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Claims Closed in the Period

Reporting period:  Defined by the Gather Data menu selection for Quarter Reports. 

Report valued as of: Ending date. - This report is valued as of the 2nd of the 2 dates entered when using the Gather Data menu selection for Quarter Reports

Example: If  the data for the report was being gathered on 05/17/2001, and the 2 dates used to gather data for the report were 01/01/2001 and 03/31/2001, all claim totals on the report are valued as of 03/31/2001.

Data type: Calculated totals.

Description: This report lists claims that were open at the beginning of the fiscal period and where closed by the end of the fiscal period.  Claims close during the period if they have had all of the medical/expense and indemnity reserve money removed either by payments or by reserve adjustments.

Fields:  

  1. Compensate Case Number
  2. Claimant's Name - last, first
  3. Injury Date
  4. Injury Description
  5. Total Indemnity Paid - the total of all indemnity transactions up to and including the ending date that was used when gathering data.
  6. Total Medical Paid - the total of all medical transactions up to and including the ending date that was used when gathering data
  7. Total Expense Paid - the total of all expense transactions up to and including the ending date that was used when gathering data
  8. Total Recovery - the total money recovered in medical, expense, and indemnity up to and including the ending date that was used when gathering data. This is usually money received from Excess Loss carriers or refunds from the state. Over payments or reimbursements from providers or claimants should never be posted in this column.
  9. Total Reserve Reduction - the change in medical, expense, indemnity reserve from the beginning of the period to the end of the period.  Since the reserve at the end of the period was zero this will be the total amount of money on reserve for this claim at the beginning of the period.
  10. Grand Total and Claim Count

Note : This report is ordered so the claims with the biggest change in reserves are at the top of the report.

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