Posey says the stability in workers' compensation loss rates is linked to the decrease in claims frequency, which has experienced a steady decline over the past decade.
In addition to patient safety programs, Posey says the decrease in workers compensation claims frequency could be credited to new technologies, including beds and patient lifting devices.
In addition, low nursing staff turnover in a weak economy has meant the retention of more experienced and competent staff. "So the recession in the economy has had an impact. The average experience and competency has risen, so we are seeing that as a driver for claims frequency decreasing," Posey says.
The biggest source for healthcare sector workers compensation claims revolves around patient handling.
"Workers compensation is in every industry but because of the unique exposure of healthcare workers you don't have other environments with patient handling," Posey says.