AMAXX

AUGUST 21, 2024

In the complex world of workers’ compensation, setting accurate reserves is a critical task for adjusters. 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. Will the Injury Require Future Medical or Surgical Interventions?

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Workers Compensation Compensation Workers Comp Injury 99

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.

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Workers Compensation Compensation Injury Workers Comp 97

AMAXX

OCTOBER 15, 2024

One of the most significant challenges for employers today is managing the rising costs of workers’ compensation claims. This post will dive into the two primary reasons why workers’ compensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses.

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Workers Compensation Compensation Workers Comp Injury 94

AMAXX

NOVEMBER 5, 2024

Successfully settling workers’ compensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. Identifying red flag cases involving Medicare considerations early on is essential, especially for catastrophic injuries or workers nearing Medicare eligibility. All state laws vary.

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Workers Compensation Compensation Claim Workers Comp 102

AMAXX

JANUARY 20, 2025

In the intricate landscape of workers’ compensation, the pursuit of optimal outcomes for injured workers is paramount. Employers, insurers, and healthcare providers face a delicate balance: ensuring injured workers receive appropriate care while effectively managing costs and promoting timely return-to-work.

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Workers Compensation Compensation Workers Comp Injury 92

AMAXX

AUGUST 7, 2024

When it comes to managing workers’ compensation, understanding classification rules is fundamental. The higher the risk, the higher the workers’ compensation premium for that classification. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk.

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Workers Compensation Compensation Workers Comp Premium 81

AMAXX

OCTOBER 8, 2024

In the world of workers’ compensation, one of the most powerful strategies for managing costs while helping injured employees return to work is the implementation of a transitional duty (TD) program. Transitional duty allows employees to return to the workplace in a modified capacity while they continue to recover from their injuries.

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Workers Compensation Compensation Workers Comp Injury 86

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.

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Workers Compensation Injury Compensation Workers Comp 52

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 ).

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Workers Compensation Compensation Workers Comp Injury 71

AMAXX

FEBRUARY 10, 2025

Supervisors in the workplace, much like a championship teams defense, play a pivotal role in injury management. 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. Research by Scott W. Heres a step-by-step guide for supervisors: 1.

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Injury Workers Comp Workers Compensation Claim 59

AMAXX

DECEMBER 9, 2024

Non-Severe Injuries Without Lost Time Claims involving minor injuries that dont require time away from work typically dont justify the cost of nurse case management. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center. Contact: mstack@reduceyourworkerscomp.com.

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Workers Compensation Compensation Workers Comp Injury 80

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.

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Workers Compensation Compensation Claim Workers Comp 59

LexisNexis

OCTOBER 10, 2024

Rassp, Presiding Judge, WCAB Los Angeles, California Division of Workers’ Compensation Disclaimer: The material and any opinions contained in this article are solely those of the authors and are not the opinions of the Department of Industrial Relations, Division of Workers’ Compensation, or the WCAB, or any other entity or individual.

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Workers Compensation Compensation Workers Compensation Insurance Injury 75

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 67

AMAXX

OCTOBER 28, 2024

The way we implement AI in workers’ compensation — that’s a tactic. However, the principles of workers’ compensation will never change. Remember, workers’ compensation can have a dramatic impact on your company’s bottom line, but more importantly, it can have a life-changing impact on the individuals you serve.

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Workers Comp Workers Compensation Compensation Injury 95

AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. In sum, the employee must be limited by the nature and extent of their work injury, restrictions on activity, and lack of transferable job skills to secure gainful employment near their pre-injury status.

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Workers Compensation Compensation Workers Comp Injury 52

AMAXX

JANUARY 6, 2025

When embarking on the journey to master workers compensation, the road is well-traveled and marked by proven strategies. Common Errors When Getting Started Misidentifying the Problem A common error when reforming a workers compensation program is misidentifying the root cause of challenges. ” “Old claims need resolution.”

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Workers Comp Building Workers Compensation Compensation 90

AMAXX

OCTOBER 7, 2024

Claims audits and reviews are one of the most commonly used tactics by companies to control workers’ compensation costs. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center. You should consult with your insurance broker, attorney, or qualified professional.

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Workers Comp Claim Workers Compensation Compensation 94

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. There are conflicting opinions among treating physicians.

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Workers Comp Injury Compensation Claim 81

AMAXX

DECEMBER 19, 2024

These lessons also extend to reducing workers’ compensation costs through better collaboration and proactive problem-solving. These lessons extend to the implementation of autonomy and building safetytwo critical components of a thriving workplace that directly impact workers’ compensation outcomes.

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Workers Comp Workers Compensation Injury Compensation 84

AMAXX

JANUARY 27, 2025

Revamping a workers compensation (WC) program can transform how companies manage costs and care for injured employees. Misidentifying the Problem A frequent mistake is attributing WC challenges solely to injury management partners or external factors, such as adjuster turnover or physician behavior. Avoiding Common Errors 1.

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Workers Comp Injury Workers Compensation Claim 69

AMAXX

NOVEMBER 26, 2024

Get Immediate Treatment : Ensure that employees have access to immediate medical care following an injury. Implement Pay Without Prejudice : Consider implementing a “pay without prejudice” policy to cover the initial cost of care, regardless of whether the injury is ultimately deemed compensable under workers’ compensation.

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Workers Comp Workers Compensation Compensation Injury 91

AMAXX

SEPTEMBER 10, 2024

” Prompt Appointment Scheduling Time is of the essence when an injury occurs. Willingness to Handle Workers’ Compensation Cases Workers’ compensation cases come with unique requirements and responsibilities. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

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Workers Comp Workers Compensation Compensation Injury 91

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. However, this approach is unproductive. Instead of pointing fingers, focus on constructive dialogue.

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Workers Comp Claim Workers Compensation Compensation 81

AMAXX

FEBRUARY 4, 2025

A structured Return-to-Work (RTW) program is one of the most effective ways to reduce workers’ compensation costs and improve employee recovery outcomes. Return to Original Position Upon Full Recovery Once the employee reaches maximum medical improvement (MMI) , they return to their pre-injury job. All state laws vary.

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Workers Comp Workers Compensation Injury Compensation 72

AMAXX

AUGUST 12, 2024

In workers’ compensation, communication with injured workers is a critical aspect that can significantly influence the outcome of a claim. Start Early and Stay Consistent Initiate Contact Immediately The communication process should begin as soon as the injury is reported. Contact: mstack@reduceyourworkerscomp.com.

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Workers Compensation Workers Comp Injury Compensation 96

AMAXX

NOVEMBER 12, 2024

Portraits of Purpose” engagement activity at Paradigm’s booth, invited participants to share the driving force behind their work in the workers’ compensation industry. Alexander Borges and Aaron James are living proof that with the right care and support, even the most catastrophic injuries can lead to incredible recoveries.

Workers Comp 91

Workers Comp Workers Compensation Injury Compensation 91

AMAXX

FEBRUARY 17, 2025

When a worker is injured, their experience in the workers’ compensation system can have a profound impact on their recovery, return to work, and overall job satisfaction. These concerns could be addressed proactively with a structured post-injury communication plan.

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Workers Comp Claim Workers Compensation Injury 59

AMAXX

SEPTEMBER 3, 2024

Return to Work (RTW) programs are essential components of an effective workers’ compensation system. 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.

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Workers Comp Injury Workers Compensation Compensation 89

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%+. Consider Psychosocial Factors Recovery from work injuries is often influenced by psychological and social barriers that go beyond physical healing.

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Workers Comp Injury Workers Compensation Compensation 67

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. For example, American Airlines, which has one of the best injury management programs in the country, refers every lost-time claim.

Workers Comp 71

Workers Comp Workers Compensation Compensation Injury 71

AMAXX

JANUARY 27, 2025

Michael Stack, CEO of Amaxx LLC, is an expert in workers compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers compensation costs by 20% to 50%. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

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Workers Comp Workers Compensation Injury Compensation 69

AMAXX

NOVEMBER 11, 2024

Returning an injured employee to work is a critical aspect of workers’ compensation management. 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. Contact: mstack@reduceyourworkerscomp.com.

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Policy Workers Comp Workers Compensation Injury 87

AMAXX

FEBRUARY 11, 2025

On occasion, work injuries arise for employees traveling in motor vehicles. As a general rule, workers compensation insurance is the primary insurance, which requires the claim team to investigate and make determinations regarding compensability and subrogation rights.

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Workers Compensation Workers Comp Injury Compensation 52

Word & Brown

DECEMBER 10, 2024

All businesses with workers in California and Nevada are required to have Workers Compensation Insurance. But do you know that Word & Browns partnership with CompNet Insurance Solutions makes it easy for you to offer Workers Comp coverage? California adopted several workers compensation laws in the 1910s.

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Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

LexisNexis

OCTOBER 22, 2024

By Julius Young, Richard Jacobsmeyer, Barry Bloom, Editors-in-Chief for Herlick, California Workers’ Compensation Handbook [Note: This article is excerpted from the upcoming 2025 edition of Herlick, California Workers’ Compensation Handbook. Since 2020, many workers’ compensation stakeholders have changed their operational models.

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Workers Compensation Compensation Claim Injury 40

AMAXX

FEBRUARY 10, 2025

Michael Stack, CEO of Amaxx LLC, is an expert in workers compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers compensation costs by 20% to 50%. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

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