What About A Mid-Year Claim Review?

Conducting a mid-year claims review for worker’s compensation insurance offers several benefits to our clients:

1. Early Detection of Red Flags: It helps in identifying any red flags or treatment issues early on, which can lead to better handling of subsequent claims1.

2. Cost Reduction: By addressing issues promptly, clients can avoid unnecessary medical care, thereby reducing costs1.

3. Expedited Recovery: The review process can expedite the employee’s recovery by ensuring they receive the best medical options available1.

4. Operational Improvements: It provides an opportunity to make targeted adjustments to operations, which can help in reducing the incidence of claims2.

5. Financial Accuracy: Clients can reassess reserves to improve financial and balance sheet impacts, ensuring that premiums reflect the actual exposure2.

6. Strategic Planning: The review allows for strategic planning and alignment of the claims process with the company’s objectives2.

7. Effective Use of Time: When done correctly, with decision-makers present, it can be an effective use of time, leading to actionable changes3.

Overall, a mid-year review is a strategic tool that can lead to significant improvements in the management of worker’s compensation claims. Give us a call as we would be happy to review your current claims history and advise of you a pathway forward.