Premier Insurance Management Services Announces New Captive Management Offerings to Help Organizations with Captives Control Costs, Reduce Risk and Improve Patient Safety
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CHARLOTTE, N.C.--(Business Wire)-- Premier Insurance Management Services, Inc. (PIMS), a wholly owned subsidiary of the Premier healthcare alliance, announced that it is offering new captive insurance management, claim management and risk management consulting services. These services will help Premier members manage the costs associated with healthcare liability and litigation to improve the quality of clinical care, reduce risk exposure, lower liability-related costs and operate alternative risk financing facilities. Said PIMS President Robert Dowdy, "PIMS has been in the business of assisting healthcare organizations and physicians to control risks and effectively manage the soaring costs of healthcare liability and litigation for nearly 20 years. Our enhanced services will help our members operate their alternative risk financing facility more efficiently and effectively." PIMS full-service captive insurance management services include regulatory compliance and governance services, financial accounting, underwriting, claims management, claims reviews, risk management assessment and education. Additionally, PIMS offers claim metrics benchmarking analysis, allowing for participants to compare themselves against the historical results of other systems. PIMS also offers all captive insurance management services as a third party administrator on an unbundled basis. 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 Premier Inc., 2006 Malcolm Baldrige National Quality Award recipient The Premier healthcare alliance is more than 2,100 U.S. hospitals and 58,000-plus other healthcare sites working together to improve healthcare quality and affordability. 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. Premier has offices in San Diego, Charlotte, N.C., Philadelphia and Washington. Premier Inc. Alven Weil, 704-733-5797; Alven_weil@premierinc.com Copyright Business Wire 2009
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