Savings Opportunities
Substantial cost, risk, and time savings opportunities for companies of all sizes!
SAVINGS OPPORTUNITIES
BY INDUSTRY
CONSTRUCTION INDUSTRY STATS 2021
Avoid Fines
When an accident, inspection or audit occurs, are you confident in your ability to produce the documentation?
Avoid Lapsing Fees
How much have you spent on additional fees for lapsed licenses or equipment?
An Electrical Contractor (50 employees) using TMX saved an estimated $10,000 by avoiding expediting fees last year for meter calibrations and equipment testing.
Lapsed licenses also contribute to lost production time. This will cost your company thousands of dollars and potentially damage your reputation.
Contain Insurance Costs
What risk mitigation tools are you using to lower your underwriting cost?
A study by the American Society of Safety Engineers found that for every $1 spent on a quality safety and health program, the businesses saved $8 [CBO]
Insurance underwriters have the ability to modify their rates up to 25% based upon several risk mitigation strategies including using TMX Compliance.
Mitigate Accidents
Do you know if your employees or contractors are qualified to be working on their job site or operating your equipment?
Save Time
How much time is spent each month updating excel sheets, binders, or paper files?
Outdated boxes of paper, overstuffed binders, and massive excel docs cost your admin team multiple hours each week to attempt to maintain.
With TMX Compliance, every employee can access their own licenses and certifications. Automated alerts empower each employee to stay up-to-date without admin involvement.
TRANSPORTATION INDUSTRY STATS 2021
Avoid Fines
When an accident, inspection or audit occurs, are you confident in your ability to produce the documentation?
Avoid Lapsing Fees
How much have you spent on additional fees for lapsed licenses or equipment?
Contain Insurance Costs
What risk mitigation tools are you using to lower your underwriting cost?
According to American Transportation Research Institute, truck insurance premiums’ average cost rose 42% from 2010 to 2018. [WSJ]
Insurance underwriters have the ability to modify their rates up to 25% based upon several risk mitigation strategies including using TMX Compliance.
Mitigate Accidents
Do you know if your employees or contractors are qualified to be working on their job site or operating your equipment?
In 2020, an estimated 6,000 truck accidents involving “driver non-performance” (falling asleep, medical emergencies, etc.). Truck drivers who lack current medical cards may not be medically fit to drive, leaving other motorists in needless danger. [FMCSA]
6 of the top 10 driver violations in 2019 are directly related to missing or outdated license, certificate, or log documentation. [TRA]
Save Time
How much time is spent each month updating excel sheets, binders, or paper files?
Outdated boxes of paper, overstuffed binders, and massive excel docs cost your admin team multiple hours each week to attempt to maintain.
With TMX Compliance, every employee can access their own licenses and certifications. Automated alerts empower each employee to stay up-to-date without admin involvement.
LONG TERM CARE (LTC) INDUSTRY STATS 2021
Avoid Fines
When an accident, inspection, or audit occurs, are you confident in your ability to produce the documentation for CMS?
Avoid Lapsing Fees
How much have you spent on additional fees for lapsed licenses or clearances?
Almost every state requires LTC staff members complete minimum of 20-40 hours of training, specialized training for Dementia Care, and CPR training each year. [NH411]
Conservative estimates of turnover across the long-term care sector range from 45%-65% percent… are you confident that your current staff is keeping up with their licenses? [PHI]
Contain Insurance Costs
What risk mitigation tools are you using to lower your underwriting cost?
Assisted Living Facilities (AFLs) are not governed by federal rules, meaning the quality of care and qualifications of staff members are regulated by individual states – leading to unclear and complex rules. [NH411]
How are you ensuring your staff is compliant?
Insurance underwriters have the ability to modify their rates up to 25% based upon several risk mitigation strategies including using TMX Compliance.
Mitigate Accidents
According to the National Institute, 75% of nursing homes almost never met the CMS expected RN staffing levels – which further stresses the importance of compliance of the existing staff. [NIH]
Knowing your team is appropriately trained and qualified to care will allow your facility to minimize accidents – and directly impact your HEDIS Medicare Star Rating. [CMS]
Save Time
How much time is spent each month updating excel sheets, binders, or paper files?
Outdated boxes of paper, overstuffed binders, and massive excel docs cost your admin team multiple hours each week to attempt to maintain.
With TMX Compliance, every employee can access their own licenses and certifications. Automated alerts empower each employee to stay up-to-date without admin involvement.
Stop wasting resources updating
those overstuffed binders
“