If you’re like most healthcare organizations, workers’ compensation is a significant cost burden. And because workers’ comp is a legal requirement, you might think you don’t have any options to manage and mitigate that cost.
Actually, many mid-sized healthcare providers pay tens (or hundreds) of thousands of dollars in unnecessary workers’ comp costs every year, due to waste and inefficiency.
We have deep experience identifying excessive costs and implementing effective solutions for workers’ comp. We partner with leading actuaries and specialists to tailor your workers’ comp program to provide optimal financial results for your organization.
Our workers’ compensation insurance services include:
- Reviewing your program structure and historical claims data to determine the optimal, most cost-efficient structure.
- Calculating your experience modification (e-mod) factor to ensure that you don’t overpay for workers’ comp premiums.
- Analyzing your claims and risk management processes to identify opportunities to reduce claim frequency and severity.
- Conducting a competitive bidding process for brokers, third-party administrators, actuaries, and other vendors to ensure you receive the best service at the lowest cost.
- Developing a management dashboard to monitor and track the performance of your workers’ comp program against your organizational goals.
We are so confident in our ability to manage your workers’ comp costs, we can structure our services on a contingency basis, with no upfront cost to you.
