Plan a Vendor Day

Consider planning a "Vendor Day" and invite your insurer to attend. You not only develop a better relationship with your vendors and insurer, but Vendor Day is a great way to learn more about workers compensation cost control techniques. 

Some services are owned by your insurer/TPA, while others are affiliated with them. What's on the Vendor Day Agenda? Have the insurer explain the benefits of each service, how to request a service, when each service is routinely provided, and the cost of each.  And do not forget this is a great time to request product samples! 

Ask your insurance company to invite service-providers they use, participants in workers compensation initiatives, such as RTW, utilization review, and medical and legal services.

Your broker can set up a Vendor Day for you or a less formal one on one approach.  Services your TPA/Insurer can provide include

• Risk Management Information Systems (RMIS)
• Structured Settlements
• Legal Services
• Preferred Provider Networks
• Vocational Rehabilitation
• Medical-Bill Review Services
• Work Hardening
• Hospital-Bill Review Services
• Medical Advisors
• Nurse Case Management: Telephonic and Field-based Services
• Training & Video Libraries
• Loss Control Services 

Did you know claims have been settled for less with attorneys than they might have been settled directly with the employee?

The #1 selling cost containment book for workers compensation is our 2012 Workers Compensation Management Program: Reduce Costs 20-50% manual. This 181-page guidebook helps assess company or clients' workers comp programs, design program materials, roll out a program to the organization, and monitor and manage the program once implemented.  

For 20 years, the National Workers' Compensation and Disability Conference & Expo has been the industry's leading training event. And this year's event is taking it to the next level - making it the best ever! November 7-9th 2012.