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How to Measure Workers’ Comp Success with 5 Critical Metrics
The numbers that prove what your program is worth
Playbook content
Section 1
- PDFPlaybook outlineDownload · PDF
- Drowning in Information & Starving for MeaningVideo · 5:21
- Protocol check 1Pass at 70%
Section 2
- Why Metrics Are Important & Cost Driver MatrixVideo · 23:05
- 5 Critical Metrics Formulas & CalculationsVideo · 31:37
- Protocol check 2Pass at 70%
Section 3
- Leverage Metrics to Make An ImpactVideo · 4:32
- Protocol check 3Pass at 70%
About this playbook
Most employers have plenty of claims data and very little meaning in it. This playbook sets out why metrics matter, how the cost driver matrix ties them to cost, the formula behind each of the five critical metrics, and how to use the results to move management from seeing workers' comp as a cost of doing business to backing the program.
You will be able to
- Turn claims data into a few numbers that mean something
- Explain why metrics keep management committed to the program
- Connect each metric to cost with the cost driver matrix
- Calculate the five critical metrics from your own claims data
- Use the metrics to show management the value of return to work