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SeaBright Launches BrightCurePDQ a Physician-Directed Quality

^{Published on 2010-06-23 13:06:29 - Market Wire}
 

SEATTLE--([ BUSINESS WIRE ])--SeaBright Holdings, Inc. (NYSE: SBX) today announced that its subsidiary, SeaBright Insurance Company, has launched an innovative new concept in managed care. The new program has been dubbed aBrightCurePDQa, which stands for Physician-Directed Quality.

Starting in June, upon notice of loss, SeaBright will employ a more medically-oriented claim model using doctors to actively manage the medical aspects of selected lost time claims. The Company identifies these claims using its predictive modeling techniques. The predictive model identifies, early in the life of a claim, those injured employees that represent the greatest cost potential and most serious return to work challenges. Starting on day one, SeaBrighta™s occupational medicine and orthopedic physicians will review, authorize, and direct the medical treatment and requests for pharmaceuticals, such as Class II narcotics, which are significant cost drivers of medical claim costs. The Companya™s goal is to smartly deliver quality and appropriate cost-effective medical care to return the injured worker back to work expeditiously.

SeaBrighta™s claim examiners will continue to manage the non-medical aspects of these claims, and will work in partnership with the physicians to drive the claim towards a timely and successful closure.

SeaBright is launching this program in response to rising medical care costs for workersa™ compensation claims. According to the Workersa™ Compensation Insurance Rating Bureau of California, nearly 69 cents out of every claim dollar were spent on medical benefits in accident year 2009.

Dr. Marc Miller, Senior Vice President and Chief Medical Officer for SeaBright Insurance Company, said, aBrightCurePDQ represents a quantum leap forward in medical management. With physicians managing medical care for our policyholdersa™ injured workers, better care will be delivered faster, facilitating an earlier recovery and return to work. This is a win-win scenario as injured workers get a better medical outcome, and employers get them back to work sooner, preserving productivity and lowering overall claim cost.a

BrightCurePDQ is available only in California at this time, but the Company expects to expand the program in selected jurisdictions nationwide by year-end.

About SeaBright Holdings, Inc.

SeaBright Holdings, Inc. is a holding company whose wholly-owned subsidiary, SeaBright Insurance Company, operates as a specialty underwriter of multi-jurisdictional workersa™ compensation insurance. SeaBright Insurance Company distributes its maritime, alternative dispute resolution and state act products through selected independent insurance brokers and through its wholesale broker affiliate, PointSure Insurance Services, Inc. PointSure is licensed in 50 states and also offers insurance products from non-affiliated insurers. Total Healthcare Management, another SeaBright Holdings company, provides integrated managed medical care services to help employers control costs associated with on-the-job injuries. To learn more about SeaBright Holdings, Inc., visit our website at [ www.sbic.com ].