Workers' Compensation is a Controllable Cost

What would your CEO say if you reduced your worker’s compensation costs by 30%?

If you have any responsibility—direct or indirect—for how your Worker’s Compensation funds are spent, Blue Ridge is potentially your strongest ally. While the vast majority of business leaders continue to accept incremental increases in workers’ compensation costs, this trend will eventually hit a brick wall. Furthermore, if you don’t have transparency and control of the relationships between your TPA, insurance company, broker and other service providers, you are subject to fiduciary inquiries by senior management and auditors.

So, while the status quo may be perfectly acceptable within your organization today, an economic or industry event, a change of leadership, or an external audit could transform that management philosophy rather quickly.

Your prudent line of action becomes one that focuses on your fiduciary responsibility to the firm and making your program the best-in-industry.

The employer’s advocate

Workers’ compensation is a broad discipline that crosses several lines of business and relies on relationships with a variety of outside vendors. In firms that do not apply cost reduction methodology to their Worker’s Compensation program, there is a loss of transparency and control, and waste accumulates.

Blue Ridge stands in a unique position to serve as a business owner’s or fiduciary’s ally because we do not have anything to gain from how your money is spent.

• We don’t sell insurance
• We don’t make any money by increasing your legal entanglements
• We don’t benefit from overpayment of medical, legal and other vendor services.

In short, we do not have any competing interest. Our goal is to help you benefit from our expertise in Six Sigma Workers’ Compensation practices.

Competing interests

The wide array of stakeholders whose decisions impact your WC cost have goals that are often in direct opposition to the enterprise’s goals.

Insurance buyers

prioritizes price

Insurance providers

benefit from premium increases

Plant managers

value productivity increases

Safety managers

focus on OSHA and frequency – not severity

Lawyers

seek litigation and contentious opportunities

Claims administrator

want to process claims systematically

HR Personnel

focus on the employee’s perspective

Physicians

maximize treatmen

Providing a singular focus – Workers’ Compensation Services

Blue Ridge and our Six Sigma Workers’ Compensation Program can help bring these decision makers into a singular alignment by providing the employer with transparency and control. Each of the above-mentioned specialists are critical components of a worker’s compensation system but their competing interests must be oriented to the interests of the enterprise. Because this process is so unwieldy and crosses so many lines of business, Six Sigma stands as the only foundation on which a successful Workers’ Compensation Program can be built and maintained.