On July 23, 2013 the AM Best company notified Providence: "We are pleased to have qualified your firm's outstanding credentials for our on-line and print Directories." AM Best now recognizes Providence as an Expert Service Provider, one of less than 20 TPAs in the country that have qualified for this designation.
PwC, the accounting and consulting company, is projecting slower growth in healthcare costs again in 2014. In a recent study, PwC’s Health Research Institute (HRI), estimates medical costs will increase by 6.5% in 2014. However, when adjustments to benefit plan design, such as higher deductibles are made, the net projected growth rate drops to 4.5%.
On May 6, 2013 - Oklahoma Governor Mary Fallin signed SB1062 into law, thus changing the Oklahoma workers’ compensation system from an adversarial court system to an administrative system.