New ESIS Whitepaper Explores Complexities of Medical Programs Around Workers Compensation Claims
WHITEHOUSE STATION, New Jersey, February 8, 2018
According to a new ESIS whitepaper, “Why Employers Should Consider Integrated Medical Programs to Manage Workers Compensation Costs” with medical expenditures on the rise, companies have an opportunity to reduce their workers compensation medical costs by implementing a centralized approach to claims management while ensuring optimal claims outcomes.
“Employers often retain multiple vendor partners to handle medical components of their workers compensation program, which can present a number of challenges and inefficiencies,” said Veronica Cressman, Senior Vice President, Medical Programs, ESIS. “By partnering with a third party claims administrator (TPA) with an integrated approach to medical programs, employers can benefit from streamlined results, centralized program oversight, and gain access to coordinated data across the workers compensation process.
Through a strategic and focused medical approach, various medical program services and data often associated with a workers compensation claim, are closely integrated into single-source administration in order to provide a comprehensive view of a claim, enabling employers to make more informed decisions, in a timely manner around reducing claim duration and costs.
ESIS’ whitepaper also highlights a number of ways companies can further mitigate medical care costs, including:
– identifying and assessing challenges found within current processes,
– implementing cost saving strategies to ensure billing charges are accurate and appropriately associated with the correct injured employee, and
– integrating data to align multiple systems and streamline information related to the workers compensation claim.
To read the paper, click here.
ESIS, Inc., provides claim and risk management services to a wide variety of commercial clients. Our innovative best-in-class approach to program design, integration, and achievement of results aligns with the needs and expectations of our clients’ unique risk management needs. With more than 60 years of experience and offerings in both the U.S. and globally, ESIS provides one of the industry’s broadest selections of risk management solutions covering both pre and post-loss services.
Chubb is the world’s largest publicly traded property and casualty insurance company, and the largest commercial insurer in the United States. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, occupational accident insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, and other locations, and employs approximately 31,000 people worldwide.