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Why Audit the Reserves?
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The Answer

1. The Compcheck system is a combination of workers' compensation claim file auditors, supported by software capable of tracking both the field audit activity and the workers' compensation claims reserve from inception to resolution. 

2. By verifying the experience modification rate calculation, we can detect and correct errors which result in refunds to the employer. Examples are revised payroll audits not sent to bureau, same claim reported twice, payroll not correct, claims closed but not reported, subrogated claims and aggravated inequities. We could go on!

                                               

3. Compcheck Risk Services, Inc. will improve the employers experience modification by periodically auditing the open workers' compensation claim files.

4. Experience modifications improve substantially over time.

5. The results are dramatic.