HEALTH SERVICE PROVIDERS

Other care providers, including physician groups, such as hospitals and senior care services, continue to face new and old challenges in the industry. To give a few examples of these difficulties;

Lack of staff: Healthcare organizations are having more and more difficulties in recruiting and retaining qualified employees. As the world’s population continues to age and the need for care increases, employers need to allocate more budget to salary and benefits programs to continue attracting experienced staff.
Cyber ​​attacks: New technologies not only help improve processes and the quality of care, but also increase the vulnerability of ransomware, violations of HIPAA and other data privacy regulations.
Patient safety: Failure to ensure patient safety; It can result in preventable injury, illness and death, increased litigation and liability, as well as discrediting facilities and healthcare systems.

Although overall capacity in the healthcare industry seems to have stabilized after the pandemic, many insurers continue to be selective and offer compelling prices about new businesses they insure and renewals they will make.

Risk management consultants can help healthcare organizations assess their current risk environment by creating and implementing a plan to improve patient safety and care that will minimize risks while protecting the organization’s property and employees.

Our team combines deep industry knowledge and cutting-edge technology to reach the right insurers for your risks, offering competitive pricing and terms for your organization. We can also help you improve your insurance program design and discount levels with our professional financial modeling and data analysis from our expert team.

Working with a risk management professional has obvious benefits for healthcare organizations, including access to a range of risk and insurance services that will help reduce costs, control risk, and secure the organization’s future.

Senior maintenance organizations must manage the growing demands for facilities and services as well as staff shortages. Damage to property and the safety of employees, patients and all other interested parties are important considerations for senior care organizations.

When evaluating your insurance and risk management program, you should consider emerging cyber threats alongside traditional property and accident risks.