12 Oct Synergy Comp & SOS Consulting Help Living Branches Cut Claim Costs in Half!
Synergy Comp and SOS Consulting are pleased to present their latest risk management success story!
Living Branches is a not-for-profit system of retirement and family living communities in southeastern Pennsylvania. The organization exists to provide and maintain life-enriching experiences for those residents who live at each of their communities.
Synergy and SOS Consulting began working hand-in-hand with Living Branches in 2015. Corrective actions and open communication resulted in a decrease in claim frequency and an overall improvement in the safety culture. Living Branches now has a more proactive approach when it comes to safety.
“We have been with Synergy for several years,” says Kathy Shott, Chief Human Resources Officer. “They delivered on what they promised – our MOD has decreased.”
Upon partnering with Synergy Comp and SOS Consulting, the three have worked hand-in-hand to produce impressive results.
Results From Our Hands-On Approach
Synergy Comp Insurance Company’s foundation is built on the concept of being “hands-on.” What does that mean? We take pride in being a company that is proactive. Instead of reacting to issues as they occur, we maintain a hands-on, proactive approach so that when challenges do arise, we’re already steps ahead.
The Synergy Comp model helped Living Branches drive down claim costs and frequency which resulted in a reduced mod and insurance premium. More importantly, we helped Living Branches reduce workplace accidents and provided a happier and healthier team for the insured.
2014 PRE SYNERGY
Annualized Total Incurred Cost $388,425
Average Claim Cost $9,664
Experience MOD 1.25
2018 WITH SYNERGY
Annualized Total Incurred Cost $175,893
Average Claim Cost $5,108
Experience MOD .958
Annualized Total Incurred Cost 55% Decrease
Average Claim Cost 47% Decrease
Experience MOD 23% Decrease
*With Synergy Data as of 10/9/2018
Synergy Comp and SOS Consulting continues to identify existing and evolving risk factors, then work with management to implement changes that will reduce injuries, improve employee morale, increase productivity, and boost profitability, quarter after quarter, year after year.
If you’re interested in improving your workplace safety or learning more about our hands-on approach, click the button below!
The partner relationship between Synergy Comp and SOS Consulting helped create a safer workplace for the team. Through a strong claims process, risk assessment and loss prevention plan, the healthcare company was able to quickly improve their workplace safety!
If you have a healthcare company that could benefit from similar results, contact us today to learn how Synergy Comp and SOS Consulting can work with your client or prospect.
Meet Our Production Underwriters!
Erica DeCarmen, Production Underwriter
Western PA, MD
(724) 977-3687 email@example.com
Brian Gossner, Production Underwriter Eastern PA
Eastern PA, NJ
(215) 510-2229 firstname.lastname@example.org
Jeff Peltier, Production Underwriter
(248) 568-4140 email@example.com
*Details on Living Branches are directly from their website as of 9/18/2018.