Employing a full-time professional risk manager is not in the budget for most healthcare providers. Instead, risk management functions are spread among staff who have other, higher-priority responsibilities. As a result, insurance and risk issues are often neglected, leading to unnecessarily high insurance costs and unmanaged exposure to significant risks.
We can take on all your insurance and risk management work, enabling your staff to focus on their main roles for your business. We will deliver lower insurance costs, better coverage, and streamlined processes to help you and your organization focus on core competencies and business goals.
Our outsourced risk management services include;
- Managing the insurance purchasing process and interfacing with brokers to ensure you get the optimal terms, conditions, and pricing for all your insurance coverage.
- Developing, implementing, and overseeing risk management information systems, risk control procedures, claims reporting, and insurance recovery processes, including litigation management and third-party administrator (TPA) oversight.
- Creating management reports to track the performance of your insurance and risk management program against your personal and organizational goals.
- Managing day-to-day insurance matters, including certificates of insurance, contract review, contractual risk transfer, cost allocations, and mid-term changes to coverage.
By tailoring our outsourced risk management program for your needs, our service often pays for itself within a year by reducing your insurance costs.
