PRIMA is updating our flagship publication: Public Risk magazine
Starting in 2020 Public Risk will be condensed to 6 issues; the same great content delivered every other month!
Public Risk provides risk managers with timely, focused information in an easy-to-read format. It features articles from risk management practitioners as well as industry professionals. Articles range from current trends, risk management procedures and guidelines, legislation changes, spotlights and more that will engage your office while keeping them informed!
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Managing the Risks & Costs of Cancer
By Arnel Mondejar, RN, BSN, CCM
Cancer is one of the leading causes of death and disease in the United States. Not only does it take an enormous toll on the health of patients, it also has a tremendous financial impact. Due to these concerns, public entities, human resources (HR) departments, and risk managers are starting to pay closer attention to this disease. Healthcare costs are already on the rise, and specific areas—such as cancer—require more vigilance and innovative approaches to control costs and improve outcomes.
A key reason is the incidence of cancer is increasing. Approximately 1 in 2 men and 1 in 3 women will be diagnosed with a life-threatening form of cancer in their lifetime. Second, new cancer drugs are being introduced to the market at staggeringly high costs. For example, 11 of the 12 cancer drugs that the Food and Drug Administration approved in 2012 were priced at more than $100,000 per person for a year (cancer treatment is usually long term). Unfortunately, these prices are becoming the norm. So much so that a new term has come into in the healthcare lexicon—financial toxicity—that refers to the emotional, mental, and physically debilitating and potentially life-threatening side effects induced by the costs of cancer treatment. Patients faced with high costs may skip medication or treatment or drop into depression, wondering how they’ll afford treatment.
Stress and the Risk Manager: Avoiding Burnout
By Joe Jarret
Whether it’s the day-to-day management of risk, adjusting claims, securing excess or primary insurance, managing self-insurance retentions, writing reports, training, and keeping the workplace safe, the risk manager can be prone to burnout. Burnout, if left unchecked, can result in a reduction in cognitive ability, make one more susceptible to acute and chronic illness, and adversely affect overall job performance. Because workplace burnout and stress can prove to be major impediments to healthy, productive work environments, the World Health Organization (WHO) has officially recognized workplace burnout as an occupational hazard. In so doing, WHO included the term in its “International Classification of Diseases” (ICD).
Workers’ Compensation Providers Are Reinventing Networks by Increasing Their Focus on Efficacy and Efficiency
By Kate Farley-Agee
Most discussions about the state of U.S. health care quickly lead to a grim but straightforward diagnosis: the system is broken. The evidence abounds, and it’s compelling. The U.S. spends more per capita than any other country, yet often produces only lackluster outcomes. Access to care can be poor. Even average life expectancy, which notched steady gains for decades, has ticked lower in recent years.
But it’s not all bad news. Unpacking the state of health care reveals that not every aspect of the system is dysfunctional. In fact, some parts have never been better. A profusion of medical research is arming clinicians with deeper insights into how the body works. Previously unimaginable treatments are poised to become commonplace. Technology is sometimes erasing enormous distances between caregiver and patient. Data analytics, including artificial intelligence, is making an impact on priorities and decisions in the system.