The rest of the Workers Comp Risk Management techniques are listed below.
6. Know your adjuster’s name and email address – One of the easiest ways to reduce your Workers Comp costs is to be in contact with your adjuster and vice-versa. Always inform the adjuster of any file developments, good or bad. Facilitating the adjuster’s job will always reap cost savings.
7. Plant or facility nurses – This is an expensive option unless you have centralized employee facilities. Plant nurses are one of the best cost-cutters as many minor claims can be handled in-house. Spending $400 on a deep splinter may not be the best use of funds. Plant nurses can also cover a few facilities if they are centrally located.
8. Walk-in or industrial clinics – This is comparable to one of the Six Keys To Workers Compensation – Medical Networks. If you have an industrial medicine clinic near your facilities and are not using them, most industrial clinics will greet you with open arms. The clinics usually have a marketing person that would love to give you a tour of the facilities. Walk-in clinics are the same if they handle WC files. I recently discussed this technique with a group of safety officers. They were in a remote area and had no walk-in clinics. A local family Doctor may suffice as long as they know you have a return to work program.
9. Second level physicians – The physicians in this group consist of orthopedic surgeons, neurosurgeons, and the more specialized medical facilities. The first level physicians (see #8) need to know your preference for physicians in this level. Directing medical care is possibly the largest cost saver as the medical treatment costs are kept in check. The indemnity cost reductions follow the medical treatment recommendations. I always recommend that the employees receive the best care possible while these cost-cutting measures are put into place.
10. Safety continues after accident. – I have been told by safety consultants and safety personnel in companies that their job stops at the time of the accident. Nothing could be further from the truth. Loss reduction continues after the accident. Making sure the adjuster gets the 1st report of injury and quick medical treatment should still be tracked or facilitated by the safety department. Your job performance is based on injury severity and repetition. The E-Mod is the safety score (of sorts).
There are many more recommendations than just these 10 Workers Comp Risk Management Techniques. Feel free to use the search box above in the top right corner.
Article provided by James Moore, AIC, MBA, ChFC, ARM. All articles are original content. Check out the full website at www.cutcompcosts.com