AMAXX

MARCH 10, 2025

Proper layoff planning isn’t just about handling employment transitions; it’s crucial for controlling claims costs and ensuring that resources are available to support genuinely injured workers. Timely processing prevents claims from becoming unnecessarily expensive and ensures each case receives the attention it deserves.

Workers Comp 59

Workers Comp Claim Workers Compensation Injury 59

AMAXX

MARCH 10, 2025

In the first part of our series, we emphasized the importance of thoughtful layoff planning to mitigate the risk of increased workers’ compensation claims following a workforce reduction or facility closure. This reduces the potential for prolonged indemnity claims continuing after layoffs.

Workers Comp 59

Workers Comp Claim Workers Compensation Injury 59

AMAXX

MARCH 24, 2025

This post is one in a 3-part series: Part 1: Workers Comp Independent Premium Audits Explained Part 2: Workers Comp Independent Premium Audits Explained Part 3: Workers Comp Independent Premium Audits Explained To qualify for this treatment, construction employers must keep meticulous records specifying exact hours worked per classification code.

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Workers Comp Premium Workers Compensation Compensation 59

AMAXX

MARCH 11, 2025

Effectively managing workers compensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Surveillance serves as a powerful tool in validating claims, protecting your organizations financial health, and ensuring resources are dedicated to genuinely injured employees.

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Workers Comp Claim Workers Compensation Injury 52

AMAXX

MARCH 4, 2025

However, for many workers, an overwhelming fear of losing their jobs adds unnecessary stress to an already difficult situation. Research has shown that fear of being fired is one of the top predictors of negative claim outcomes, including increased litigation rates and extended time off work. Heres how: 1.

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Workers Compensation Compensation Claim Workers Comp 82

AMAXX

FEBRUARY 24, 2025

However, there are times when the NCM doesn’t serve a specific purpose and is assigned to the claim to get it moving. Ask your third-party administrator or adjuster to work with you to determine when nurses are needed to resolve claims quickly and ensure good-quality medical care for employees.

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Workers Compensation Workers Comp Compensation Claim 66

AMAXX

JANUARY 6, 2025

When embarking on the journey to master workers compensation, the road is well-traveled and marked by proven strategies. Our three components to achieve workers comp mastery are: Framework , Employer Controls , and External Controls. ” “I asked for surveillance on that claim, and they refused.”

Workers Comp 105

Workers Comp Building Workers Compensation Compensation 105

AMAXX

FEBRUARY 18, 2025

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Each classification is assigned a code, which corresponds to a certain level of risk associated with that type of work. The higher the risk, the higher the workers compensation premium for that classification.

Workers Compensation 103

Workers Compensation Compensation Workers Comp Premium 103

AMAXX

MARCH 17, 2025

When applied to workers compensation, understanding these behavioral drivers can reveal how well-intended policies may be unintentionally encouraging behaviors that increase claims, prolong recovery times, or inflate costs. Small injuries go unaddressed, leading to more severe claims down the road. The unintended consequence?

Workers Comp 66

Workers Comp Workers Compensation Injury Compensation 66

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. These discrepancies can lead to unnecessary claims if not identified and addressed by a qualified medical professional.

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Workers Comp Injury Compensation Claim 102

AMAXX

FEBRUARY 18, 2025

Achieving a 90% return-to-work rate within 0-4 days is the gold standard for managing workers’ compensation claims, with best-in-class organizations reaching 95%+. 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 Comp Injury Workers Compensation Compensation 91

AMAXX

DECEMBER 19, 2024

In a workers compensation context, this openness encourages employees to report injuries promptly, identify hazards, and suggest transitional-duty opportunities. Early reporting and hazard mitigation are key to preventing costly claims and minimizing downtime. Hire the Right People: Autonomy thrives on trust.

Workers Comp 98

Workers Comp Workers Compensation Injury Compensation 98

AMAXX

FEBRUARY 10, 2025

Their response in the first moments after an injury determines whether the process leads to a smooth recovery or spirals into an expensive, drawn-out claim. Just as the Eagles didnt let distractions get in their way, companies cant afford to ignore how their leadership shapes workers comp outcomes.

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Injury Workers Comp Workers Compensation Claim 66

AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. and why are we gonna try to get this risk up because you’re saying, hey. So let’s talk about this.

Workers Comp 64

Workers Comp Risk Workers Compensation Injury 64

AMAXX

FEBRUARY 24, 2025

This structured approach allows medical professionals and claims managers to determine the most effective treatments for injured workers, ensuring care aligns with scientifically validated best practices. Guide claims management Identifying when additional medical evaluation or intervention may be necessary.

Workers Compensation 66

Workers Compensation Compensation Workers Comp Injury 66

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.

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Workers Compensation Compensation Workers Comp Broker-Agent 98

AMAXX

JANUARY 14, 2025

Workers’ compensation programs are a cornerstone of workplace safety and risk management. For employers , it mitigates the risk of expensive and protracted litigation that could arise from workplace injuries. Employer Advantages The exclusivity rule saves employers from significant financial and reputational risks.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Injury 98

AMAXX

MARCH 4, 2025

The direct costs of workers’ compensation claims, medical expenses, and lost productivity add up quickly. Strategic Shift: View OSHA compliance not just as risk management but as a differentiator that sets your business apart. Heres how: 1. OSHA Compliance as a Cost-Saving Strategy Workplace injuries are expensive.

Workers Comp 71

Workers Comp Workers Compensation Injury Compensation 71

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 83

Workers Compensation Compensation Claim Workers Comp 83

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

Workers Compensation 52

Workers Compensation Liability Property Damage Inland Marine Insurance 52

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 105

Injury Workers Compensation Compensation Workers Comp 105

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 105

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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Workers Compensation Premium Compensation Workers Comp 91

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. Spotting problem areas and opportunities sooner makes it easier to develop and implement steps to reduce risk pre-loss and better control costs post-loss. Assemble the right team.

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Claim Injury Workers Compensation Risk 75

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.

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Workers Comp Workers Compensation Compensation Claim 40

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.

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Workers Comp Compensation Workers Compensation Injury 94

AMAXX

AUGUST 7, 2024

Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk. Each classification is assigned a code, which corresponds to a certain level of risk associated with that type of work. The higher the risk, the higher the workers’ compensation premium for that classification.

Workers Compensation 102

Workers Compensation Compensation Workers Comp Premium 102

Risk Management Monitor

DECEMBER 20, 2022

A chiropractor, for example, conducted illegal medical evaluations and billed these evaluations, claiming that he was approved as a medical legal evaluator. Provider fraud is increasingly prevalent in California and Florida due to each state’s workers comp rules. So, how can we pin down provider fraud?

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

AMAXX

AUGUST 26, 2024

Oh, by the way, if you file that claim, you know that promotion you were thinking about? In Scenario B , Supervisor B’s proactive approach in seeking immediate medical attention reduces the risk of the injury getting worse. appeared first on Amaxx Workers Comp Blog. That’s not going to work out too well for you.”

Injury 105

Injury Workers Comp Workers Compensation Compensation 105

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. A patient assistant could take over the patient transfer responsibilities, allowing the nurse to continue working without risk of further injury.

Workers Compensation 104

Workers Compensation Compensation Workers Comp Injury 104

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

OCTOBER 24, 2024

Click Link to Access Free PDF Download “8 ‘Think Outside the Box’ Tactics to Settle Workers’ Comp Claims” Take, for instance, an employee who tears their medial meniscus. By offering physical therapy as part of a rehabilitation plan, employers can speed up recovery and reduce the risk of long-term disability.

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Workers Compensation Compensation Injury Workers Comp 105

Rough Notes

DECEMBER 2, 2024

Delivering better workers comp claims analysis by adding data-driven benchmarking and risk mitigation The entire goal of Mod Advisor, an internet-based application, is to simplify and streamline the analysis process.

Workers Comp 40

Workers Comp Claim Risk Commercial 40

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. For additional resources and training, visit WCManual.com.

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Workers Compensation Injury Compensation Workers Comp 59

AMAXX

AUGUST 13, 2024

by Andrea Mills, Chief Client Officer, Ametros Settling a workers’ compensation or liability claim can and should be a win-win for the injured individual and the payer. Fortunately, some experts devote their careers to understanding and alleviating the concerns of injured individuals and helping move claims to settlement.

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Workers Compensation Injury Compensation Claim 104

AMAXX

NOVEMBER 19, 2024

For instance, unions may resist placing an employee in a different role for fear of safety risks. 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 Comp Workers Compensation Injury Building 98

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