Home Health Care Company Reduces Modifier 39% and Premium 59%
Learn how a home health care provider with 200+ employees transformed their safety record, reducing annual injuries from 16 to 1-2. Our comprehensive approach lowered their experience modifier from 1.516 to 0.925, cut annual claim costs by 93%, and slashed insurance premiums from $421,000 to $172,000. Discover the power of tailored risk management.
Business
Home Health Care Company reduces modifier 39% and premium 59%.
Situation
Healthcare provider was averaging 16 injuries a year, and $211,300 in claim costs. Experience modifier climbed to 1.516. Was offered an insurance renewal premium of $421,000.
Assessment
Conducted a Risk Management and HR Assessment and realized that their hiring processes as they were having a significant number of injuries in first few weeks of the new hires' employment, many of the injuries were from exposures in their clients homes that created unsafe working environments, and believed they were unable to send injured employees out to work.
Solution
Provided comprehensive services to the Home Health Care firm including Risk Management, Behavior Based Safety, OSHA Compliance, Human Resources and performed Claims Handling for them. Established a pre-employment screening process including fitness for duty exam, implemented a drug free workplace program, created a new home safety checklist and process for addressing unsafe environments, and facilitated their formal safety committee. Established a frequent repeater program and a Zero Lost Time Program utilizing an alternative workplace program.
Result
Injuries went to 10, then 5, then to them experiencing 1 or 2 a year the last 4 years. Claims costs dropped to averaging $14,100 a year past 4 years. Experience modifier fell to 0.925 and premium was reduced to $172,000.
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