Long-Term Senior Care Provider Cuts Injuries and Cost with POET
Benchmark Period
Feb. 2012 – Jan. 2013 (12 months)
Program Overview
A national provider of senior long-term care was experiencing a high rate of new hire musculoskeletal injuries, including sprain/strains, overexertion, and cumulative trauma in the three year period prior to implementing BTE’s POET solution. BTE was retained to develop a validated POET program on a pilot basis to screen incoming front-line care providers.
Key Results
– 92% improvement in incurred cost: POET tested vs. non-POET tested
– 74% lower average cost per claim: POET tested vs. non-POET tested
– 20% improvement in case closure rate: POET tested vs. non-POET tested
– Reduced incidence rate on POET tested candidates: 2.8% vs. 15% national average
– Assuming a 25% injury rate on failed candidates, the company avoided an additional $447,647
First Year Savings
Direct savings from reduced claims expense exceeded all program development and testing costs by 59%. Including claims avoidance, the savings are $3.82 for every dollar spent
First Year NET ROI
Applying the industry loss development factor to the claims, the net ROI is 459% after one year
For further information, read the full Progress Metrics Snapshot (PDF)