The National Council on Compensation Insurance (NCCI) has released a report (June, 2009) that shows compelling evidence that the growth rate of the workplace injury and illness incidence rates drop during recessions. In addition, the study finds that these incidence rates rise during economic recoveries. At the same time, there is a widely held belief that layoffs, which tend to peak in recessions, lead to spikes in workers compensation claims.
The analysis attempts to reconcile the two opposing perceptions of the effect of an economic downturn on the growth rate of the reported workplace injury and illness incidence rate by studying how it is affected by changes in the rates of job creation, which may relate to an increase in the proportion of workers who are inexperienced in their current job and more likely to sustain a workplace injury, and job destruction, as employees affected by layoffs look to workers compensation for wage continuation.
Read the entire report at: www.ncci.com
Friday, June 12, 2009
Tuesday, June 9, 2009
Productive Integration - With Proven Results
Occupational Health Plan, Inc. (OHP) was founded in 1991 based on the recognition that Workers' Compensation costs were crippling businesses and medical providers were not positioned or empowered to resolve the escalating cost issue for employers. Since inception, OHP has been reducing Workers' Compensation and Disability cost for Ohio employers through the integration of Employer Policies, Claims Administration, and Local Medical Provider Partnerships.
OHP's Mission is to provide integrated Workers' Compensation Risk Management Services to employers that supports: High Quality Medical Care; Objective Disability Management; and Cost Effective Outcomes.
OHP is results oriented. We establish a pro-active risk management environment with the employer, employees, and local providers that changes the culture of claim cost control. We believe that Workers' Compensation cost control is best achieved through a coordinated relationship between medical providers and employers. To better coordinate these relationships and to offer employers and providers a comprehensive and integrated approach to managing Workers' Compensation costs, Vantage Occupatinal Health Plan (VOHP) and Occupational Risk Management (ORM) were created as affiliated companies to help realize the Mission.
OHP's Mission is to provide integrated Workers' Compensation Risk Management Services to employers that supports: High Quality Medical Care; Objective Disability Management; and Cost Effective Outcomes.
OHP is results oriented. We establish a pro-active risk management environment with the employer, employees, and local providers that changes the culture of claim cost control. We believe that Workers' Compensation cost control is best achieved through a coordinated relationship between medical providers and employers. To better coordinate these relationships and to offer employers and providers a comprehensive and integrated approach to managing Workers' Compensation costs, Vantage Occupatinal Health Plan (VOHP) and Occupational Risk Management (ORM) were created as affiliated companies to help realize the Mission.
Labels:
group rating,
Integration,
MCO,
Ohio BWC,
Penalty Rated,
TPA,
workers' comp,
workers' compensation
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