A recent USI Insurance Services analysis makes the case that two ordinary operational moves, mid-year reserve review and active experience mod management, reliably pull 10 to 30 percent out of workers' comp premium.
The USI piece includes a case study of a $5,400 recovery on a single claim that had already returned the worker to full duty but sat open on the carrier's books, holding reserves in place. One phone call closed the claim. The reserve released. The e-mod moved. The next renewal moved with it.
Cost savings in workers' comp rarely come from the big strategic swing. They come from the operational discipline of checking what is still open, what is still reserved, and whether the number on the file still reflects the reality on the ground.
Atlas runs these reviews as a routine part of the claim lifecycle for clients. Not a special project, not an annual audit, just how the file gets handled.
When was the last time your book was walked line by line for claims that could close today?
Source: USI Insurance Services, Two Strategies to Help Lower Workers' Compensation Costs
#WorkersComp #ManagedCare #ReturnToWork #InjuredWorkers #RiskManagement #ExperienceMod #ReserveManagement
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