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How We Reduce Costs
Reducing the cost of claims, your premium renewal, and positively
adjusted premium levels
The graph highlights the cost of claims both before and after the
intervention of Rehab Options Injury Management. Prior to employing Rehab
Options Injury Management, company X cost of claim was
$310,142.00. As a direct result of our intervention the
cost of claims was significantly lowered to $93,714.00.
The result of implementing an injury management program meant the renewal
premium calculated prior to involvement could, after Rehab Options Injury
Management attended and made submissions at the final claim review, be
recalculated. Hence the premium was reduced from
$377,258.00 to $190,248.00.
The adjustment premium for company X showed that due to a small reduction
in gross wage they would have received a rebate of
$61,927.00. However after Rehab Options intervened (due to
the reduction in cost of claims) they received a rebate from their
adjustment premium of $174,446.00.
In summary their renewal premium was reduced by
$187,010.00. Their adjustment rebate increased by
$112,519.00. Total saving $299,529.00.
*Rehab Options Injury Management services cost company X $30,000.