This 21st edition CompScope™ Benchmarks study for Virginia helps policymakers and other system stakeholders identify current cost drivers and emerging trends in total costs per claim and key components. The study compares the performance of state workers’ compensation systems in Virginia and 17 other states, focusing on overall medical payments, income benefits, use of benefits, duration of temporary disability, benefit delivery expenses, timeliness of payments, and other metrics. The study also examines how these system performance metrics have changed, mainly from 2014 to 2019, for claims at various maturities.
This report monitors the performance of Virginia’s workers’ compensation system in the two years after the medical fee schedule was implemented on January 1, 2018. Data in this analysis include information for 21 months of injuries and 27 months of experience under the medical fee schedule.
Note that the results we report include experience on claims through March 2020, at the very beginning of the coronavirus (COVID-19) pandemic. The study, therefore, provides a pre-COVID-19 baseline for evaluating the impact of the virus on workers’ compensation claims.
CompScope™ Benchmarks for Virginia, 21st Edition. Bogdan Savych. April 2021. WC-21-15.