Compmed Advantage - Indemnity Programs

INDEMNITY PROGRAMS

In order for employers to remain competitive in today’s business environment it is essential that they keep their workers’ compensation costs as low as possible. This can only be done by reducing the impact of lost time claims, reducing the costs associated with managing the claim, and by maximizing recovery opportunities. Unfortunately, experience has shown that most claims are not handled in the most cost effective manner and tools that are readily available to help control costs are rarely used . In an industry plagued with inexperienced claims staff, high turnover rates and large case loads , it is no wonder that workers’ compensation costs have gotten out of control.

Fortunately, we can help. In conjunction with our strategic partners, CompMed Advantage, Inc. will use our experience and knowledge to analyze your program and recommend cost saving changes to your current program. And unlike our competiton, we welcome risk sharing arrangements where our fees are contingent on cost savings for our client. Our specialized indemnity programs, include the following ( most of which go hand in hand with one or more of our medical components ) :

First Report of Injury Toll free 24/7

Return to Work Programs

Second Injury Fund Recoveries*

Loss Transfer*

Claims Audits*

ADR Program Design & Management*

Self-Insurance or Captive Program Design & Management*

Medicare Set Aside Agreements*

Experience Mod Reviews*

For additional information regarding any of the above programs identified by an asterisk please contact us at our toll free number listed in the Contact Us portion of this Site.