Workplace injuries are expensive. Over $160 billion was lost in 2017 to workplace injuries. If you broke up the actual cost of work injuries, it would tally up to about $1,100 per worker per year. Everyone has a stake in seeing that cost reduced. Whether you are a business owner, an injured employee, or the person inputting data into claims processing software or managing a case using workers comp management software, reducing workplace injury costs can benefit you.
There is a great correlation between individual physical fitness and workplace injuries. The more fit an individual is, the less chance of a workplace injury. The correlation becomes even greater in physical labor jobs.
The Real Cost of Work Place Injuries
Any business that is charged with working with claims processing software, insurance software, or workers compensation claims software can tell you that the real cost of workplace injuries is much higher.
The real cost is not just the medical bills and compensation cost the real cost includes:
- $34 billion dollars in administrative costs (which can be offset a bit with claims processing software)
- $50 billion in productivity losses
- $12.4 billion in future losses to the employees and employers from permanent disability
Clearly, costs are completely out of control — even with the best claim solutions. A health incentive program can help to reduce workplace injuries and reign in the costs.
Healthy Employee Programs
Employers can help to reduce workplace injuries by implementing programs that can encourage fitness among employees. Employers can allow time for employees to get some exercise in, encourage consumer-driven healthcare checkups and even set up a reward system for employees that participate in preventive health programs.
Employers can also encourage good health by enlisting the help of professionals for smoking cessation classes, nutrition classes, stress management, and more. Encouraging a healthy workforce can help to reduce workplace injuries including back, neck, and soft tissue injuries.
Healthy employees are less likely to suffer workplace injuries. When they do suffer injuries at work, they heal faster and can return to work sooner. Other ways a proactive health program can benefit employers include a more productive workforce. Healthy employees are productive employees that call out less.
Reigning in the costs of workers compensation falls squarely on the shoulders of every industry and every employer. Keeping costs down and keeping the workflow going can be as simple as encouraging healthy behaviors.