May 18^J Loss Management Mary Alice Ehrlich – slides
With Mary Alice Ehrlich
1. What is a loss management program?
2. How do we structure the team?
3. What data we have to collect about the company?
4. How do we determine what risks we can accept?
5. What interventions can we implement for the client that will
improve outcomes?
6. What are realistic time lines for the outcomes?
7. Id loss management ONLY for workers’ compensation?
8. What other modules are there?
Audio:
Loss management plays a vital role in ensuring workplace safety and reducing workers’ compensation insurance premiums. In this blog post, we will explore the concept of loss management, its importance in workers compensation, and discuss practical strategies for implementing an effective loss management program. By focusing on injury prevention and proper management of events related to workplace injuries, businesses can create a safer environment and reduce costs associated with workers compensation claims.
The Importance of Loss Management:
Loss management is all about mitigating losses in various aspects of business operations. When it comes to workers compensation, a comprehensive loss management program helps in injury prevention, early intervention, and efficient management of recovery processes. By prioritizing safety and implementing strategies to minimize workplace injuries, businesses can significantly reduce their workers’ compensation insurance premiums. This not only benefits the company’s financial health but also fosters a culture of safety and well-being among employees.
Understanding a Loss Management Program:
A loss management program is a comprehensive and proactive approach to injury prevention and the management of events related to workplace injuries. Contrary to common misconceptions, a loss management program doesn’t have to be a massive investment of time and resources. It can start with a simple safety program that increases safety awareness among all individuals in the organization. Building a strong foundation of safety practices and emphasizing the development of functional job descriptions and temporary work assignments are essential components of an effective loss management program.
Collaboration with Clients for Safety Initiatives:
Loss management programs can be further enhanced through collaboration with clients and their involvement in developing safety initiatives. By partnering with clients on safety committees, healthcare providers in occupational medicine can provide valuable insights and contribute to the dialogue on safety practices during site visits. Furthermore, healthcare providers can extend their support by participating in safety walkthroughs, helping identify safety hazards, and providing recommendations for improvement. Building strong relationships with insurance carriers can also yield benefits in terms of sharing resources, information, and educational opportunities.
Identifying Risks and Realistic Timelines:
When considering loss management initiatives, it’s crucial to conduct a comprehensive evaluation of each client company’s needs, risks, and goals. This evaluation includes looking at historical data on workplace injuries, identifying high-risk departments and prevalent injury types, and understanding the unique needs of each client company. Realistic timelines for outcomes can vary depending on the specific goals and interventions implemented. However, it’s essential to provide immediate and tangible impacts to create a sense of engagement and foster a culture of safety.
Beyond Workers Compensation: Loss Management in Other Areas:
Loss management principles extend beyond workers compensation and can be applied to other areas of business operations. The concept of loss management focuses on mitigating losses and preserving resources in various aspects of business, including personal health, disabilities, productivity, and family health. By adopting loss management approaches in these areas, businesses can create a broader culture of wellness and sustained success.
Loss management is a critical component of any effective and efficient workers compensation program. By prioritizing safety, implementing preventative strategies, and fostering a culture of wellness, businesses can significantly reduce workplace injuries and associated workers’ compensation costs. Collaborating with clients, insurance carriers, and other stakeholders can further enhance loss management programs and provide valuable resources for successful outcomes. By embracing loss management principles, businesses can create safer work environments, improve overall outcomes, and contribute to the well-being of their employees.
References:
Loss Management Checklist via Google Drive
Loss Management Checklist via Dropbox
Loss Management Manual
Injury/Loss Management Service Line Model
The Loss Management Service is a proactive approach to injury prevention. Since safety is an essential component of this service line, client companies receive assistance with safety program development and implementation. Supervisor training for accident reporting and investigation is provided to clients on site. The development of functional job descriptions and the establishment of temporary work assignments are also components of this service line. Client companies send all injuries to specific OHS facilities for injury care. Standards are developed to ensure injury management is standardized to provide emergency care, follow-up referrals and company feedback for all injured worker medical data.
Loss Management Table of Contents
Page 3 – Injury/Loss Management Service Line Model
Page 3 – Contracts
Page 4 – Service Delivery
Page 4 – Data Management
Page 4 – Customer Service
Page 5 – Referrals
Page 5 – Care Management
Page 5 – Consulting
Page 6 – Loss Management Program Checklist for Program Components
Page 6 – Safety Programs
Page 6 – Injury Management
Page 6 – Data Necessary for Analysis of Current Program
Page 7 – Implementation and Evaluation Procedures for the Loss Management Program
Page 9 – Physician Occupational Health Network Criteria
Page 10 – Facility Walkthrough for Health and Safety Hazards
Page 10 – General 10 Hazard Communication Program
Page 11 – General Housekeeping
Page 12 – Safety and Health Hazards
Page 14 – Emergency Preparedness
Page 14 – Conclusions
Page 15 – Loss Management Contract
Page 15 – Case Management
Page 15 – Early Return to Work
Page 15 – Policy Development
Page 16 – Work Products
Page 16 – Responsibilities of Company
Page 16 – Terms
Page 16 – Compensations
Page 16 – Changes
Do You Have Providers in Your Organization Interested in Learning More About Occupational Medicine Exams & Workers’ Compensation Management?
Check Out Our Occupational Medicine for Providers Course on NAOHP University
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