If you want to bring down the cost of your workers’ compensation insurance in MA, find a good healthcare provider.
Late last year, a record-breaking number of people gathered for the 2015 National Workers’ Compensation and Disability Conference & Expo. The Expo offered a wealth of helpful information, but perhaps one of the most actionable takeaways came from a panel of experts. They discussed how one of the best things to do to manage the cost of your workers’ compensation insurance in MA and across the country is to look carefully at your healthcare provider.
They used our current healthcare system as an example. It’s leveraging Accountable Care Organizations, which looks at the quality of care being provided, to bring down healthcare costs while improving patient satisfaction. So why isn’t workers’ compensation doing the same thing?
It can be – provided you put in the work. By finding the best healthcare providers to treat your injured or ill staff members, you can get shorter claim duration, lower claim costs, fewer missed days of work, and lower litigation rates. How do you find the best providers? Scoring is the solution.
You can score physicians based on their total claims costs, patient satisfaction, and length of claim. Once you identify a few people who are keeping patients happy and helping them get back to work faster (you’ll be surprised how often those things go hand-in-hand), you can give that information to your workers’ compensation provider to make it easier for your staff to see that particular office for their needs.
If you’d like to learn more about getting more out of your workers’ compensation insurance in MA for less money or help scoring physicians, contact PMC Insurance Group. We’re a national leader in finding workers’ comp solutions for businesses and can help you find the best coverage for your team and your bottom line. Call us today!