Integrating Health and Safety Strategies and Solutions
Rising medical costs continue to have a significant impact on workers’ compensation claims. In the past, the indemnity portion of the claim (i.e., lost time and impairment ratings) garnered the larger share of costs. Today, nearly 60% of all workers’ compensation claims dollars pay for actual medical treatment.
While the concept of integrating health plan benefits and workers’ compensation to mitigate risk has been longstanding, barriers that impede progress exist. Whether it is disparate risk management departments within an organization or separate carriers with stringent laws guiding benefit administration, organizations can overcome the various hurdles to integrate and achieve measurable results. In this paper, we highlight the steps necessary for organizations to move from concept to action across a continuum of health and wellness to safety and workers’ compensation.
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