Good Problem to Have: Workers Comp
- Donna Ray Berkelhammer, Esq.
- Aug 21, 2023
- 1 min read
You are growing. You correctly hired employees instead of assuming new workers could be contractors. Many business owners know that workers compensation insurance ("Workers' Comp") is required upon hiring your third employee – including full and part-time and including the owners. But not everyone stops to think about what would happen if their first employee were injured on the job.
Even if you are not required to carry Workers' Comp, you are responsible for paying for on-the-job injuries. Also, make sure you timely report these injuries, even if you don’t make a claim.
Something that seems minor that you’d rather pay out of pocket without making a claim can sometimes turn into “a thing.”
Navigating the administrative side of workplace injury cases can be just as important as addressing the injury itself. In some practices, establishing efficient workers comp collections processes helped ensure that medical facilities could continue offering care without interruption, even when reimbursement timelines stretched out. Examples like this highlight how thoughtful revenue management supports both patient care and organizational stability.