Claim, Insurance Broker and Workers Comp - Insurance Industry Brief

Workers’ Comp Claims Audit: Initial Action Plan Checklist

AMAXX

OCTOBER 7, 2024

Claims audits and reviews are one of the most commonly used tactics by companies to control workers’ compensation costs. In fact, according to the RIMS 2009 Annual Benchmark Survey, 90% of companies had conducted a claim audit or review of at least some of their claims within the previous six months.

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Best Practices to Prepare for a Workers’ Comp Claim Audit or Review

AMAXX

OCTOBER 1, 2024

When managing workers’ compensation, a claim audit or review is a crucial opportunity for employers, carriers, TPAs (Third-Party Administrators), and brokers to come together and optimize claim-handling practices. Here’s how to effectively plan and prepare for a successful claim audit or review.

Workers Comp

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Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

AMAXX

SEPTEMBER 10, 2024

Efficient Communication of Medical Records Communication is critical, especially when it comes to sharing medical records with insurance claims adjusters or your company. By streamlining this process, the provider helps ensure smooth claims management, reducing delays in treatment authorization or return-to-work decisions.

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5 Proven Strategies for Physician Oversight to Contain Workers’ Comp Medical Costs

AMAXX

SEPTEMBER 9, 2024

Medical cost containment is an essential aspect of managing workers’ compensation claims effectively. Employers and insurance companies face the challenge of controlling medical costs while ensuring that injured employees receive the care they need. A timely review could have prevented an unnecessary claim.

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Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

JULY 30, 2024

He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center. All state laws vary.

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Two Main Reasons Why Workers’ Compensation Costs Skyrocket

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

Workers Compensation Compensation Workers Comp Injury

Avoid 2 Common Pitfalls That Delay Care in Workers’ Compensation Claims

AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Unfortunately, a common procedural mistake can leave employees in a painful and detrimental limbo: the delay of care due to technicalities in insurance coverage.

Workers Compensation

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Workers’ Compensation Post-Injury Response Procedure: A Key to Effective Injury Management

AMAXX

SEPTEMBER 16, 2024

Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers’ Comp In 90 Days” The Importance of a Consistent Post-Injury Response A well-documented and standardized post-injury response plan offers multiple benefits. This prevents delays and ensures that the process moves forward efficiently.

Injury

Injury Workers Compensation Compensation Workers Comp

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected

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?

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Workers Compensation Compensation Workers Comp Injury

Effective Communication with Injured Workers: Best Practices for Success

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 Comp

Workers Comp Workers Compensation Injury Compensation

The Role of an Injury Coordinator in Workers’ Compensation Management

AMAXX

JULY 29, 2024

Claims Management Oversee the workers’ compensation claims process, ensuring timely filing and follow-up. Work with insurance adjusters and third-party administrators to manage and resolve claims efficiently. You should consult with your insurance broker, attorney, or qualified professional.

Workers Compensation

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2 Major Types of Transitional Duty in Workers’ Compensation

AMAXX

OCTOBER 8, 2024

These programs offer significant benefits, not only by speeding up recovery but also by minimizing the financial impact of workers’ compensation claims on employers. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.”

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Workers Compensation Compensation Workers Comp Injury

Part 1: Permanent Total Disability in Workers’ Compensation: Now What?

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.

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Workers Compensation Compensation Workers Comp Injury

Part 3: Permanent Total Disability – Other Defenses to Consider

AMAXX

JULY 9, 2024

Defending Permanent and Total Disability (PTD) cases presents many challenges for the claim management team and other interested stakeholders. These matters must be considered when seeking to maximize the efficiency of any workers’ compensation program and reduce costs. There are many defenses to these claims to consider.

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Workers Compensation Workers Comp Injury Compensation

The Importance of Return-to-Work Programs

AMAXX

JULY 23, 2024

Effective Return-to-Work programs can significantly reduce the costs associated with workers’ compensation claims. Studies have shown that a small percentage of workers’ compensation claims account for a large portion of the costs. times the direct costs. However, this probability dropped to 55.4%

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Part 2: Permanent Total Disability – Focus in On Job Search

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. Taxable earnings. Writing the best possible cover letter is also crucial.

Workers Comp

Workers Comp Workers Compensation Injury Compensation

Understanding Classification Rules in Workers’ Compensation

AMAXX

AUGUST 7, 2024

Consult with Experts : If you’re unsure about your business’s correct classification, it’s wise to consult with a workers’ compensation expert or your insurance broker. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

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Workers Compensation Compensation Workers Comp Premium

Quiz: Supervisor Response to a Workplace Injury – How Would You Respond?

AMAXX

AUGUST 26, 2024

Oh, by the way, if you file that claim, you know that promotion you were thinking about? He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” You should consult with your insurance broker, attorney, or qualified professional.

Injury

Injury Workers Comp Workers Compensation Compensation

Navigating Difficult Return to Work Scenarios: Strategies and Best Practices

AMAXX

SEPTEMBER 3, 2024

He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

Workers Comp

Workers Comp Injury Workers Compensation Compensation

Navigating the Conflicting Roles of Supervisors in Workplace Injury Management

AMAXX

AUGUST 27, 2024

He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center. All state laws vary.

Injury

Injury Workers Comp Workers Compensation Compensation

Understanding the Impact of Frequency and Severity on Workers’ Compensation Premiums

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.

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Insurance Industry Brief

Workers’ Comp Claims Audit: Initial Action Plan Checklist

Best Practices to Prepare for a Workers’ Comp Claim Audit or Review

Trending Sources

Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

5 Proven Strategies for Physician Oversight to Contain Workers’ Comp Medical Costs

Workers’ Comp Cost Formula To Accurately Assess Your Risk

Two Main Reasons Why Workers’ Compensation Costs Skyrocket

Avoid 2 Common Pitfalls That Delay Care in Workers’ Compensation Claims

Workers’ Compensation Post-Injury Response Procedure: A Key to Effective Injury Management

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected

Effective Communication with Injured Workers: Best Practices for Success

The Role of an Injury Coordinator in Workers’ Compensation Management

2 Major Types of Transitional Duty in Workers’ Compensation

Part 1: Permanent Total Disability in Workers’ Compensation: Now What?

Part 3: Permanent Total Disability – Other Defenses to Consider

The Importance of Return-to-Work Programs

Part 2: Permanent Total Disability – Focus in On Job Search

Understanding Classification Rules in Workers’ Compensation

Quiz: Supervisor Response to a Workplace Injury – How Would You Respond?

Navigating Difficult Return to Work Scenarios: Strategies and Best Practices

Navigating the Conflicting Roles of Supervisors in Workplace Injury Management

Understanding the Impact of Frequency and Severity on Workers’ Compensation Premiums

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