Magazine article Risk Management

Executive Forum

Magazine article Risk Management

Executive Forum

Article excerpt

OVER THE NEXT 24 MONTHS, A DRASTIC change will occur in this country -- health care reform. Health care costs in America will exceed $1 trillion for the first time in 1993! That is 15 percent of our gross domestic product, and these costs continue to grow at 12 percent annually.

Workers' compensation will be a part of any health care reform in some manner. Although workers' compensation medical costs are only 3 percent of our nation's total health care costs, they are growing 40 percent faster than all other medical costs, according to some experts. The majority of risk managers are responsible for workers' compensation within their organizations. In fact, workers' compensation represents in excess of 50 percent of most risk management budgets! One of RIMS' key initiatives is to increase the visibility of the risk manager and the risk management profession. RIMS, to be successful in achieving this goal, needs the help of as many individual risk managers as possible.

All of the proposed health care solutions embrace managed care techniques. As risk managers, let's seize this opportune time to deploy managed care techniques to reduce workers' compensation costs. When health care professionals refer to managed care, they speak of quality capitated care, utilization review, medical case management and gatekeepers. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.