Monthly Archives: September 2015

RMIS or Excel? It depends

RMIS or Excel? It depends

Don’t you love when “it depends” is a response to one of your burning questions? That kind of straightforward answer is especially helpful if you or one of your clients is struggling with whether or not to make a large business investment.

So, do you need advanced risk management and claims administration software? Well, it depends.

It depends on:

  • The complexities of an organization’s exposures
  • Time spent manually managing risks like claims and policies
  • How an organization is departmentalized and its interactivity with vendors

That’s clear as mud, right?

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Using a RMIS to merge maintenance logs with claims data

Using a RMIS to merge maintenance logs with claims data can pay dividends
  • Tracking maintenance activities can create a clear snapshot of the goings-on at a property or work site.
  • Analyzing maintenance logs and incident reports concurrently can help you spot trends and anticipate risks.
  • Managing these activities in a RMIS allows you to analyze data from multiple departments or disciplines and avoid knowledge “silos” in your organization.

Property maintenance and inspections don’t just protect a property. They are key elements of your risk management strategy—aimed at protecting employees from getting hurt, as well as reducing related workers’ compensation claims and litigation.

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Use a RMIS to communicate early and often…but with efficiency

The word "contact" below a telephone, letter, notepad, and globe

Consistent, timely and structured communication with injured workers can:

  • Speed up return-to-work times
  • Reduce fraud
  • Improve uptake of employer-recommended medical providers
  • Head off litigation

Once upon a time, communicating with injured workers was almost taboo—perhaps believed to be an invasion of privacy or maybe even an invitation for worker’s compensation lawsuits. But the tide is changing.

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