Endorsement of Allied World offers discounts for Premier healthcare alliance members
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Premier Insurance Management Services Inc. (PIMS) today announced the endorsement of Allied World Assurance Company (U.S.) and its affiliates (“Allied World”) for primary hospital professional liability coverage offering risk management and hospital medical malpractice protection to not-for-profit hospital members of the Premier healthcare alliance.
With the addition of Allied World’s endorsement, PIMS is now offering dual market options for hospital professional liability to help reduce risk, improve patient safety and avoid adverse outcomes.
“Allied World’s conservative balance sheet, scope of operations and solid capital base will provide members the reliable protection they need,” said PIMS President Robert Dowdy. “With premium discounts provided by Allied World, PIMS’ professional liability program is both expanding the opportunity for Premier healthcare alliance members to further improve the safety of their patients and facilitating members’ ability to secure cost-effective insurance.”
The professional liability program targets community-based acute care hospitals including critical access, general acute care and specialty (orthopedic, children's, cardiac, behavioral health, etc.) with 350 beds or fewer, and which have a deductible or retention of up to $1 million in select states. It features a 10 percent premium discount for Premier members and an additional discount, up to 15 percent, for members who use Premier’s QualityConnect™ solution.
Additional long-term savings are also available through a Safety Dividend Program, where allowed by state law.
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, 2006 Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,300 U.S. hospitals and 67,000-plus other healthcare sites working together to achieve high quality, cost-effective care. Owned by not-for-profit hospitals, 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 works 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 offices in San Diego, Philadelphia and Washington. http://www.premierinc.com
About Allied World Assurance Company
Allied World Assurance Company (U.S.) Inc. is a subsidiary of Allied World Assurance Company Holdings Ltd., a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through offices in Bermuda, Europe, Hong Kong, Singapore and the United States. Its insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. For further information on Allied World, please visit http://www.awac.com/.
Alven Weil, 704-733-5797
KEYWORDS: United States North America North Carolina
INDUSTRY KEYWORDS: Health Hospitals Professional Services Insurance General Health