Page 20 - Healthcare PE Pitchbook 34210
P. 20
Post-close risk management
Success stories
RESULTS: RESULTS: RESULTS:
LOST-TIME CLAIMS CLOSED
21 10% MEDICAL-ONLY LOSS RATE 74% DECREASE IN
REDUCTION IN
STRAIN INJURIES
21 DAYS QUICKER
MEDICAL-ONLY CLAIMS
15 79% REDUCTION IN COST PER 69% REDUCTION IN
CLOSED INDEMNITY CLAIM
CLOSED 15 DAYS QUICKER
CLAIM COST
64% REDUCTION IN COST PER
CLOSED MEDICAL ONLY CLAIM
Over a 3-year period, Lockton was Lockton committed to staff an injury Implementing a safe patient
able to save the client $4.5M by coordinator and coordinated timely handling program reduced costs
litigating rates and working to help medical treatment and successful with an annual average savings
the client with claim resolutions. return to productive work. of $61K. The overall return on
investment was realized 6.2 years.
4.5M 74% 69%
in savings Loss rate Claims cost
Lockton Private Equity/Healthcare pitchbook 20 Lockton Companies
Success stories
RESULTS: RESULTS: RESULTS:
LOST-TIME CLAIMS CLOSED
21 10% MEDICAL-ONLY LOSS RATE 74% DECREASE IN
REDUCTION IN
STRAIN INJURIES
21 DAYS QUICKER
MEDICAL-ONLY CLAIMS
15 79% REDUCTION IN COST PER 69% REDUCTION IN
CLOSED INDEMNITY CLAIM
CLOSED 15 DAYS QUICKER
CLAIM COST
64% REDUCTION IN COST PER
CLOSED MEDICAL ONLY CLAIM
Over a 3-year period, Lockton was Lockton committed to staff an injury Implementing a safe patient
able to save the client $4.5M by coordinator and coordinated timely handling program reduced costs
litigating rates and working to help medical treatment and successful with an annual average savings
the client with claim resolutions. return to productive work. of $61K. The overall return on
investment was realized 6.2 years.
4.5M 74% 69%
in savings Loss rate Claims cost
Lockton Private Equity/Healthcare pitchbook 20 Lockton Companies
