- An injured and unproductive workforce is a major drain on a company’s profitability.
- From 1988-2008, medical costs increased from 46% to 59% of total workers compensation losses.
- The average medical cost per lost-time claim increased 300% from $8,500 to $26,000, about 7-8% annually (twice the consumer price index).
- Medical costs have increased more in workers compensation than in healthcare overall due to volume, duration, mix of health services used, and defensive practice patterns.
- Musculoskeletal Disorders (MSDs, “aches, pains, and strains”) are second only to upper respiratory infections in primary care medical offices.
- MSDs represent the greatest healthcare expense, more than cancer and cardiovascular conditions.
- MSDs represent 60% of injuries in the workplace. MSDs are preventable.
- Employers ultimately pay the bills.
- There is a solution.
*Sources: National Safety Council, National Council on Compensation Insurances, Gray Institute, Industry data