The WC Roundup is proud to be hosting the 207th Cavalcade of Risk. This bi-weekly blog is a collection of risk-related posts covering topics from finance, to insurance, to health.
Can Workers’ Comp Learn from the Army’s Wounded Warrior Program?
Blog: From Bob’s Cluttered Desk, http://www.workerscompensation.com/compnewsnetwork/from-bobs-cluttered-desk/
Author: Robert Wilson
Words matter, particularly in the realm of claims management, outcome expectations and human relations.
My Bleeding (404Care.gov) Heart
Blog: InsureBlog, http://insureblog.blogspot.com/
Author: Henry Stern, LUTCF, CBC
Does the ACA website leave users vulnerable to the Heartbleed virus? InsureBlog’s Henry Stern reports that the folks who run it think so, and are offering potentially dangerous advice about it.
CrowdMed
Blog: Healthcare Economist, http://healthcare-economist.com/
Author: Jason Shafrin
What is the risk you have a disease? Typically, a doctor will provide you with these odds, but that may not longer be the only source for this information. The Healthcare Economist reviews a new website that harnesses the wisdom of the crowd to identify the risk you have a disease.
How Much Life Insurance Should Parents Buy?
Blog: The Insurance Protection Blog, http://www.weissins.com/blog
Author: R.J. Weiss
How parents can approach calculating their life insurance needs.
Discovering What We Don’t’ Know About Risk-Adjustment for Hospital Readmission Rates in Medicare
Blog: The Population Health Blog, http://diseasemanagementcareblog.blogspot.com/
Author: Jaan Sidorov
In this post, Dr. Sidorov reviews a recently published article that found that county level population factors – that are way outside of the control of hospitals – account for more than half the variation among hospitals’ readmission rates. That means that the underlying factors of poverty and the availability of other health care services are not being accounted for by Medicare’s risk-adjusted program that financially penalizes hospitals for higher than average readmission rates. Will the mandarins who run CMS read this article and change how their incentives are unfairly harming some hospitals? Stay tuned!
Full Limits Stress Test – Where Solvency and ERM meet
Blog: Riskviews, http://riskviews.wordpress.com/
Author: Dave Ingram
Besides being a “good thing to do”, ERM can be directly linked to solvency tests of insurers in a way that directly influences the amount of capital needed for an insurer.
Venture capital fantasyland: Venrock’s proposal to reform drug development
Blog: Health Business Blog, http://healthbusinessblog.com/
Author: David Williams
Two prominent venture capitalists who wrote a perspective in NEJM should be ashamed of themselves for proposing to lower the safety threshold for new drugs while enriching themselves.
Where’s Aristotle When ABC Needs Him?
Blog: Workers Comp Insider, http://www.workerscompinsider.com/
Author: Tom Lynch
Here’s a slightly off-the-beaten track risk: the risk of unintended consequences from appearing on a TV game show. Case in point: a woman caught in workers comp fraud while appearing on the Price is Right. Tom Lynch offers his perspective on fraud in his post at Worker’s Comp Insider.
Experience Modification Factor Multiplies Work Comp Savings
Blog: Workers Comp Roundup, https://blog.reduceyourworkerscomp.com/blog/
Author: Michael B. Stack
To calculate your workers compensation insurance premium, the insurance company takes into consideration three things – the type of business you are in, the total amount of your company’s payroll and your experience modifier. The only one of the three things the employer has control over (without reducing payroll) is the experience modifier (also referred to as the experience modification factor). loss experience.
The WC Roundup is proud to be hosting the 207th Cavalcade of Risk. This bi-weekly blog is a collection of risk-related posts covering topics from finance, to insurance, to health.
The next host is Jason Fisher at Waterway Financial, http://www.waterwayfinancialgroup.com/blog/
Author Rebecca Shafer, JD, President of Amaxx Risk Solutions, Inc. is a national expert in the field of workers compensation. She is a writer, speaker, and publisher. Her expertise is working with employers to reduce workers compensation costs, and her clients include airlines, healthcare, printing/publishing, pharmaceuticals, retail, hospitality, and manufacturing. She is the author of the #1 selling book on cost containment, Workers Compensation Management Program: Reduce Costs 20% to 50%. Contact:RShafer@ReduceYourWorkersComp.com.
Editor Michael B. Stack, CPA, Principal, Amaxx Risk Solutions, Inc. is an expert in employer communication systems and part of the Amaxx team helping companies reduce their workers compensation costs by 20% to 50%. He is a writer, speaker, and website publisher. www.reduceyourworkerscomp.com. Contact: mstack@reduceyourworkerscomp.com.
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