By effectively managing environment, health, and safety (EHS) claims in Ohio, employers can ensure compliance, avoid hefty penalties, and create a better work environment for their workers. Better risk management enables you to anticipate and prevent problems rather than be forced to respond to them retroactively.
What Is EHS Claim Management?
This process begins as soon as a worker becomes ill or injured on the job, and it involves a few key steps:
- Fast Response: Responding quickly to the incident can reduce costs and delays throughout the claim.
- Documentation: Proper documentation shows what happened and is necessary for incident reporting. It involves interviewing witnesses, documenting medical records, and preparing investigation reports.
- Compliance: With the help of a third-party administrator (TPA), you can ensure that your company's incident response and reporting comply with federal and state laws.
- Finance: A range of payments, deductibles, and reserve adjustments is part of claim management. These must be closely managed throughout the claim's lifecycle.
- Stakeholder Management: HR, legal, finance, and medical professionals are also involved in the claim process, necessitating a collaborative approach.
- Reporting and Data Analysis: To prevent future claims, it's essential to collect data and identify the root causes of past injuries.
- Proactive Change Management: Once the cause of the EHS claim and risk factors are understood, the next step is making changes to prevent future claims. This may involve new safety training, updated protective equipment, modified policies, or similar adjustments.
Six Benefits of EHS Claim Management for Ohio Manufacturers
As a manufacturer in Ohio, you have extensive day-to-day operations to manage, from hiring new workers to managing your company's accounting reports. Rather than add a major compliance hurdle to your schedule, you can get help from professional claim management services. With the EHS claim management offered by Compensation Solutions, Inc. (CSI), your company can enjoy a few key benefits.
1. Lower Workers' Comp Payments
Through claim management, you can spot commonalities and improve the safety of your workplace. Over time, this will lead to fewer claims. This type of management also reduces premiums by ensuring that workers receive the medical care that they need in a timely manner, preventing medical issues from worsening and incurring higher costs.
Claim management can also reduce your payments for workers' comp premiums, which are calculated with an experience modifier. This is based on how your actual claims compare to the rest of your industry, so fewer claims will decrease your overall premiums.
2. Fewer Penalties
Investing in EHS claim management ensures your company's legal compliance. By staying on top of existing laws and regulations, you can reduce your legal exposure and avoid expensive penalties and fines. In Ohio, there are potential misdemeanor charges for violating workers' comp laws, along with financial penalties.
3. Better Risk Management
By improving claim management, employers can be proactive in managing risk. You can identify, track, and mitigate hazards before they lead to costly incidents. Advanced reporting and data analytics provide better visibility into each claim, so you can understand the common factors that are leading to incidents.
4. Safer Workplaces
Each year, there are 2.4 injuries or illnesses per 100 workers in the United States. Fortunately, with preventive measures, you can spot and address hazards, and as a result, your company can develop a safer workplace and more supportive work environments. This can boost your employee engagement and retention rates over the long run.
5. Faster Return-to-Work Timelines
Effective claim management enables workers to return to work more quickly, improving production timelines and reducing the costs associated with long-term claims. This occurs in two key ways.
First, CSI sets up specific return-to-work programs that help your workers obtain the modified schedules and support that they need to return to their jobs earlier. Second, it proactively manages their medical needs. For instance, many employees delay seeking medical help and end up having to go to the emergency room for their care. Through its claim management, CSI can direct workers to fast telehealth services, urgent care, or their primary care provider. In addition to being more affordable medical care, early intervention saves money by mitigating complications.
6. Less Administrative Work
Proactive claim management reduces the overall workload that your company has to deal with. A TPA handles most of the recordkeeping and administrative tasks. Besides reducing your company's administrative workload, this type of support prevents extra work by managing the case and preventing it from becoming overly complex. The TPA can handle the nitty-gritty details of each claim so you can focus on what you do best: running your company.
How an Experienced Workers' Comp Team Can Support Your EHS Claim Management
From proactive claims management to experienced administrators, the right workers' comp team can reduce the amount that you spend on claim management, improve the safety of your workplace, and help you streamline your paperwork. The CSI team understands the ins and outs of Ohio's workers' compensation laws, and as a result, they can ensure your compliance and help you avoid costly penalties.
The team specializes in claim management, so they can handle all your reporting requirements and carefully track key records. With this information, you can make data-driven decisions that will save you money in the long run.
Discover How Compensation Solutions, Inc. Can Help
Whether you need a return-to-work program or support with accident prevention, CSI can help. As a TPA, it can support all your EHS claim management needs, so you can work toward lower premiums and a safer workplace.
By choosing CSI’s specialized claims management services, Ohio manufacturers can achieve significant cost savings, streamline their claims processes, and enhance workplace safety initiatives. Our proactive approach and local expertise ensure that your organization stays compliant and well protected. Contact CSI today to learn how we can help you reduce workers' compensation costs and improve your overall safety program. Let us handle the complexities so you can focus on operational excellence.
