Your company’s workers’ comp costs are skyrocketing out of control! While you are not expected to know everything about workers’ compensation, you should know where you can get the help you need to control those costs – the Workers’ Comp Kit®. As part of the learning process the Workers’ Comp Kit® provides the materials and support needed to successfully implement a Workers Compensation Management …
Archives for 2012
Workers Compensation Abbreviations And Terminology
Workers Compensation Abbreviations And Terminology Terms Description ADA Americans with Disabilities Act AHI Account Handling Instructions AME Agreed Medical Exam ARE Actual Reduced Earnings ASI Account Service Instructions AWW Average Weekly Wage C/R Causal Relationship or Causally Related CIB Central Index Bureau DOI Date of Injury DOL Date of Loss Dx Diagnosis EE Employee ER …
Glossary of Workers Comp Premium Terms
Medical Cost Containment Strategies
Look at the Total Loss Costs (TLC), Not Just the Line-by-Line Items. The best technique to control medical costs in workers’ compensation is a Total Loss Cost (TLC) approach. To be truly effective in controlling the medical cost of workers’ compensation, employers and insurers should not limit their medical cost containment efforts to only one …
Management Roles and Responsibilities In A Workers Compensation Program
Employers who take control and direct the management of their workers compensation injury claims are most likely to see the best results in cost savings. The personnel involved often include the workers compensation claim coordinator, the floor or field supervisors, mid-management, medical personnel, legal, senior management and even the employees. Management Roles and Responsibilities The …
Proven Strategies & Tactics to Lower Workers Comp Costs
TALK TO AN EXPERT FOR FREE Chat: Click for Live Chat Phone: 207-281-2599 Email: info@ReduceYourWorkersComp.com
Workers’ Compensation Resource Links (Beta)
Use these three links to scroll down to dozens of useful, categorized WC links or visit the Workers Comp Resource Center Reference Room just below. WC Resource Links Insurance & Risk Organization Links Safety, Health, & Wellness Links Workers Comp Resource Center Reference Room 50 State Laws & Regulations View current statutes and regulatory rules …
Phase 1: Assessment & Recommendation
Workers’ Comp Improvement Plan – Phase One Team Selection and Information Gathering Phase One – Steps 1 through 9 The steps in the Assessment & Recommendation Phase involve selecting a team and gathering information about your current program, including vendor partners, associated claims, and reported losses. STEP 1: ASSEMBLE PROJECT TEAM The Injury Management Planning …
Phase 2: Design & Development
Workers’ Comp Improvement Plan – Phase 2 Program Material Development Phase Two – Step 10 The steps in the Design & Development Phase involve developing all materials (templates, forms, sample letters, etc.) that will be used through the life of the program. STEP 10: DESIGN FORMS AND PROCEDURES Many forms will be designed during this …
Phase 3: Training & Implementation
Workers’ Comp Improvement Plan – Phase 3 All Employees from Top to Bottom Phase Three – Steps 11 through 13 The steps in the Training & Implementation Phase involve a training program for all employees from top management to individual workers who are involved in the workers’ compensation/injury management process. Employees will be up-to-date and …
