Forty-six Premier healthcare alliance providers share profits from Excess Workers’ Compensation program
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Insurance Management Services Inc. (PIMS) has returned $2,927,666 in experience credit payments to 46 Premier healthcare alliance member hospitals and health systems that participate in its endorsed Excess Workers' Compensation insurance program.
On February 4, 2012, the payments were made from profits posted for policy years 2005-2008 with Safety National, which provided the insurance.
Insurance program participants also have access to Safety National’s MAP Client Services program, an online resource crafted to provide tools, best practices and training materials to improve injury prevention and claim cost containment. A newly introduced component to MAP Client Services is Safety: Emergency Responder Vehicle Education (S:ERVE), an educational driver simulation and curriculum created to help reduce the risk of collisions by emergency responders.
For 19 years, PIMS has offered the Excess Workers' Compensation endorsed program to Premier alliance members. Participants have the opportunity for experience credit payments based on favorable program experience. The program has returned more than $10.2 million to members since inception.
About Safety National
In business since 1942, Safety National is the market leader in excess workers' compensation insurance, and also provides alternative workers' compensation products, large casualty programs, self-insurance bonds and assumed reinsurance. For more information about Safety National, visit www.safetynational.com.
About Premier Insurance Management Services Inc. (PIMS)
Incorporated in 1987, PIMS is an Illinois for-profit corporation wholly owned by Premier Inc. PIMS provides contracted management services for American Excess Insurance Exchange, Risk Retention Group (AEIX), and is attorney-in-fact for Premier Insurance Exchange, Risk Retention Group (PRx). PIMS also serves as program manager offering enhanced sponsored programs with leading commercial insurers through a comprehensive portfolio of property, casualty and employee benefit products. Other services include providing claims and risk management assessments and education offerings regarding medical professional liability for hospitals and their physicians. For more information, visit https://premierinc.com/risk/tools-services/pims/index.jsp.
About the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,500 U.S. hospitals and 81,000-plus other healthcare sites using the power of collaboration to lead the transformation to high quality, cost-effective care. Owned by hospitals, health systems and other providers, Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier has worked with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Headquartered in Charlotte, N.C., Premier also has an office in Washington. https://premierinc.com. Stay connected with Premier on Facebook, Twitter and YouTube.
CONTACT:
Premier healthcare alliance
Alven Weil, 704-816-5797
KEYWORDS: United States North America California District of Columbia Illinois North Carolina Pennsylvania
INDUSTRY KEYWORDS: Health Hospitals Professional Services Insurance
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