Premier healthcare alliance Hospitals Receive National Award for Reducing Risk, Enhancing Care Quality

Premier healthcare alliance Hospitals Receive National Award for Reducing Risk, Enhancing Care Quality

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Premier Insurance Management Services Inc. () has recognized six Premier healthcare alliance member hospitals and health systems with its annual American Excess Insurance Exchange .

AEIX award winners include:

The recipients were honored on June 12 at Premier’s 2013 in San Antonio. Award winners shared best practices that were the basis for their awards in concurrent sessions during the conference.

“These organizations are making impactful changes in care as they collaborate to reduce liability and enhance patient safety,” said Les Meredith, senior vice president and general counsel, PIMS. “They are furthering the goal of AEIX to combine risk management with quality improvement initiatives that deliver the best clinical outcomes.”

Ninety-three hospitals and associated entities within AEIX, an excess liability risk retention group managed by PIMS, were eligible to apply for the award.

Criteria for selection included whether or not the project demonstrably reduced cost and enhanced patient safety, as well as whether clear metrics were established to track and sustain success. Another criterion is scoring “spreadability,” or how replicable the approach is for other health systems, and is also essential in the selection process. The criteria were numerically scored by a task force of corporate risk managers representing the Insurance Advisory Committee of AEIX.

American Excess Insurance Exchange RRG, (AEIX) is an alliance of sophisticated healthcare systems that own and manage their excess professional and general liability insurance program. AEIX was built by industry leaders to promote best practices, reduce risk, and share in the financial rewards of the company. Since its inception in 1990, AEIX has assisted in reducing the long term cost of excess liability insurance, and minimizing volatility associated with the commercial insurance markets. Excess or umbrella limits of up to $40,000,000 per occurrence are available. .

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 .

Premier is the nation’s largest performance improvement alliance of more than 2,800 U.S. hospitals and 95,000 other sites using the power of collaboration and technology to lead the transformation to coordinated, high-quality, cost-effective care. Owned by healthcare providers, Premier operates a leading purchasing network with more than $5 billion in annual savings. Premier also maintains clinical, financial and outcomes databases based on 1 in every 4 patient discharges. A world leader in measurably improving patient care, Premier has the largest performance improvement collaboratives in America, including one in partnership with the Centers for Medicare & Medicaid Services. Headquartered in Charlotte, N.C., Premier also has an office in Washington. . Stay connected with Premier on , , and .