Unlocking the Future of Workers' Compensation: Insights from WCRI's 35th Annual Conference

The Future of Work: A Keynote by Alan Krueger

The Workers Compensation Research Institute (WCRI) recently hosted its 35th Annual Issues and Research Conference, featuring a keynote address by world-renowned economist Alan Krueger. Krueger discussed the future of work, the impact of technology on the economy, and the opioid epidemic's effect on the labor force participation rate. According to the U.S. Bureau of Labor Statistics, the labor force participation rate has declined from 63.4% in 2000 to 61.4% in 2020, partly due to the opioid crisis.

Opioid Prescribing and Telemedicine: Key Conference Topics

The conference also delved into the latest research on opioid prescribing to injured workers and the challenges and opportunities of telemedicine. A study by the Centers for Disease Control and Prevention (CDC) found that the rate of opioid prescriptions for workers' compensation claims decreased by 28% from 2012 to 2017. Meanwhile, the adoption of telemedicine has surged, with a 63% increase in telehealth visits from 2019 to 2020, according to the CDC.

Washington State's Community-Based Program and WCRI's Benchmark Studies

A panel discussion highlighted Washington State's community-based program, which brings together medical providers, employers, and injured workers for coordinated services. Additionally, WCRI discussed its latest findings and trends from its core benchmark studies, including the 18-State CompScope™ Benchmarks reports. These studies provide valuable insights into the performance of state workers' compensation systems.

For those looking to stay ahead in the workers' compensation field, attending conferences like WCRI's can provide invaluable insights and networking opportunities. Stay informed about the latest trends and research to better manage and improve workers' compensation systems.