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 Benchmarks, KPIs and KPPs 

What really counts?

 

Executive Update

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Greetings!

 

Everything that can be counted does not necessarily

Einstein count; everything that counts cannot necessarily be counted.

    Albert Einstein (attributed)

 

 

 

 

Pure common sense! Today, data is collected at every corner of the business and consumer world. In fact, close to 47% of Americans are "on" Facebook. But does that count?

 

Corporations use key performance indicators to measure their degree of success with certain activities in the marketplace. Typically financial in nature, they strive to measure earnings per share (EPS), gross profit margin and earnings before interest, taxes, depreciation and amortization, better known as EBITDA.

 

Most everyone is familiar with these terms and it allows comparison of performance between like or similar companies or markets. Finance is straightforward. So that counts.

 

Turning to insurance however, what happens when an organization is asked about the success or practicality of its claims operations? Can a similar case be made with applicable KPIs for claims operations across organizations? 

 

Can the top KPIs that impact an organization be measured and compared in a way that is both meaningful and actionable? What counts in workers compensation claims?

 

Read more about Benchmarking: KPIs and KPPs by the National WorkersComp ClearinghouseTM .

 

More and more, carriers and self-insured are looking to the National WorkersComp

clh gray Clearinghouse as a robust tool to understand claim cost and severity drivers. We are the industry's only independent claims database for insurance carriers and self-insured companies.

 

Our mission, simply put, is to positively impact claims outcomes for both injured workers and claim professionals. We accomplish this by revealing the hidden drivers using the science of analytics. 

  1. Real time data
  2. But not just any data...it's your data vs benchmarks
  3. Actionable KPIs and recommendations
  4. Direct correlation to your programs and markets
Contact us for WEBEX introduction to the Clearinghouse.   * info@workerscompanalytics.com
You are invited to join the Clearinghouse effort and our Analytics for All approach as we develop claim strategies for effective return to work.
 
Cordially,

 


Jim Paugh

President
WorkersComp Analytics LLC

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POSITIVELY IMPACTING CLAIM OUTCOMES