215 1994-1995 <br />The actual fee is based on an audit of hours and FTE positions) <br /> <br />Estimated MONTHLY premium credit is $465. <br />Estimated ANNUAL premium credit is $5,588. (Approximately $3,700 of the annual credit <br />would be realized in the General fund.) <br /> <br />Effective with renewal the premium credit increases from five to ten percent which will double <br />our credit. <br /> <br />3/15/96 CARE.XLS <br /> <br /> <br />