I go to the National Workers' Compensation and Disability Conference & Expo (NWCD Conference) either in Chicago or Las Vegas at least every other year. I went last year and I'll be going this year. This year it's in Las Vegas, November 10 to 12, 2010 at the Las Vegas Convention Center. You might wonder why someone who is an expert in workers compensation cost containment still attends conferences and seminars, and that's a good question. MSRIRIMs . … gommgoes to the conference and attururutt wonder why someone who is a workert
One of my favorite saying is "You don't know what they don't know!" One of the things I recommend to everyone who is new to the workers compensation field or manages workers compensation for a company is to attend either RIMS and NWCD Conference often to learn what is available in the field. I still attend to learn new techniques, to meet new vendors, and to find out their latest service enhancements.
When I went to law school they didn't teach us about risk management, nor did they teach us how to manage a workers compensation program, so I learned from the ground up, by attending RIMS in the spring and NWCD Conference in the fall. That's how I learned the field. Last year, for example, I attended RIMS in Boston and NWCD Conference in Chicago. In Chicago, I focused on sessions about the Federal Workers Compensation system and FECA to learn more about the similarities and differences. When I was new to workers comp, I came home with my bags loaded with brochures about new services. How could I possibly request an off-site vendor be added to my list of service providers if I didn't know there was such a service? How could I have asked for nurse triage if I didn't know the service existed? How could I ….. you get the point. You don't know what you don't know. Sure, I pass my business card out and network a lot at the conference, too, but that's part of the business. You meet knowledgeable poople and when you encounter a problem, those people are there to support you and give you suggestions on how to overcome the "obstacle-du-jour."
I speak daily with companies unhappy with their TPA or insurance carrier, but don't know the basics of cost containment. If you are even thinking of changing carriers or TPAs, I suggest you attend the sessions at the conference to make sure you are on the righ track. One thing I see VERY often is employers have misidentified their cause of their high work comp costs. They think it's the nurse case management or bill review that's driving the cost, when it is really poor management and operational practices.
I roamed through the exhibit hall speaking to vendors and learning about the types of services that were available to reduce my workers comp costs. Workers Comp Managers get so busy setting up their programs they don't have time to learn all the techniques available to them. If your upper management is trying to cut costs yet not encouraging or allowing conferences, use the calculator at the bottom of this article to show them that the reduction in the cost of ONE claim will cover the cost, and a reduction of 20 – 50% of your loss costs will make the shareholders very pleased. YOU can achieve those results by learning all you can about the process.
The National Workers' Compensation and Disability Conference & Expo is the the nation's leading conference for claims professionals to learn everything from the basics to more advanced strategies about workers compensation cost containment. RIMS is great, too, of course. The difference is RIMS covers all lines of insurance, whereas NWCD Conference covers only workers comp and disability. It's a good way to jump in the water!
In fact, I am so adamant that a new workers comp manager should attend to learn the ropes, that I have offered to speak with several colleagues bosses to tell them how important it is. In the 2009 RIMS Benchmark Survey, risk managers who responded to the survey overwhelmingly said that conferences were the #1 way they learned about workers compensation cost containment.
Here's what you'll get out of this conference:
1. Expand your knowledge and gain new solutions directly related to:
a. workers compensation
b. disability management
c. return-to-work programs
2. Attendees, from CEOs and attorneys to risk managers and disability claims analysts, will find answers to many of their specific challenges throughout the conference's five program tracks:
Better Claims, Management/RTW Strategies, Data Analysis, Solving Legal/Regulatory Issues, Medical/Behavioral Solutions, and Strategic View
3. There are 33 breakout sessions organized by type and level to accommodate a range of learning styles and experience. You'll literally be able to spend the entire time going from session to session, and getting great presentation materials to take notes on.
Session Highlights include:
"Needle-Moving States: Developments That Drive the Nation,"
"Medicare Set-asides/SCHIP Summit Meeting" from the Solving Legal/Regulatory Issues
"60 Cost Containment Tips in 60 Minutes" from the Better Claims Management
Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers' comp issues.
©2010 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law. If you would like permission to reprint this material, contact Info@ReduceYourWorkersComp.com
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