Injury management program
reduces annual losses from
$163,675 to $6,074 for machine maintenance company
Insured
This machine maintenance company employs 130 people in five states and has
annual revenues of approximately $9 million.
Situation
Because the company is a multi-state risk, injury management was becoming
a problem, especially since there was no onsite claims supervisor at any
of the locations. The result were claims totaling $163,675 in 2005.
Assessment
Certified WorkComp Advisors (CWCAs) reviewed the situation and determined
that the company needed comprehensive injury management services. The company
had a great HR department but lacked the needed knowledge for handling claims
and did not realize how each claim affected the overall cost. Therefore,
a plan was developed to treat each situation as if all the employees were
under one roof.
Solution
A four-step process to handle employee injuries in multiple locations was
established:
1. Trained a Designated Claims Coordinator to oversee ALL claims, instead
of processing claims through individual HR Departments.
2. The Claims Coordinator is proactive and is the key contact with the injured
worker, medical staff, HR Department and insurance adjuster.
3. Initiated a medical-clinical relationship in each state.
4. Implemented a Zero Loss Time program by having jobs inter-related to
expedite a quicker return to work.
Result
By working with the Certified WorkComp Advisors, the company saw losses
of $163,675 in 2005 drop to $18,611 in 2006 and $6,074 in 2007. In addition,
the Mod, which was at .97 in 2006, is expected to drop to .83 in 2008 that
will result in an annual savings of $51,334. |