Eleven Areas to Review in Work Comp Cost Containment

Reducing workers comp costs is a comprehensive process however, the same elements tend to drive workers' comp costs from company to company. What areas should be reviewed? 1– management commitment, resources and awareness 2- employee communication 3- the first 24 hours after a claim (post-injury process) 4- insurance company integration and knowledge of vendor resources including account instructions and file reviews 5- return to work and transitional duty 6- use of medical personnel, medical networks and medical care coordination 7-experience modification reviews 8-controlling fraud and abuse 9-supervisor role and training 10-appropriate use of data including allocation systems, using enough (but nottoo much) data to convey the problems to management 11-hiring qualified workers Try the WC Cost Calculator to show the REAL COST of work comp. Look at WC 101 for the basics about workers comp. Workers' Comp Kit^® is a web-based online Assessment, Benchmarking and Cost Containment system for employers. It provides all the materials needed to reduce your costs significantly in 85% less time than if you designed a program from scratch. Do not use this information without independent verification. All state laws are different. Consult with your corporate legal counsel before implementing any cost containment programs. ©2008 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law. If you would like permission to reprint this material, contact I[email protected]