Lower WC Costs 20% to 50% - Reduce Workers Compensation Expense Step by Step
Rebecca Shafer, author of Your Ultimate Guide to Mastering Workers’ Comp Costs – Reduce Costs 20% to 50%, is a featured workers compensation expert in the LexisNexis® Legal Newsroom. Here are a few of her recent articles:
According to an NCCI study, “medical expenditures [are] growing at a faster rate than indemnity benefits in workers compensation… which have been a significant driver of medical costs.”
In NCCI’s initial 2003 report, they concluded that “utilization (as opposed to price) increases were the driving force behind total per-claim workers compensation Rx cost increases.” Furthermore, in their most recent study, “NCCI demonstrated that increased physician dispensing is associated with increased drug costs per claim.”
Does your company have a plan in place to manage prescription drug use and abuse as it relates to Workers Compensation?
If you answer “No” to any of the following questions, read on to find out how the Your Ultimate Guide to Mastering Workers’ Comp Costs guidebook can help you.
The 2013 edition of Workers Compensation Management Program addresses ALL of these questions (and more) while walking you through the process of setting up appropriate procedures to reduce your WC costs 20%-50%.
Now, thru December 31, 2013, get the #1 selling WC cost containment guide for $100 off.
To purchase a copy, CLICK HERE.
Topics covered includes:
Related guidebook chapter summary:
Managing Prescription Drug Use and Abuse: Implementing a Pharmacy Benefits Management Program
Books are available in bulk with your branding printed on the front and back covers. Learn more.
The “Mini-Book” provides an abbreviated version of our complete manual’s 18 chapters and is a great handout for your clients. Each chapter is summarized onto one page for concise, valuable information at their fingertips.
An article by Rebeccas Shafer, Professional Employer Organizations (PEOs) In Workers Compensation, was recently featured in the Workers Compensation Law section of the LexisNexis® Legal Newsroom.
The article provides information about a PEO’s co-employer status and how they use economies of scale and other procedures to contain workers compensation costs.
The article also contains important information to review if you are considering a PEO as an alternative to your current workers’ compensation insurance program.
Read the full article: Professional Employer Organizations (PEOs) In Workers Compensation
Take advantage of this end-of-year special offer while supplies last of the 2013 Workers’ Compensation Management Guidebook, which includes 80 new topics, helps employers cut workers comp costs 20% to 50%. Amaxx and Advisen have collaborated to provide cost-reduction tools for employers, insurance brokers, TPAs, carriers and consultants.
Don’t miss out! Now, thru Dec. 31, 2013
Now just $149 (or $124 for RIMS members).
Bulk pricing and customized covers for agents, brokers and associations are available.
Employers, TPAs, insurance brokers, consultants and insurers will find the book to be an information goldmine.
The 200-page guidebook walks the reader step-by-step through how any employer can develop and run a successful workers’ compensation cost-containment program. Dozens of cost-reduction techniques are covered along with details for implementation.
New topics include:
NEW YORK—Jan. 14, 2013 – The 2013 version of Workers’ Compensation Management Program is an expanded guidebook offering detailed steps on how to develop a workers’ compensation cost-containment program proven to cut costs 20 percent to 50 percent.
Written by Amaxx Risk Solutions, the 200-page guidebook (www.WCManual.com) is based on years of field research and implementation. Its step-by-step guidelines show how any employer can develop and run a successful workers’ compensation cost-containment program. Dozens of cost-reduction techniques are covered along with details for implementation.
Employers, TPAs, insurance brokers, consultants and insurers will find the book to be an information goldmine.
New topics include Defenses to Workers’ Compensation Claims, Waiting Periods, Claims Leakage, Claims Reserving, Claim Plans of Action, How to Select a TPA and Evaluate a TPA, Alternative Markets, Monitoring the Workplace, Social Media and Medical Records, Reducing Worker Dependence on Opioids, Wellness Programs, Drug Testing, Structured Settlements, Social Security Disability Offsets, Pre-employment Screening, Federal Employee Compensation Act, and Glossary of Abbreviations.
The Facilitator’s Agenda has been newly customized to be used with the book as a training program.
A single copy costs $299 here: BUY BIG BOOK NOW.
Bulk pricing and customized covers for agents, brokers and associations are available for as low as $49.
For 25 years, Amaxx has helped companies in all industries reduce workers’ compensation costs. Companies working with Amaxx consultants have consistently cut workers’ comp costs from 20% to 50%.
Advisen manages business information and market data for the commercial insurance industry and maintains critical risk analytics and timesaving workflow tools for over 530 industry-leading firms and is the technology partner of Amaxx Risk Solutions. Advisen (www.advisen.com) is headquartered in New York. Media Contacts:
Henry Stimpson, Stimpson Communications, 508-647-0705, [email protected]
Michael Stack, Director of Operations, Amaxx, LLC, MStack@ReduceYourWorkersComp.
The documents referenced in the book include:
After implementation, the company should be able to demonstrate results through declining injury rates, a shift in the Return to Work Ratio showing that most injured employees return to work sooner, and a significant decline in the Cost Per Employee (discussed in Performance Goals Module).
Workers’ Compensation Improvement Plan Steps Assessment & Recommendation Design & Development Training & Implementation Monitoring & Management 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
