HRMR January 2015 Healthcare workers claims to fall in 2015


Healthcare workers’ compensation claims are expected to fall in 2015, although workers’ compensation claim severity has been slowly increasing over the past 10 years. These are key findings of the second healthcare workers’ compensation barometer report from Aon Risk Solutions, the risk management business of Aon. The report explores trends in frequency,


severity and overall loss rates related to workers’ compensation for approximately 1,150 healthcare facilities across the country. The 2014 report projects workers’ compensation loss rates will decrease by 1 percent annually. It also shows that frequency of workers’ compensation claims has been slowly and consistently decreasing at the same one percent level over the 10 year experience period analyzed. Conversely, workers’ compensation


“Patient handling is clearly a leading concern in the health care industry; however, risks associated with emerging outbreaks, like Ebola, are driving new conversations in the boardroom.”


Experian Data Breach Resolution has released its second annual Data Breach Industry Forecast to help executives plan ahead in 2015.


According to the forecast, preventing and managing data breaches have become two of the highest priorities facing businesses today. This latest forecast also highlights legislative and medical identity theft topics. Many evolving factors such as new threats,


regulatory changes and technological advances make the data breach landscape difficult to navigate. After handling more than 3,000 data


breaches in 2014 and with a decade of experience in the industry, Experian Data Breach Resolution shares six key predictions for 2015 in the forecast. “It has been an explosive year with an


increase in the number of data breaches and identity theft cases over 2013, so we are sharing our perspectives with the industry to help businesses navigate this complex environment,” said Michael Bruemmer, vice


claim severity within the healthcare industry has been slowly increasing at a rate of 2 percent per year over the same ten year period. The report also analyzes survey data highlighting the specific concerns and issues that the healthcare industry currently faces. Patient management, including handling and lifting, has been identified as the number one concern by risk managers as it accounts for one third of all claims and has the highest average indemnity payment out of all causes of loss. “Patient handling is clearly a leading concern in the healthcare industry, although risks associated with emerging outbreaks, like Ebola, are driving new conversations in the boardroom,” said Barry Weiner, managing director and national


senior care practice


leader. “Risks, such as materials handling, used to be a small average indemnity paid relative to other causes of loss but the frequency of these types of claims appears to be on the rise. “This report will continue to be a critical tool


for organizations looking to measure and promote patient and employee safety. It helps healthcare leaders and risk managers to measure, maintain and reduce their workers’ compensation exposures against their industry and identify certain key areas for improvement and growth.” n


Experian releases data breach industry forecast


president at Experian Data Breach Resolution. “It is more important than ever for companies to prepare for a data breach and stay ahead of the game.” According to the paper, the expanding


number of access points to Protected Health Information (PHI) and other sensitive data via electronic medical records and the growing popularity of wearable technology make the healthcare industry a vulnerable and attractive target for cybercriminals. Several factors suggest the healthcare industry will continue to be plagued with data breach headlines in 2015. “The growing number of vulnerabilities and


the sheer size of the healthcare industry led to an increase in widely publicized security incidents this year, representing about 42 percent of all major data breaches reported in 2014 ,” said Bruemmer. “We expect this number will continue to


grow until the industry comes up with a stronger solution to improve its cybersecurity strategies.” n


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