Murray-Calloway County Hospital benefits from Premier healthcare alliance discounts, performance improvement solutions
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Murray-Calloway County Hospital (MCCH) has saved more than $100,000 on its hospital professional liability insurance for the next year. The 152-bed, not-for-profit hospital based in Murray, Ky., achieved these savings because of special incentives negotiated by Premier Insurance Management Services Inc. (PIMS), a for-profit corporation wholly owned by the Premier healthcare alliance.
The incentives MCCH benefited from were through the hospital’s insurance carrier, Allied World Assurance Company (U.S.) Inc. (Allied World), for Premier alliance members that use its clinical quality and safety technologies.
“As a long-time Premier owner, we have benefitted greatly over the years by participating in Premier purchasing, informatics and insurance programs,” said Brad Bloemer, chief financial officer of MCCH. “We are absolutely thrilled by the latest savings. In this time of dwindling reimbursements and reform, we must look for every single opportunity for savings. Premier continues to impress us with the creative ways it brings value to hospitals our size.”
The hospital professional liability insurance program sponsored by PIMS targets community-based acute care hospitals in select states with 400 beds or fewer, including critical access and specialty hospitals, and that have a deductible or retention of up to $1 million. There is a 10 percent premium credit for Premier members, plus additional credits of up to 15 percent for members who use Premier's QualityAdvisor™ and/or SafetySurveillor® solutions. The credits resulted from Premier’s having demonstrated to Allied World the financial and safety advantages of hospitals using the two technologies either alone or in combination. Relationships with retail brokers are not disrupted by this offering.
“Bringing together quality products for the benefit of the Premier members is the purpose of an Allied World and Premier coordination,” said Allied World Healthcare Senior Vice President/Healthcare Practice Lead Cindy Oard. “Cost savings is just one of the advantages that can be gained. Coverage enhancements, risk consulting and the Premier clinical quality and safety products, help hospitals provide quality care with the best possible insurance protection.”
QualityAdvisor, part of Premier’s QualityConnect™ program, accesses the nation's largest comparative clinical database while integrating quality, safety and cost data. Premier members using the solution saved more than $284 million last year through reductions in readmissions, length of stay, complications and mortalities.
SafetySurveillor, an automated surveillance solution in Premier’s SafetyConnect™ program, helps providers avoid Medicare payment penalties and cut costs by working to reduce healthcare-associated infections. Hospitals can more effectively monitor their infection data using the technology.
Among PIMS’ offerings are contracted management services for American Excess Insurance Exchange, Risk Retention Group (AEIX) and enhanced sponsored programs with leading commercial insurers through a comprehensive portfolio of property, casualty and employee benefit products.
About Murray-Calloway County Hospital
Since 1947 Murray-Calloway County Hospital (MCCH), a 152-bed, public, not-for-profit facility has been committed to providing outstanding care in a peaceful, healing environment to the people of western Kentucky and eastern northwest Tennessee. There are some 75 physicians representing 26 medical specialties and 1,000 employees. MCCH operates a 226-bed skilled nursing facility, and offers a full range of outpatient services including a Center for Health and Wellness, home care, and hospice. In recent years, MCCH has opened a new women’s pavilion and an inpatient rehabilitation unit. www.murrayhospital.org
About Allied World Assurance Company
Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through a global network of branches and affiliates. Its insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company, and its Lloyd's Syndicate 2232 is rated A+ (Strong) by Standard & Poor's and Fitch. Please visit www.awac.com for further information on Allied World.
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 http://www.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 72,000-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. http://www.premierinc.com. Stay connected with Premier on Facebook, Twitter and YouTube.
Premier healthcare alliance
Alven Weil, 704-816-5797
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