AMAXX

SEPTEMBER 9, 2024

Medical cost containment is an essential aspect of managing workers’ compensation claims effectively. Various medical cost containment strategies play a pivotal role in managing these claims efficiently. Diagnosis and prognosis remain unclear, or the disability period is disproportionate to the injury.

Workers Comp 73

Workers Comp Injury Compensation Claim 73

AMAXX

NOVEMBER 5, 2024

Successfully settling workers’ compensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. By adhering to a proven four-step process, organizations can consistently achieve better claim outcomes. One key trigger is the injured worker reaching medical stability.

Workers Compensation 94

Workers Compensation Compensation Claim Workers Comp 94

AMAXX

AUGUST 26, 2024

To better grasp this, let’s walk through a hypothetical scenario that illustrates two different supervisor responses to an employee’s injury and explore the potential consequences of each approach. Oh, by the way, if you file that claim, you know that promotion you were thinking about? Quiz: How Would You Respond?

Injury 89

Injury Workers Comp Workers Compensation Compensation 89

AMAXX

JANUARY 13, 2025

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. Lets explore the roles of these critical players in a workers’ compensation system. Their expertise enhances the efficiency and accuracy of the claims process.

Workers Compensation 80

Workers Compensation Compensation Workers Comp Broker-Agent 80

AMAXX

JANUARY 15, 2025

This is the actual costs of the claims that were legitimate claims for workers’ compensation. He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%. So that’s what goes here. This is comes right from your loss run.

Workers Comp 66

Workers Comp Workers Compensation Premium Injury 66

AMAXX

DECEMBER 19, 2024

In the context of workers compensation, fostering a similar collaborative environment can lead to earlier injury reporting, effective hazard identification, and creative solutions for return-to-work programs, ultimately reducing costs. Early reporting and hazard mitigation are key to preventing costly claims and minimizing downtime.

Workers Comp 74

Workers Comp Workers Compensation Injury Compensation 74

LexisNexis

OCTOBER 15, 2024

percent in the year ending March 31, 2024, which will result in an increase in California workers’ compensation temporary total disability (TTD) and permanent total disability (PTD) rates for 2025 work injury claims and other workers’ compensation benefits that are tied to SAWW increases. to $1,680.29 per week to $252.03

Workers Comp 75

Workers Comp Workers Compensation Injury Compensation 75

AMAXX

JANUARY 14, 2025

Workers’ compensation programs are a cornerstone of workplace safety and risk management. While their primary purpose is to ensure employees receive medical and wage replacement benefits for work-related injuries, they also offer critical advantages to employers.

Workers Compensation 67

Workers Compensation Compensation Workers Comp Injury 67

AMAXX

OCTOBER 28, 2024

Every session seemed to touch on AI in some form, particularly in how it’s being used in workers’ comp and claims analysis. However, the principles of workers’ compensation will never change. Workers’ Comp Roundup Blog: [link] Injury Management Results (IMR) Software: [link] ©2024 Amaxx LLC.

Workers Comp 85

Workers Comp Workers Compensation Compensation Injury 85

AMAXX

OCTOBER 15, 2024

One of the most significant challenges for employers today is managing the rising costs of workers’ compensation claims. The price tag associated with these claims can severely impact a company’s bottom line if not controlled effectively.

Workers Compensation 84

Workers Compensation Compensation Workers Comp Injury 84

Word & Brown

DECEMBER 10, 2024

But do you know that Word & Browns partnership with CompNet Insurance Solutions makes it easy for you to offer Workers Comp coverage? You can expand your service to existing clients and attract new clients by broadening your services to include Workers Compensation Insurance. What Is Workers Comp?

Workers Comp 52

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

AMAXX

JULY 30, 2024

And this is by documentation, by risk control systems, by your return to work plans, by your completed first reports of injury, by your injury reports, etcetera, your communication, your protocols, how you’re doing it, what’s your system, why is your mod, you know, at a 1.7, Contact: mstack@reduceyourworkerscomp.com.

Workers Comp 52

Workers Comp Risk Workers Compensation Injury 52

AMAXX

JULY 29, 2024

In the realm of workers’ compensation, the role of an injury coordinator is pivotal. This position is crucial for managing the complex processes associated with workplace injuries, ensuring both compliance with regulations and the well-being of employees.

Workers Compensation 52

Workers Compensation Injury Compensation Workers Comp 52

AMAXX

AUGUST 21, 2024

Reserves are the funds set aside by an insurer to cover the future costs of a claim, including medical expenses, lost wages, and other associated costs. However, even the most experienced adjuster can sometimes under-reserve a claim, leading to financial surprises later on. Is the Cost for the Claim for Life?

Workers Compensation 90

Workers Compensation Compensation Workers Comp Injury 90

Triple-I: Workers Compensation

JUNE 10, 2024

I recently assumed responsibility for forecast modeling of the property/casualty industry, which includes workers comp. According to NCCI, the success of the workers comp line in recent years represents the convergence of three factors: Payroll increases Moderate severity increases, and Larger-than-expected frequency declines.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

New Jersey Workers' Comp

JULY 19, 2024

As the readers know, there are two parts to a workers’ compensation policy. One part is the elective provisions that apply to all claim petitions filed in the Division of Workers’ Compensation. She filed both workers’ compensation claims for these injuries. In the civil lawsuit, Ms.

Injury 52

Injury Claim Compensation Liability 52

AMAXX

OCTOBER 24, 2024

Workplace injuries can have significant financial and operational impacts on businesses, but the cost to the employee is often much greater. From physical pain to financial insecurity, an injury can be life-altering. Despite this, many employers overlook one of the most critical aspects of workplace injury management: rehabilitation.

Workers Compensation 87

Workers Compensation Compensation Injury Workers Comp 87

AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Understanding the importance of quickly reporting claims and reducing lag time is key to preventing such scenarios. Initially, this policy faced controversy and skepticism.

Workers Compensation 52

Workers Compensation Compensation Claim Workers Comp 52

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

Claim 75

Claim Injury Workers Compensation Risk 75

AMAXX

AUGUST 12, 2024

In workers’ compensation, communication with injured workers is a critical aspect that can significantly influence the outcome of a claim. Proper communication helps facilitate a smooth return-to-work process and plays a crucial role in maintaining the injured worker’s morale and engagement with the organization.

Workers Compensation 86

Workers Compensation Workers Comp Injury Compensation 86

AMAXX

NOVEMBER 12, 2024

For every response, Paradigm made a donation—$4,000 in total—to Kids’ Chance of America, a nonprofit dedicated to helping the children of those affected by catastrophic workplace injuries and Paradigm’s core philanthropic partner. Their stories underscored Paradigm’s commitment to a team-based approach to care.

Workers Comp 81

Workers Comp Workers Compensation Injury Compensation 81

Triple-I: Workers Compensation

AUGUST 15, 2023

By Loretta Worters, Vice President, Media Relations, Triple-I When Victoria Aumiller , AIC, WCP, claims specialist, Chesapeake Employers Insurance came to the organization 14 years ago, she didn’t realize how meaningful her job would be. It’s a day of celebration, not only for workers comp.

Workers Comp 40

Workers Comp Workers Compensation Compensation Injury 40

AMAXX

DECEMBER 9, 2024

Some claims do not benefit from having a nurse assigned to the file because the role of educating, advocating, or ensuring compliance with medical treatment is already fulfilled in another manner. He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%.

Workers Compensation 70

Workers Compensation Compensation Workers Comp Injury 70

AMAXX

OCTOBER 8, 2024

Transitional duty allows employees to return to the workplace in a modified capacity while they continue to recover from their injuries. These programs offer significant benefits, not only by speeding up recovery but also by minimizing the financial impact of workers’ compensation claims on employers.

Workers Compensation 76

Workers Compensation Compensation Workers Comp Injury 76

LexisNexis

OCTOBER 8, 2024

of the California workers’ comp Migraine Drug spend and by 2021 it represented 8.8% of California workers’ comp migraine prescriptions but at an average of $617 per prescription it represented 8.6% of workers’ comp Migraine prescriptions, but with an average payment of $1,426 it represented 17.2%

Workers Comp 40

Workers Comp Workers Compensation Compensation Injury 40

AMAXX

SEPTEMBER 3, 2024

Employee Resistance : Sometimes, employees may be hesitant or resistant to returning to work, often due to fear of re-injury, perceived inadequacies in their abilities post-injury, or psychological factors such as anxiety or depression. Contact: mstack@reduceyourworkerscomp.com. All rights reserved under International Copyright Law.

Workers Comp 80

Workers Comp Injury Workers Compensation Compensation 80

AMAXX

DECEMBER 9, 2024

Navigating workers’ compensation claims can be challenging for employers, especially when injured employees struggle to understand or adhere to the medical and administrative processes involved. Nurse Case Management (NCM) offers an effective solution by providing guidance, advocacy, and support throughout the claims process.

Workers Comp 64

Workers Comp Compensation Workers Compensation Injury 64

AMAXX

DECEMBER 2, 2024

Managing work-related injuries and illnesses effectively requires a well-coordinated approach. By adhering to best practices, a medical director can significantly enhance the efficiency and outcomes of workplace injury management ( How to Calculate Cost per FTE Metric to Show Workers’ Comp as Profit Center ).

Workers Compensation 63

Workers Compensation Compensation Workers Comp Injury 63

New Jersey Workers' Comp

JANUARY 13, 2025

In New Jersey, the Workers Compensation Act is the exclusive remedy for injured workers as stated in N.J.S.A. An employee cannot bring a civil suit against an employer or a co-employee alleging bodily injury. There is no coverage under any portion of the New Jersey standard workers compensation policy. In Laidlow v.

Workers Compensation 52

Workers Compensation Claim Injury Compensation 52

Risk Management Monitor

DECEMBER 20, 2022

Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. When facing these claims, members of the claim management team and other interested stakeholders need to identify the issues early on, evaluate and develop defenses, and avoid costly mistakes.

Workers Compensation 52

Workers Compensation Compensation Workers Comp Injury 52

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Frequency: The Stronger Driver of Premiums In the world of workers’ compensation, frequency refers to how often claims are filed.

Workers Compensation 64

Workers Compensation Premium Compensation Workers Comp 64

AMAXX

NOVEMBER 11, 2024

Let’s look at how this issue manifests and how to address it: Wage Continuation Policies : Full salary or benefits exceeding pre-injury earnings can disincentivize returning to work. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.”

Policy 77

Policy Workers Comp Workers Compensation Injury 77

AMAXX

AUGUST 7, 2024

The purpose of these rules is to ensure that employers pay an appropriate premium that reflects the risk of workplace injuries associated with their industry. For example, a construction company would generally have a higher classification rate than an office-based business due to the higher risk of injury on a construction site.

Workers Compensation 73

Workers Compensation Compensation Workers Comp Premium 73

Triple-I: Workers Compensation

JULY 27, 2023

Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. While the broader industry has suffered due to replacement cost trends , the most recent Triple-I Issues Brief shows how workers compensation has benefited from a generally strong economy and, in particular, strong growth in payrolls.

Workers Comp 40

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 40

AMAXX

JULY 8, 2024

Even if it is not an explicit requirement, it should be a starting point for interested stakeholders seeking to defend PTD claims. When looking at job search issues, there are several factors to consider when handling the claim and crafting your defenses. Consideration of the employee’s emotional needs. Work schedule considerations.

Workers Comp 52

Workers Comp Workers Compensation Injury Compensation 52

AMAXX

OCTOBER 9, 2024

This activity ties directly to Paradigm’s key session, Human-Centered Care & Compassion: Real Workers, Groundbreaking Recoveries , where two catastrophically injured workers will share their why, the purpose they have found in the wake of life-changing injuries, and the critical importance of family and a holistic, team-based approach to care.

Workers Compensation 83

Workers Compensation Compensation Workers Comp Injury 83