Healthcare Risk Management
Insurance Solutions for Physicians and Healthcare Facilities
USI’s Healthcare Practice addresses risk exposures and financial challenges for organizations associated with the healthcare industry ranging in size from regional health systems to individual doctor groups and clinics. We advise clients on managing risk in targeted, systematic ways that focus on technical issues, administrative concerns, risk management and risk financing. Our Healthcare Practice serves hospitals, physicians, surgery centers, dialysis clinics, senior care/assisted living facilities, residential treatment facilities, permanent and locum tenens staffing companies, urgent care centers and managed care organizations.
With decades of commitment to the healthcare delivery system, USI’s team of industry veterans brings a wealth of risk management solutions providing significant economic impact and addressing current and emerging healthcare industry issues. We have access to both traditional and nontraditional risk transfer solutions such as captives, risk retention groups and risk purchasing groups—to transfer risk exposure in the most cost effective manner.
USI’s Healthcare Practice offers specialty coverages, analysis and solutions including:
- Medical Professional (Malpractice) Liability
- Healthcare General Liability
- Directors and Officers Liability
- Healthcare Facility Property Insurance
- Workers’ Compensation Insurance
- Employment Practices Liability
- Cyber Liability and HIPAA Privacy
- Automobile Liability
- Medical Billing & Governmental Regulatory Claims Coverage
- Errors & Omissions Coverage
- Loss History Analysis
- Loss Control
- Claims Advocacy
- Required Bonding
- Modification Review
We also offer the following special programs:
- ACO Shield for Integrated Delivery Systems
- CHC Shield for Federally Qualified Community Health Centers
To analyze our client’s business issues and challenges, our Healthcare team leverages USI ONE™, a fundamentally different approach to risk management. USI ONE integrates proprietary business analytics with a network of local and national technical experts in a team based consultative planning process to evaluate the client’s risk profile and identify targeted solutions. Clients then receive tailored recommendations for improving their total cost of risk.
Experience the USI ONE Advantage® and learn how USI’s Healthcare team can help you manage your healthcare facility or professional risk exposures providing greater protection and control. Email
PCsolutions@usi.com to learn more or contact your local USI office today.
USI’s Healthcare Review of Loss History Records Realizes almost $1 Million in Cost Savings for a New Client
A multi-specialty physician group with 220 doctors had been with their incumbent carrier for more than two decades with a very favorable loss ratio. USI’s Healthcare team completed a comprehensive review of their 26 year loss history and determined that they were being overpriced, and that their structure of limits/coverage was severely outdated.
USI built pricing expectations using a detailed data analysis of their claims (with breakdowns for type of claim and resolution in addition to financial outcomes) and negotiated with underwriters—obtaining similar structure to their existing program with a savings of nearly $350,000. We also determined that a much more aligned retention funding mechanism could reduce their premium by almost $1,000,000 in one year with no additional upside risk and improved cash flow.
Not a client yet?
Speak to a representative at your local USI office today!