Solutions for Your Unique Healthcare Risk Management Challenges

Transcription

1 Solutions for Your Unique Healthcare Risk Management Challenges

2 Rising to Meet your Healthcare Challenges Beecher Carlson s National Healthcare Practice is acutely aware of what is ailing healthcare providers. You can stay ahead of changing risks by leveraging our advanced analytics, financial analysis, modeling, benchmarking tools and, most importantly, our respected healthcare experts. At Beecher Carlson, we have a team of professionals with extensive healthcare experience. With both clinical and risk financing experience, we come prepared to understand and offer creative solutions for your particular challenges. Beecher Carlson s unsurpassed risk management expertise in healthcare help you manage your business, protect your capital and fulfill your corporate mission of excellent quality and service. Explore the many solutions we provide to meet the challenging risks of modern medicine.

3 Insight. Innovation. Solutions. Create competition in the insurance market Competition generally means better coverage at lower costs. You benefit from our carrier relationships and our ability to create interest in the marketplace. Provide customized policy design One size does not fit all, especially when it comes to risk management in healthcare. Many policies are filled with ambiguous language and coverage gaps. We find the best policy for your specific risk. Analyze your claims history One reason for inappropriate premium cost is misinformation about your claims history. By looking at the losses you have incurred and comparing them to the premium you are paying, we can put an actuarial spotlight on this part of your business. Ensure appropriate reserves Reserves drive down premium and can often be set too high relative to the actual claims costs. Costs can be driven down by ensuring your reserve amounts are appropriate and warranted. Those who demand more choose Beecher Carlson.

4 Strategically plan for emerging / future risk In addition to reviewing claims history, it is also crucial to look at where your risk can be mitigated to proactively avoid losses. Check out more information on ZOOM, our patent pending business process that allows you to focus on strategies to drive down your total cost of risk. Engage in an aggressive claims defense strategy This is not just about the money; it s about your work and your reputation. Our hands-on approach improves the likelihood of proper discovery, investigation and defense. Present risk financing alternatives There are different ways to address medical professional liability, ranging from guaranteed cost to full self-insurance to a captive. You can make the choice that is right for your organization once these options have been thoroughly analyzed and presented. Leverage technology Many of your most basic frustrations can be eliminated by utilizing our innovative healthcare risk management technologies. Our proprietary PULSE software allows for complete online medical professional liability underwriting and policyholder service online. Collabor8 provides a customized extranet where you can use insurance and risk data to assess, analyze and mitigate your risk and perform key business processes online. Implementing these and other Beecher Carlson solutions into your workflow eases administration tasks and drives down costs.

5 Comprehensive Healthcare Risk Management Expertise Beecher Carlson s clients represent managed care organizations, academic medical centers, complex teaching hospitals and physician organizations where we provide comprehensive expertise in: Healthcare Professional Liability Hospital Professional Liability Physician Medical Malpractice Errors & Omissions Liability Excess Umbrella Executive Risk Solutions Directors & Officers Liability Employment Practices Liability Insurance Crime Fiduciary Liability Kidnap & Ransom Medical Excess Loss Solutions HMO Reinsurance Employer Stop Loss Insurance Provider Stop Loss Insurance Epidemic and Terrorism Insurance Property & Casualty Property & Business Interruption Insurance Workers Compensation Healthcare Enterprise Privacy Insurance Environmental Impairment Specialty Services Reinsurance Brokering Actuarial Support Alternative Risk Financing Captive Feasibility & Formation Risk Retention Group Formation Finite Transactions Loss & Exposure Analysis Rate & Premium Allocation Models Risk Management Claims Management Litigation Management Managed Care Providing our managed care clients with the confidence to think ahead is the goal of our managed care team. Our straight-forward, data-driven, value-based approach has made Beecher Carlson the industry s most trusted managed care risk advisor. Academic Medical Centers (AMCs) and Complex Teaching Hospitals The care provided at AMCs and complex teaching hospitals are often the most technical and complex in the country. Our special team of insurance experts strategically positions these facilities to anticipate growth, spot emerging risks and help proactively plan to reduce total cost of risk. Physician Organizations By aggressively advocating, educating and illuminating the details behind costs for our physician practice clients, they can make sound decisions regarding their insurance purchases and risk management. Our unsurpassed risk management expertise help physicians manage their practice and protect their captical with confidence.

6 National Healthcare Practice