The Workers’ Compensation Benchmarking Study from Rising Medical Solutions has released its fifth consecutive year of data — which has been crunched to reveal the definitive best practices in workplace injury prevention. Key among them is that today’s top performing claims organizations are those who invest in advanced IT tools and techniques to better manage outcomes.
Only 24% of industry payers achieve top performer status, leaving over three-fourths of claims organizations falling behind on performance. To close the gap, the study recommends these organizations equip their claims talent with the metrics-gathering tools that will boost their knowledge and abilities.
What activities differentiate the top performers from less successful organizations? Here are some of the data investments savvy companies are making:
As specialists in analyzing outcome data, WorkWell understands its importance and we were delighted to see this study confirm its usefulness. In fact, we start every client conversation by discussing outcome measurement for musculoskeletal injury prevention and treatment programs. The big question—if you can’t objectively measure your program, how can you optimize results?
So how do you begin to focus your organization on an outcome-based approach? Start with a deep dive into your own data. You’ll learn what’s working and what isn’t, and where you can best channel limited resources and dollars. Strive to get an objective measure of ROI, which helps you prioritize management initiatives.
The data can indicate how to shift your strategy from costly treatment to robust workplace injury prevention — including onsite care and ergonomic programs — to help you get ahead of claims.
If you need assistance, WorkWell can help you analyze your findings to determine the best injury protection methodology for your company’s needs. Our new data model — field tested for 5 years over 70,000 client visits — can combine your own claims data with both industry and proprietary data to identify the right mix of services for your workplace. The answer may be onsite education with offsite physical therapy services … or the current trend of onsite PT programs helmed by therapists who advise right at the work site. And get to know your employees.