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Advancing Community Hospitals

HELP WHERE HOSPITALS NEED IT ®

HELP WHERE HOSPITALS NEED IT ®

Risk Management and Insurance

 

CHC Consulting helps hospitals evaluate their risk management and insurance programs to identify appropriate levels of coverage, potential savings, and enhancements to terms and conditions. Our service approach is to develop a collaborative business partnership and focus on education to meet the unique risk management and insurance needs of each hospital.

 

Risk Management

 

As part of the Risk Management Assessment, we look at existing loss prevention and loss control processes for operational exposures, and:

  • Review the loss history for prior years and perform a trend analysis to identify operational or clinical issues related to claims
  • Assist with the infrastructure of the Risk Management program and functions, including trending and analysis of the event reporting system
  • Review supporting policies and procedures
  • Develop an action plan based on the findings from the trend analysis and baseline assessment
  • Conduct an assessment of internal contract review and approval process to meet regulatory and accrediting bodies for clinical service and physician contracts
  • Offer education programs to meet a hospital’s specific goals and objectives

Insurance Program Services

 

How we help:

  • Review current insurance program to identify opportunities for cost savings
  • Manage insurance programs by working with the hospital to complete the appropriate applications for submission to the insurance broker or agent
  • Assist with analysis and comparison of insurance proposals from the broker or agent

Captive Insurance Model

 

CHC Consulting facilitates through our broker a captive insurance model as a long-term strategy for hospitals.

 

How we help:

  • Offer an alternative solution to commercial insurance
  • Provide education about the captive model
  • Facilitate a strategy for potential long-term savings

Want to learn more?

  • Contact Kathleen Frazier, vice president of risk management and compliance officer for CHC at (972) 943-6407.
Services:

We improve financial performance for hospitals facing financial crisis and for those looking to build upon their current success.

Advancing Community Hospitals