| | DECEMBER - 2022MANAGEHRMAGAZINE.COM6The workers' compensation industry is continually innovating itself by embracing recent developments in technology. To improve internal efficiencies and create enhanced experiences for injured employees, modern workers' compensation professionals are exploring new ways to use technology. According to a report published in PRNewswire, the workers' compensation insurance sourcing and procurement market will reach $10.21 billion at a CAGR of 5.25 percent by 2026.At the core of this growth is a gamut of disruptive tech trends, fundamentally changing the workers' compensation industry for the better.Workers' compensation professionals are heavily investing in electronic payment and billing initiatives to increase claims processing efficiency. As electronic payment systems help reduce paper-based processes in offices and mailrooms, payers and insurance carriers alike can save high operational costs. Predictive analytics and automation are also gaining traction due to their ability to help claims adjusters and bill reviewers to speed up their operations by directing their attention to the required information. Besides, nurse triage and telemedicine play a vital role in delivering care to the injured quickly and efficiently, reducing the overall medical and workers' compensation costs.This edition of Manage HR delivers a bird's-eye view of the recent developments in the workers' compensation and disability arena and insights into how workers' compensation insurance carriers are aligning with these trends to transform legacy practices. We have curated thought leadership articles from industry experts, including the Director, Compensation & Benefits at Whirlpool Corporation and Head of Human Resources, at Liberty Mutual Insurance. We also took a deep dive into the market trends to narrow down the list of companies delivering robust workers' compensation and disability services. Equipped with innovative technological capabilities, the enlisted service providers, such as InSource Employer Solutions, help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of Manage HR on workers' compensation and disability helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! EditorialTapping into the Potential of Tech InnovationsVisualizersRonald DonovanAlex GonsalvesManaging Editoreditor@managehrmagazine.comAlex GonsalvesManaging EditorAlex GonsalvesCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@managehrmagazine.comeditor@managehrmagazine.commarketing@managehrmagazine.com MANAGE HR MAGAZINEDECEMBER - 10 - 2022, Volume 04, Issue 20 (ISSN 2832-3572)Published by ValleyMedia, Inc. To subscribe to Manage HR MagazineVisit www.managehrmagazine.com Editorial StaffAaron PierceAbner Lawrence Ava GarciaPhilo VazRussell ThomasTiffany Hayworth
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