Home Healthcare Wins Big With Workers Comp Secrets
Opportunities for Home Healthcare Providers
The integration of workers' compensation strategies presents numerous opportunities for home healthcare providers. First and foremost, it allows for better risk management. By implementing comprehensive workers' compensation programs, providers can reduce the incidence of workplace injuries and associated costs. This proactive approach can lead to significant savings, as the cost of workplace injuries can be substantial. According to the National Safety Council, the total cost of work injuries in 2020 was $163.9 billion1.
Moreover, a robust workers' compensation program can enhance employee morale and retention. Caregivers who feel protected and valued are more likely to remain with a company, reducing turnover rates and associated recruitment costs. This stability is crucial in maintaining high-quality care for patients.