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How to Conduct a Workers' Compensation Claims Audit and Reduce Loss Costs

Event: 858-FIN


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COURSE DESCRIPTION: Workers’ compensation … you have to pay it, the costs are skyrocketing and you have very little control over the process. That’s a frustrating reality for CFOs and Controllers like you who make it your business to verify facts, reconcile expenses and make sure company dollars are spent wisely.

To make matters worse, every time your premium comes due, you have the feeling you’re paying more than you should … but you’re not exactly sure why. And you can’t get the answers you need because insurance companies or state-level bureaucrats don’t exactly make it easy for you to examine the details.

The good news is you don’t have to feel powerless when it comes to controlling workers comp cost. Whether your company is insured with a loss sensitive program or you’re self-insured, you CAN take action to be sure you’re not paying more than you have to. Your secret weapon: A thorough audit of your workers’ comp claims.

In this program you’ll learn how to get it done. Workers’ compensation expert Doug McCoy will give you a step-by-step roadmap to conduct an audit of your workers’ compensation situation. This audio conference will address:

  • How to tell if your carrier or third-party administrator is paying claims that should be denied
  • What to do when you suspect a fraudulent claim has been filed
  • Guidance to help you recover some of the money you have paid in claims
  • How to be sure your estimates, experience rating and rating group are accurate … and that simple clerical errors aren’t unfairly penalizing your organization
  • An acid test to help you decide if an attorney is really necessary
  • Benchmarks to determine if your claims are open too long
  • Techniques to improve communication with the claim department
  • How to make the most of your involvement in the claim management process

ABOUT THE SPEAKER: Doug McCoy is principal of McCoy Consulting Inc., an independent workers’ compensation consultancy, and author of Workers’ Compensation: The Survival Guide for Business, published by LexisNexis. He has held numerous senior level management positions, including National Director for the Workers’ Compensation Claim Department of a major insurer, and COO of TMMS, Inc., the largest workers’ comp managed care organization in the country. Mr. McCoy has spoken on worker’s comp topics before numerous organizations and has been featured in The Wall Street Journal, Business Insurance, and Risk and Insurance Management. His extensive experience includes representation on the National Council on Compensation Insurance Fraud Study Committee and the Governor’s Study Committee on Workers’ Compensation.

MONEY-BACK GUARANTEE: We’re so confident you’ll get what you want out of this conference that we’ll refund your full fee if you’re not satisfied. It’s risk-free.

 



Product Description Price Order
Recorded Value Pack CD-ROM (full presentation), Transcript (PDF), Audio CD $319.00
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Full Webinar on CD-ROM CD-ROM (Self-contained Video & Audio presentation) $217.00
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Audio Recording Only Audio CD $199.00
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Written Transcript Only Transcript (PDF) $198.00
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