Monitoring Your Unit Validation Edit Compliance Results
Now that NCCI’s
Data Quality Incentive Program (DQIP) evaluates the timely resolution of unit validation edits, how can you keep abreast of your company’s results and avoid a debit adjustment, which increases Data Collection fees and Statistical Agent fees?
Answer: Monitor your results in
Data Manager Dashboard!
Begin by reviewing the Validation views. After logging into
Data Manager Dashboard, select
Quality, and finally
Outstanding from the Validation View drop-down to see your company’s counts of Open and Rejected edits by Due Month. Address your edits in
Unit Data Collection prior to the Due Date to avoid a
Compliance Trending to monitor the unit validation edits evaluated by
DQIP. A quick way to analyze your company’s results is to change the view to a percentage and review the
Resolved On Time column. To avoid a debit, you should aim to maximize this percentage.
Historical View shows your company’s most common unit validation edits. Use this to identify possible systemic issues. Click on the button for a description of the edit.
To see your company’s actual
DQIP results, select
Compliance. The screen defaults to
Scroll down to the Validation Edits Due section. If your company is receiving a debit, the Adjustment column will be shaded. If the quarter has not ended, this value can change depending on the timeliness of unit validation edit resolution in that quarter’s remaining months.
Go to the
Validation Summary tab to get a breakdown of your
DQIP validation edit results by month, carrier, state, or type code.
For more detailed information about the
DQIP validation edit category or using
Data Manager Dashboard to monitor your company’s results, go to our
unit validation Web article.
Data Reporting Learning Opportunities
These online training modules have been released or are scheduled to be released later this year.
Designated Statistical Reporting Level Premium
As the 2021 Financial Call season has wrapped up, it’s a great time to explore the many educational opportunities on
ncci.com to prepare for next season.
The Designated Statistical Reporting (DSR) Level Premium series examines reporting rules for deriving the DSR Level Premium and detailed instructions on the two methods—Average Deviation and Extending Exposures.
Presented by NCCI subject matter experts, this session covers topics such as deviation history and other Financial Call Premium types.
The interactive session is presented in six chapters. You can take the entire series or pick a chapter and focus on a specific topic. Included are interactive exercises to enhance your understanding of the materials—and sessions can be taken at your convenience.
The chapters include:
- Overview—Provides general information about DSR Premium and its purpose.
- DSR Levels—Explains DSR Levels and how to use them in your calculations.
- Active Deviation—Examines Active Deviation History and its role in DSR Premium.
- Deriving Financial Call Premium—A step-by-step tutorial on how to derive the various levels of Financial Call Premium.
- Average Deviation Method—Explains and provides examples to show you how to use the Average Deviation method of deriving DSR Premium.
- Extended Exposures/Hybrid—Walks you through the steps of the Extending Exposures method of calculating DSR Premium, along with an additional hybrid method of calculating DSR Premium.
After you complete the entire series, be sure to download your Certificate of Completion.
It is never too early to start preparing for the next Financial Call season. You can explore other Financial Calls education sessions in the
Data Now Program Resource Library or in the
Learning Center on
ncci.com. Additional sessions include:
- Introduction to Financial Call Reporting
- Financial Data Collection (FDC) Series—Updating Deviations and Entering Data
- Financial Data Collection (FDC) Series—Edit Review, Correcting/Validation Data, and Explanations, and Submitting Calls and Compliance Form
- Financial Call Edits and Validation
- Data Manager Dashboard-Financial Calls and ADQIP