Municipalities Seek Innovative Ways to Balance Budget

Share Article

Company Nurse President Paul Binsfeld Comments on Opportunities to Tackle Rising Healthcare and Workers’ Compensation Costs

Paul Binsfeld, Founder and President of Company Nurse, LLC

“Company Nurse gets involved at the front end of the workers’ compensation claims process. This prevents supervisors from having to make treatment decisions," says Dr. Karla Rhay, chief admin. officer of Southern Calif. Schools Risk Management.

From Warren Buffet’s recent decision to exit municipal bonds – as reported in the August 21 Wall Street Journal article, titled Buffet’s Move Raises a Red Flag – to Moody’s Investor Service reporting last month that the risk of defaults on municipal bonds is rising in markets across the U.S., there are concerns over the state of municipal finances. Company Nurse, LLC Founder and President Paul Binsfeld responds to the recent state of municipal bankruptcy and budget deficits garnering national attention:

“The threat of ratings downgrades and increased borrowing cost have led many city and state municipalities facing large budget gaps to seek innovative ways to reduce expenses and manage liabilities,” states Binsfeld.

By streamlining and managing workplace injuries from time of injury to return to work, Binsfeld believes his business model offers a solution to help cash-strapped state and local governments tackle rising healthcare and workers’ compensation costs.

Company Nurse has experienced significant growth in financially strained states like California because they offer a solution to rising insurance costs by mitigating against risk. By reducing treatment delays and leveraging the most appropriate and cost effective level of care, Company Nurse is able to improve claims outcomes and reduce costs involved in workplace injuries.

“Company Nurse gets involved at the front end of the workers’ compensation claims process,” says Karla Rhay, Ed.D, chief administrative officer of Southern California Schools Risk Management. “This prevents supervisors from having to make treatment decisions. Triage nurses also have the medical expertise to offer simple first aid recommendations. As a result, 40 percent of incoming calls result in report-only claims, meaning employees do not require any additional medical care.”

Southern California Schools Risk Management experienced a 30 percent reduction in workers’ compensation claims and decreased its overall program costs by 20 percent through Company Nurse’s program.

Binsfeld comments, “Our approach to managing workplace injuries has led to better outcomes to both employees and employers providing early intervention and preventing unnecessary treatment costs.”

Company Nurse provides telephonic workplace nurse triage to over 1,500 school districts and state and local municipality employers across the U.S. For more information, visit http://www.companynurse.com.

About Company Nurse
Founded in 1997, Company Nurse, LLC is a premier provider of work injury telephone nurse triage. As an independent facility, Company Nurse ensures easy access and prompt delivery of reporting and services to reduce losses, effectively influence claims outcomes and improve return to work time. Registered nurses carefully listen to employees and their supervisors to assess the severity of injuries, channel them to the appropriate level of care and help navigate the workers’ compensation claims process; while keeping management informed with status updates. For more information, visit http://www.companynurse.com or call (888) 817-9282.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Andrea Kalmanovitz
Visit website