5% of claims account for 80% of workers’ comp costs, and according to the Journal of Occupational and Environmental Medicine, 60-80% of lost workdays are unnecessary. These statistics illustrate the fact that a small number of claims are costing a large amount of money, and much of this money, time, and frustration is wasted and unnecessary.
This session will cover the tools, techniques, and tactics to identify potentially problematic and expensive claims EARLY in the claim cycle.
This session will cover:
-Quantifying wasted claim dollars on your loss run
-Simple characteristics of typical problematic claimants
-Formal screening tests which deliver results
-Bringing the claims handling team on board with screening tactics
-What to do when an early indicator claim is identified