Midwest Employers Casualty Co. (MECC), a workers’ compensation excess insurance company, has launched a Healthcare Risk Management Practice, which MECC says will offer clients significant cost savings and employee safety and retention.
The Healthcare Risk Management Practice was created in recognition of the potentially devastating consequences that injuries on the job can pose within health care organizations given operating revenue is lost at a rate of four to 10 times the direct costs of a work-related injury, and the cost to replace an employee is 1.5 times his annual salary. The practice is designed to assist clients in reducing costs associated with work-related accidents.
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