Page 487 - Microsoft Word - FY 2022 Adopted Budget Document

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Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 3: Seek New or Alternative Funding Sources
Project Performance Measure(s) City Service Team (Department)
Core Workers’ Compensation Network Completed Analysis Shared Services (Human
FED Analysis Resources)
1.3.2
Summary:
Milestone Estimated Status
The City may be able to recognize cost savings by Completion
st
establishing its own workers’ compensation network in Assess available 1 Qtr. FY 2021 Complete
accordance with Texas Labor Code allows a political options
subdivision to either enter interlocal agreements with Review TDI 2020 1 Qtr. FY 2021 Complete
st
other political subdivisions to establish or join workers’ Network Report
compensation networks, by directly contracting with Scorecard for Existing
health care providers. The potential exists for overall Network performance
reduced costs due to better utilization statistics and better Review of existing 1 Qtr. FY 2021 Complete
st
control over medical expenses. claim data against
current vendors
Update: networks
Risk Management continues to evaluate available options Conduct Cost/Benefit 4 Qtr. FY 2021 In Progress
th
st
and will finalize due diligence and review by end of 1 Analysis
quarter FY 2022. Present findings to 2 Qtr. FY 2022
nd
CMO during
Comprehensive
Financial Forecast
Evaluate Next Steps 2 Qtr. FY 2022
nd

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