Posted on: May 18, 2016 by Manchester Specialty
The home health care sector, according to the Occupational Safety and Health Administration (OSHA), has the highest average workers’ compensation insurance indemnity payment from the various departments and agencies within the health care system it has profiled. This, says OSHA, is potentially driven by patient handling and higher exposure to automobile accidents among visiting nurses and home health care aides. In fact, overall in the health care industry, patient-handling accounts for one third of all workers’ compensation claims, and has the highest average indemnity payment out of all causes of loss, according to an insurance industry study. Slip/trip/fall injuries and push/pull injuries are the second and third most costly indemnity payments, respectively.
Home health care employers in an effort to prevent losses and keep workers healthy and safe can implement a wide range of risk management practices and measures. By putting safety first, not only will home healthcare employers create a culture aimed at reducing the number of on-the-job injuries and accidents taking place, they will also improve their risk profile when purchasing or renewing a workers’ comp policy and ultimately drive down premium costs.
Following are several risk management recommendations for a home health care agency to adopt to obtain better workers’ comp outcomes:
Manchester Specialty Programs provides the home health care industry with an end-to-end insurance solution designed to safeguard an organization’s assets, property, employees and clients. Part of our solution includes workers’ compensation insurance supported by risk management tools and strategies through our carriers to help clients gain control over ongoing costs and rising premiums and assist employees in returning to work. For more information about programs, you or your local agent/broker can contact us at 855.972.9399.