Health care organizations and providers are in the business of both changing and saving lives. This means these entities have specific, specialized needs to run their organizations effectively, including in the area of risk management.
As part of our series of industry-specific benchmark reports on insurance buyers’ purchasing decisions, we just published a 2021 Healthcare Benchmark Report Key Findings document that highlights the decisions made by health care provider insurance buyers.
Health care providers – from large, integrated hospital chains to small, local pharmacies and dentist offices – can find valuable information, along with commentary from subject matter experts who understand the complexity of the health care industry. While the full report and key findings recognizes that comparisons to peer companies do not necessarily lead to optimal decisions, it aims to provide a framework to make informed decisions.
While many different types of organizations constitute the health care provider market segment, the full report defines them by their services, which include the categories of acute care, long-term care, and outpatient care.
The 2021 Health Care Benchmark Report Key Findings document focuses on 1,000 organizations that generate an aggregate of $40 billion in revenue and employee more than 220,000 people. This study focused on various coverages important to health care organizations, including directors and officers liability, professional, general, and excess liability, and property insurance. While the nature of their operations and associated risk management exposures goes beyond these areas, the areas included in the report study represent some of the most critical aspects of risk care management for health care organizations.
At ECM Solutions, we are well-equipped with solutions, resources, and experts who can assist you. Contact us to discuss how these findings can help you.
