How quickly can your workers’ compensation services deliver cost savings?

My workers’ compensation services deliver cost savings through a combination of immediate and long-term strategies, with timelines varying by intervention.

For premium audit corrections, I review payroll, NCCI classification codes, and EMR calculations, identifying overcharges within weeks. Negotiations with insurers typically resolve these issues in 30-60 days, yielding immediate savings. A retail client recovered $10,000 in overcharges within two months. Claims management also produces quick results—by disputing inflated reserves or closing old claims, I’ve reduced costs for clients within 60-90 days, often lowering EMR impacts. For example, a manufacturing firm saved $15,000 by closing stagnant claims.

Safety training and return-to-work programs take longer but deliver significant savings within 6-12 months. Tailored OSHA-compliant safety training reduces injury rates, impacting claims frequency and EMR over one to two years. A construction client saw a 20% premium reduction after 18 months of safety improvements. Return-to-work programs, implemented within weeks, cut claim durations, with savings accruing within 3-6 months. Self-insurance studies, if viable, can yield savings within a year after setup. My deliverables, like audit reports and safety plans, are designed for rapid implementation, requiring minimal client time. Ongoing quarterly reviews ensure sustained savings, preventing cost creep. By addressing both quick wins (audits, claims) and strategic initiatives (safety, EMR), I help businesses achieve measurable workers’ comp cost reductions, often saving $10,000-$50,000 annually, depending on size and industry, while maintaining compliance.