What's New...  

  • Workers' Comp Symposium Focused on Managing Medical Costs
    In recent years, medical costs have surpassed indemnity costs as the greatest portion of workers' compensation claims. Because of this emerging trend, the 12th annual Illinois Risk Management Services/Illinois Compensation Trust Workers' Compensation Symposium concentrated its breakout sessions on managing medical costs. Read more>
  • REAP Saves IPT Hospitals Over $760,000 in 2015 
    The Illinois Provider Trust's (IPT) is a pooled risk program, providing hospital professional and general liability coverage to 29 Illinois hospitals.  A cornerstone of IPT is the Risk Exposure Adjustment Program (REAP), which has been designed to identify and help reduce exposures impacting claims severity and frequency.  REAP provides IPT hospitals with risk criteria established using evidence-based guidelines and best practices.  Compliance with REAP results in reduced annual contribution to the Trust, and the implementation of REAP criteria contributes to patient safety and quality care.  To read more Click Here or for more information, contact Cheryl Hellyer at 630.276.5672.
  •  ICT Newsletter, March 2015
  • NEW FAQ: The Use of Blood Glucose Monitors for Critical Care Patients
    We have been using blood glucose monitors throughout the entire hospital for years to test patients' blood sugars.  We recently heard that CMS has banned the use of blood glucose monitors for critical care patients.  How should we define critical care patients?  What options do we have for testing patients' blood sugars at the point of care?
  • Memo: FDA Safety Communication on Reprocessing of Duodenoscopes
  • ICT  Announces Record $4.6 Million Dividend for 2014
    Illinois Compensation Trust (ICT) is pleased to announce a record-setting 2014 member dividend of $4.6 million.  This year's dividend represents 31.7% of total member contributions.  Since 1982, the program has returned more than $71 million to participating hospitals.  ICT, managed by Illinois Risk Management Services, a part of IHA Business Solutions, is a hospital-owned workers' compensation program serving nearly 100 hospitals and related health care organizations in Illinois.  Staff contact: Dianne O'Donnell
  • IPT Announces Record $5.8 Million Dividend for 2014
    Illinois Provider Trust (IPT) is pleased to announce a $5.8 million dividend for 2014, the largest dividend in IPT program history.  This year's member dividend represents a return of approximately 55% of the average member's total primary contribution.  More than $77 million in dividends have been issued to IPT members since 1979.  IPT, managed by Illinois Risk Management Services, part of IHA Business Solutions, is a Hospital Professional/General Liability program serving Illinois hospitals and their affiliated physicians.  Staff contact: Dianne O'Donnell
  • OSHA Requires Mandatory Posting of Injury/Illness Summary Form
    To comply with the OSHA recordkeeping rules posting OSHA's Form 300A is required.  The 300A summarizes the total number of
    job-related injuries and illnesses that occurred during 2014 and were logged on OSHA's Form 300.  The summary must be posted between February 1 and April 30, 2015.
  • IRMS Workers' Compensation Shares Return to Work Best Practice
    Illinois Risk Management Services (IRMS) Workers' Compensation program, a part of IHA Business Solutions, has released the fifth installment in their Capstone series on member best practices.  "Return to Work" features a community health system's successful approach to re-engaging employees injured on the job while simultaneously reducing hospital cost and fostering a culture of caring.

    This best practice was presented at the IRMS' 2014 Workers' Compensation Symposium, illustrating how information sharing and collaboration can assist in reducing overall worker's compensation costs.

    Previous Capstone summaries have highlighted other key issues such as pre-employment testing policies; slip, trip and fall prevention; and hazard prevention strategies.  Staff contact: Mike Baiardo
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    IHA is delivering more value to its members by collaborating with AHA SmartMarket. Here, health care professionals and vendors exchange creative ideas and address challenges affecting their strategic objectives.
  • "NIOSH List of Antineoplastic & Other Hazardous Drugs in Healthcare Settings, 2014"
    NIOSH has released the above posting, an updated list of the hazardous drugs that healthcare workers administer to patients, such as those used for cancer therapy.  The agency estimates 8 million US healthcare workers are potentially exposed to such drugs in their workplaces.