Disability Management Solutions For Your Corporate Clients IN PARTNERSHIP WITH
Who is TeksMed Services?
A trusted industry-leading solution ready to deliver the care employees deserve, and the peace of mind that employers need.
We offer a unique disability management solution that’s proven to mitigate lost time and its effects with a focus on employee health and ability.
The Philosophy
Employees are an employer’s greatest assets, and we treat them as such. With our services, employees benefit from rapid diagnosis and treatment, less stress, less time and wage loss, and an early and safe return to work.
A Quick Overview 1.) Occupational Disability Management TeksMed offers a unique claims management solution that’s proven to mitigate lost time and its effects with a focus on employee health and ability – the WorkAbility program
+
2.) Non-Occupational Disability Management Avoid costly prolonged absences as a means to maintain workplace productivity and marketplace competitiveness. Proactive implementation of modified duties with expedited recovery saves time and money.
3.) QuikCare Platinum New Stand-Alone Product! QuikCare Platinum provides a unique healthcare benefit by allowing those who are placed on a medical wait list greater than 21 days, immediate access to diagnostic scans (MRI/CT scans) and specialist consultations with the cost FULLY covered.
Group Benefits and TeksMed Services
A perfect addition to an employer’s Group Plan as it takes all stress and work out of disability claims and focuses on expediting the process to get employees back to work, ultimately reducing claims costs and employee absenteeism. TeksMed Services compliments any traditional benefits plan.
How Does TeksMed Add Value for your Clients?
Employers are tired of waiting for their employees to return to work while seeing claims costs increase with insurance premiums.
Absent and disabled employees staying off work cost businesses over
16.6 billion dollars in Canada.
What TeksMed Offers Non-occupational disability management Occupational claims management Short-Term Disability adjudication Comprehensive Return-To-Work services EI disability management Workplace accommodation services Expedited medical diagnostics and specialist appointments
Core Benefits Superior Product Offering Financial Savings to Clients Sales and Marketing Support Generous Additional Compensation
Time
IS
Money
Absenteeism and disability claims costs across Canada are steadily rising. For three consecutive years, Canadian employees took an average of 7.4 sick days which costs our economy 16.6 billion dollars per year. Inefficient and mishandled disability management hurts the bottom line of every Canadian business.
7.5 SICK DAYS PER YEAR
$16.6 Million PER YEAR
Adding a Revenue Stream
TeksMed will collaborate and partner with insurance brokers in the marketing and sale of their industry-leading time-loss management products and services. All brokers will be given the exclusive opportunity to add additional residual revenue streams by utilizing the unique products and services that TeksMed provides.
ROI Case Study A company partnered with TeksMed Services Inc. in December 2010 with the goal of reducing their administrative load and claim costs.
773
EMPLOYEES
Return on Investment (ROI) The Company’s Investment:
2007 – 2010 Averages 130 – Annual injury frequency $1.9M – Premium with surcharge
Total ROI
Total monthly of $3,764 cost of: $1.2M premium 2012-2015: annual covering premiumthe with rebate $1.7M Total cost recoveries from historical files 2011 A dedicated Return to Work Coordinator/Paralegal to process and manage all claims $702,388 AveragePaid yearly savings health from 2012 expedited care services legalsince services including in-person representation at hearings $4,509,552 TotallyPaid savings partnership $19 Account management $225,840 Total program costs since 2010services Return for every
$4,283,712
$1
WCB costs are one of the highest costs after payroll. In Comparison:
Car Insurance WCB
On average in Canada companies pay 3 times the cost of the claim in the form of additional premiums.
When you get into a car accident your premiums go up.
The higher the cost of the claims the “bigger the accident� and the higher the premiums go up.
$20/hr
$160
$800
Employee costs a company
Off-work day turns into an additional
Off-work week costs the company
$60/hr
$480
$2,400
when off work
In additional premiums
Every day counts!
In additional premiums
Lost Time What is lost time? How does it affect businesses? Lost time occurs when an employee suffers an injury or illness during employment and requires time off work for recovery.
Lost time costs everyone.
WorkAbility Workers’ Compensation Disability Management
Your Trusted Disability Management Experts
The Solution A trusted industry-leading solution delivering the care employees deserve, and the peace of mind that employers need for over 20 years.
The unique WorkAbillity approach combines Claims, Ability and Health Management proven to mitigate lost time and its costs. TYPICAL CLAIM DURATION
That’s 12 times faster than Canada’s average!
Recover At Work
with TeksMed’s industry leading QuikCare Passports
Employees benefit with: Faster recovery Stay connected with co-workers Earn full wages Employers benefit from: Retention of skilled employees Improved workplace culture Maintain productivity and workflow Reduced Worker’s Comp costs
TeksMed’s early intervention and focus on ability, not disability, minimizes lost time and wage loss.
Claims Management TeksMed does it all, from the onset of injury to claim conclusion, alleviating the time consuming administrative burden.
Our expert team is proficient at successfully achieving cost relief on current and past claims. Our experts ensure all components of a claim are effectively and efficiently managed, from filing an Employer’s Report Form7 to handling complicated appeals.
Health Management A speedy recovery directly translates into an early and safe return to work.
TeksMed’s unique WorkAbility program comes equipped with the exclusive QuikCare service.
QuikCare is available at no additional cost to companies or their valued personnel.
Eliminating excruciating wait times by providing injured/ill employees with access to expedited health care services (MRIs, CT scans, specialist consultations and more.)
Financial Savings Reduced annual workers’ compensation costs by at least 50%
WorkAbility Program The Benefits
Increased Productivity Getting injured employees rapidly and safely back to work eradicating time loss.
QuikCare World Class Healthcare Getting injured employees rapidly and safely back to work eradicating time loss.
Employee Engagement Financial Savings
WorkAbility Program The Benefits
Morale by workers’ demonstrating that valued employees treated Reducedboost annual compensation costs by at leastare 50% with empathy and care – not like robots.
No Cost Legal Representation Increased Productivity Getting injured employees rapidly and safely backappeal to work In-person legal representation provided to tackle hearings, eradicating timeand loss.giving you peace of mind. saving you time
QuikCare World Class Healthcare Reduced Administrative Burden
Getting employees rapidly andwe safely back work your Focus oninjured running your business while focus on to getting eradicating time to loss. employees back work and managing their claims.
5 Steps - S.I.G.N.S. For agents
1.
Screen Prospect
2.
Inform Client of Services
Companies with greater than 40 Employees with non-sedentary duties.
Elevator pitch, Brochure and ROI.
$
Gather Interest $ 3. Get ERA, Employee count and contact details.
4. $ 5.
Notify the client
TeksMed will call and provide pricing information.
Sale Complete
$
One month commission once signed on.
Other Solutions
DMS & QuikCare Platinum
+ Self-funded STD model
Adjudication – against definition of disability and scope of coverage Benefits – advice to pay or otherwise Claims Management – comprehensive with constant communication Mental Health TeksMed has developed an extensive best practice disability claim management model.
TeksMed ensures that at least 90% of claims management cease prior to the duration established by the Disability Duration Guidelines (DDG).
QuikCare Platinum grants employees expedited access to diagnostic scans as well as specialists appointments for non-occupational injuries or illnesses.
QuikCare Platinum is currently available to employers partnered with TeksMed.
-
Eliminating excruciating wait times Promoting faster recovery Become Employer of Choice Improving productivity Supporting positive culture
The Correlation Between Group Benefits and TeksMed Services
TeksMed Services compliments any traditional benefits plan for companies with 50 employees or more.
Adding a Revenue Stream
All brokers will be given the exclusive opportunity to add additional residual revenue streams by utilizing the unique products and services that TeksMed provides.
Tekstimonials
Thank you!
Questions? TeksMed Services
/teksmed
Ask us about other solutions from TeksMed
@TeksMedServices