Cost Saving

The costs of work-related and personal injuries to corporations are monumental. Here are some statistics:

Worker’s Comp Costs

  • According to the U.S. Department of Labor, annual workplace injuries are estimated to be between 4.1 (service industries) and 6.2 (manufacturing) per 100 full time workers.
  • On average, an employee will miss 9 days of work due to on-the-job musculoskeletal injuries.
  • A workers’ compensation claim costs a total of $38,000, including wage and productivity losses, medical expenses and administrative costs (National Safety Council, 2005).

The bottom line is that approximately 5% of a company’s workforce will experience a work related injury resulting in an average of 9 missed days of work per year and each injury will cost the company $38,000 in direct and indirect costs. Thus, for a company with 200 employees, the cost would be $380,000.

Cost Reduction

    • Workers’ compensation claims and associated costs can be dramatically decreased by having Onsite Physical Therapy. When workers are treated off site, there is a cost associated with travel time. Let’s use the above example of a 200-person company with a 5% incidence of work related injuries or 10 workers’ compensation patients. An average number of treatments for offsite care of workers’ compensation claim is 19 (Workers Compensation Research Institute). If each patient, with an average hourly wage of $30, travels 30 minutes each way for 19 treatments, the cost to the company, in travel time alone, is $5,130.
    • When services are available at the workplace, this cost is eliminated. But that’s not the only savings. Our onsite physical therapists become intimately familiar with the workplace conditions that contribute to injury and re-injury. We direct treatment to job specific activities and evaluate ergonomics of work station. This results in a reduction in overall number of treatments and a faster “return to work” turnaround.

Personal Injury Costs

While costs associated with workers’ compensation claims are burdensome for companies, there are other injury-related costs as well. According to a study published in the Journal of the American Medical Association in 2003, headaches, back pain, arthritis and other muscle and joint pain cost U.S. employers more than $61 billion per year due to lost productivity secondary to pain. These injuries may not be severe enough (yet) for the worker to file a workers’ compensation claim – or they may be unrelated to the workplace. Regardless of the source, it is estimated that the productivity of a worker who is experiencing this kind of pain is reduced by 4.6 hours per week. If, for example, over the course of a year, a 200-person company has 15% of its employees suffering from these distracting symptoms for two months each, that’s over $33,000 in lost productivity.

Our Physical Therapy services are paid for by your workers compensation carrier and your employees’ major medical insurance. There is no increased cost to the company to implement onsite physical therapy.

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