As the calendar winds down, so does the window to finalize claims. Discover why the final months of the year are ideal for settlements — and how Ametros can help make the process smoother for everyone involved.
As the holidays approach and the year ends, most people are focused on family, festivities, and fresh starts. But for those working in the workers compensation industry, this season brings another of opportunity- settlement season.
In this blog, we’ll explore:
- What is Settlement Season?
- Why year-end is the ideal time to settle claims
- How Ametros supports smoother, faster, and more confident settlements
What is Settlement Season?
Settlement Season — typically spanning October through December — is when adjusters and attorneys work to resolve claims before the calendar resets. It’s a critical window to meet performance goals, reduce open case volume, and provide injured individuals with closure and peace of mind before the new year begins.
Why Year-End Settlements Make Sense
Hit Year-End Performance Goals
Closing claims before year-end helps meet departmental targets and improve overall performance metrics. It also frees up capacity to focus on new cases in the upcoming year.
Clean Books and Clear Minds
Settling claims before December 31st means cleaner year-end reports and fewer open cases heading into January. It’s a chance to improve performance analytics, reduce administrative burden, and start the new year with clarity and focus.
Peace of Mind for Injured Individuals
We know that injured workers are often seeking closure, emotionally, physically, and financially. Helping clients reach a resolution before the holidays is a meaningful way to provide peace of mind and demonstrate results before the new year begins.
Avoid New Year Slowdowns
Court schedules and negotiations tend to slow down after mid-December, so the earlier you push for resolution, the smoother the process tends to be. Settling before the end of the year avoids delays, ensuring cases are wrapped up, and funds are distributed before the new-year backlog begins.
How Ametros Makes Settlements Easier
When it’s time to close a claim, Ametros helps make the process seamless for both professionals and injured individuals. We provide solutions like CareGuard that simplify Medicare Set Asides and ongoing medical management, ensuring compliance and long-term care for the injured party. CareGuard helps facilitate settlements by giving injured workers peace of mind about managing future medical needs. It addresses concerns about post-settlement support and ensures their funds are managed wisely, so they feel secure moving forward.
By partnering with Ametros during settlement, our team can attend mediations, review files to identify cases ready for settlement, and coordinate resources such as MSA vendors and structured settlement brokers. For complex or challenging cases, we offer specialized expertise to ensure smooth and successful resolutions.
How Ametros Helped Close a High-Dollar Case Before the Holidays
Last Settlement Season, Ametros helped close a high-dollar, highly complex case faster than average by leveraging our specialized support.
- Multi-million dollar case settled out of the WC system just two years after the date of loss by leveraging professional administration in settlement.
- Separate, professionally managed accounts at no extra cost to the carrier or TPA, covering MSA, non-Medicare medical expenses, attendant care, and home modification allocations
- Dedicated Special Programs Team coordinated complexities of catastrophic loss, including DME, prosthetics, wheelchair needs, and Medicare compliance.
By streamlining the process, we freed up adjuster resources and gave the injured individual peace of mind before the holidays.
Time to Wrap It Up (and we don’t mean your holiday gifts)
‘Tis the season for resolutions both personal and professional. Closing claims before year-end not only benefits your books but also provides injured individuals with the stability and support, they deserve heading into a new year.
Let’s make this settlement season a reason to celebrate.
Settle smart. Settle before year-end. Settle with Ametros
