Workers’ compensation: The other self-insured liability

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By Richard C. Frese | 06 August 2013

Medical malpractice is the most frequently considered exposure in a healthcare entity’s self-insurance program, but self-insured organizations should also evaluate their workers’ compensation losses. Workers’ compensation programs compensate an employee who is injured on the job; in exchange, the employee waives the right to sue for negligence. The key to effective liability management for workers' compensation risk is understanding, reporting, and controlling risk exposure. Self-insured should understand exposures, estimate losses, and follow best practices for reporting to help control workers' compensation program costs.

This article was published on hfma.org, the Healthcare Financial Management Association's website.

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