Workers comp claims can quickly spiral out of control.  According to the 2017 Liberty Mutual Workplace Safety Index, ​​​​workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers $59.9 billion in 2014.  That’s why it’s critical to get your employees back to work as soon as possible after an injury.

Facilitating the process = Lower Cost

Having your risk management partner involved in the claim process every step of the way – including BEFORE a claim even happens – is crucial for cost containment.  The first step in managing a Workers Comp claim proficiently is thorough and prompt data collection and reporting.  A typical Incident Report only gathers basic information, often delaying reporting of the injury to the insurance carrier.  Delayed injury reporting can increase eventual comp claim costs by up to 51% according to the National Council on Compensation Insurance Inc (NCCI).  The Gaudreau Group’s proprietary return-to-work program, People@Work, gets your claim process off to the best possible start by guiding you in gathering all pertinent incident details as well as getting the claim submitted immediately.

Costs can also needlessly rise after the claim is submitted…unless you have consistent and effective facilitation from your risk management partner.  The Gaudreau Group’s program focuses on facilitating the interaction between medical providers, insurance carriers, the injured employee, and your company.  Under our program, doctors focus on finding ways to get your injured employee back to work instead of prolonging their absence, which is all-too-often the case in Workers Comp claims.  A focused and well-planned return to work strategy helps your company be the exception to the rule.  We drive the process, shortening the employee’s absence and lowering costs in several ways:

  • Lower indemnity (lost wages) payments
  • Lower cost of filling the employee’s role with a temporary resource
  • Greatly reduced risk of attorney involvement because employee understands the process.

Not only are your direct costs lowered, but the efforts of everyone involved are streamlined and coordinated.  In part 2 of our Return-to-Work program series, we’ll discuss the critical role risk management partner advocacy and share a case study.

Call us today if you aren’t currently receiving these risk management services.