How to determine if Lean practices will help your business
In the final analysis, any business has the potential to prosper from Lean. I have never seen a situation where Lean practices would not have a significant impact.
What does an employer need to know about an MCO?
MCOs act as an agent of the BWC to ensure injured workers get the care they need, that providers are paid promptly for service and that the injured worker can return to work safely.
An MCO that understands claim costs, employer premiums is a priority
When employers realize that the handling of workplace injuries today will impact their premium costs for years to come, they look for an MCO that makes a difference.
What are the most expensive workers’ comp claims and how are costs controlled?
Lost time claims are the most expensive workers’ compensation claims and have the greatest impact on an employer’s premium.
Safety first: Implementing a hazard-avoidance company culture reduces costs
One of the best ways to prevent workers’ compensation costs is to avoid accidents in the first place. Businesses spend $170 billion a year on costs associated with occupational injuries and illnesses, according to the Occupational Safety and Health Administration. OSHA, however, also reports that a business can reduce its illness and injury costs by 20 to 40 percent by implementing a safety and health culture.
Evaluating MCOs: Report cards help businesses learn how well claims are handled
Just as school report cards helps parents understand how well their child performs in school, the Ohio Bureau of Workers’ Compensation’s MCO Report Cards help companies understand how well managed care organizations perform on workers’ compensation claims. Available since 1998, these report cards break each organization down by number of employers, number of claims, first […]
Prospective billing: New process offers payment options, reduction in base rates
As part of the Ohio Bureau of Workers’ Compensation ongoing efforts to modernize operations and provide better service to Ohio’s employers, there now is a prospective billing system for private employers.
MCO open enrollment ongoing through May
it’s the Ohio Bureau of Workers’ Compensation’s MCO open-enrollment period. This is the biennial time in which employers can choose to change their managed care organization, and this year, it takes place from May 2-27.
Drug-free safety programs provide discounts, prevent accidents
Drug abuse in your workplace may be more prevalent than you think — 15 to 17 percent of employees in an average U.S. company are substance abusers, according to the Bureau of Labor Statistics.
Transitional work programs can benefit your company
by implementing a transitional work program, employers can potentially reduce their workers’ compensation premiums because they will be reducing both their payments of lost-time compensation and the medical costs on claims.