Lump-Sum Settlement Info Must Go Through EDI, Board Says

Lump-sum payment information must be recorded through the electronic data interchange (EDI) within 30 days after the Indiana Workers' Compensation Board approves a settlement, the board announced. The information can be conveyed through what the board calls a “PY” filing, followed by an “FN” filing, according to the board's website. More information is available on the updated settlement procedures on the site. The board also noted that no compliance measures regarding EDI 3.1 are being considered. The regulators will start tracking EDI transactions that were ...