The largest expense for any healthcare organization continues to be its workforce. Zurich transforms large amounts of claims data into valuable risk insights in our annual Benchmark Study of Hospital Workers’ Compensation Claims.
Learn more about workers’ compensation trends in frequency, severity and loss cost that could assist your hospital in managing risks, controlling costs and creating a greater awareness around the factors that impact these claims, including:
- The older the employee, the more expensive the claim
- Strain injuries have the most frequency
- Slips, trips and falls have the highest severity
- Patients are involved in a high percentage of worker’s compensation claims
As hospitals take on more risk, they require effective mitigation tactics for workforce issues including back strains and sprains, slips, trips and falls, aging workforce, workplace violence and time away from work. The result will be a fully engaged and optimized workforce that serves as a critical catalyst in improving patient satisfaction and increasing revenue and quality of care.