Tech Time: Technology Advancements Impacting Risk Management Today Recording of this session via any media type is strictly prohibited. Page 1 The panel Ron Gray AccentCare, Inc. - Director of Risk Management Mr. Gray has been in the insurance/risk industry for 25 years. In his experience, he has worked in many different facets of Risk. He has worked for carriers, third party administrators and on the risk management side for corporations. He is currently the director of risk management for AccentCare, Inc. Jarrod Magan Sedgwick - VP Client Technology Services Mr. Magan is vice president of client technology services for Sedgwick. In this role, Jarrod oversees the client facing aspects of Sedgwick’s viaOne® suite of applications. His responsibilities include managing client setup, training, and client customization, along with developing the strategic direction for the suite. Page 2 What to expect After attending this session you should be able to: Analyze the impact of technology on risk management Understand the current and emerging technology landscape Adopt the lessons of a technology driven risk management program Page 3 Tech Time Advancements Challenges Recording of this session via any media type is strictly prohibited. Page 4 Challenges • Injured workers feel disconnected from the process and that it’s less of a partnership • Clients and examiners need to identify what is needed for a claim in order to make faster and more accurate decisions and achieve better outcomes • Need for keeping costs down • Difficult and complex governmental regulations, making compliance increasingly more difficult • Need for tracking information as well as increasing in the number of data sources available Page 5 Tech Time Advancements Tablestakes Recording of this session via any media type is strictly prohibited. Page 6 Tablestakes • Real time access to claim details, payment history, notes, etc. • Reporting capabilities that are robust, timely and easy to use • Claim notification via the web, as well as more traditional channels (i.e., call, email, fax) • Data visualization • Data integration capabilities (internal and external sources) Page 7 Tech Time Advancements Increasingly becoming tablestakes Recording of this session via any media type is strictly prohibited. Page 8 Increasingly becoming tablestakes • Paperless environment • Rules-based activity: • System-directed workflow • Flags and triggers • Claim assignment • System Diaries • Predictive modeling: • Large losses • Attorney representation • Medical escalation • Fraudulent claims Page 9 Increasingly becoming tablestakes • Integrated platform of services • Bill Review • OSHA • Nurses • Surveillance • Custom branding • Single Sign-on • Social Media • Self Service capabilities • Reporting claims, running reports, viewing information, etc. • Embedding established guidelines that can be used to influence the management direction of the claim. (i.e., ODG) Page 10 Tech Time Advancements A real world example Recording of this session via any media type is strictly prohibited. Page 11 AccentCare, a real world example Dashboards OSHA 300/300A logs Bureau of Labor Statistics reporting Electronic Sharps logs RMIS System Learning Management System Technology improvements that lead to time saving Page 12 Dashboards • Frequency by month • Closing by month • Payments by month • Current open pending • Outstanding liabilities Technology improvements that lead to time saving Page 13 OSHA 300/300A Manual Logs OSHA Tracking • Incidents had to be manually logged by the location • Claims system tracks modified duty days and off duty days • Track off duty days and modified duty days • Ability to upload employee count and hours worked and then print out all 130 logs • Employee count and hours had to be manually entered • Sign all of the logs Technology improvements that lead to time saving Page 14 Bureau of Labor statistics reporting Each year we get “random surveys” to report our employee injuries to the Bureau of Labor • We had to report our injuries for over 30 locations for accident year 2013 • The old method would have taken over 15 hours to complete • The new method can be completed in under an hour Technology improvements that lead to time saving Page 15 Electronic Sharps Log The Bloodborne Pathogen Standard requires a Sharps Injury Log for all injuries occurring from contaminated sharps in addition to the OSHA 300/300A log • Historically we have had the locations complete and maintain their log • We are now maintaining and producing the log in the same manner as the OSHA 300/300a and BLS reports Technology improvements that lead to time saving Page 16 Risk Management Information System (RMIS) RMIS system allowed for a paperless environment for: Claims Location tracking Contract management Supplier management Technology improvements that lead to time saving Page 17 Learning Management System (LMS) Historically very labor intensive to track training for all employees • Paper records in personnel files • Spreadsheets to track who has completed training Current LMS system • Allows electronic tracking of completion and storage of test results and sign off sheets • Automatic reminders for non-compliance • Ease of proof of training for audits and inspections Technology improvements that lead to time saving Page 18 Tech Time Advancements The future is now Recording of this session via any media type is strictly prohibited. Page 19 The future is now The Influence of Mobile Cloud Technology Big Data Push Technology Embedded Predictive Modeling Wearable Technology Page 20 Tech Time Advancements Looking ahead Recording of this session via any media type is strictly prohibited. Page 21 Looking ahead The Use of Drones The Internet of Things The Rise of Smart Machines Telemedicine and Streamlined Care 3D Printing Augmented Reality Page 22 Questions, final comments and contact information Ron Gray AccentCare, Inc. - Director of Risk Management Email: rgray@accentcare.com Jarrod Magan Sedgwick - VP Client Technology Services Email: jarrod.magan@sedgwick.com Twitter: @jarrodsmagan Page 23 Please complete the session survey on the RIMS14 mobile application Recording of this session via any media type is strictly prohibited. Page 24