MHA Insurance Company Offers Financial Incentive to Physician Policyholders
Who Use Electronic Medical Records
LANSING, Mich., Jan. 21 /PRNewswire/ -- Starting Feb. 1, 2008, MHA
Insurance Company will grant a premium credit of up to 5 percent for
qualifying policyholders who utilize an Electronic Medical Records (EMR)
system. A qualifying policyholder would include independent solo physicians
and group physician practices.
Currently, MHA Insurance Company provides medical professional liability
insurance to more than 3,000 independent physicians in eight states throughout
the greater Midwest. The coverage is placed by FinCor Solutions
( www.fincorsolutions.com ), the Lansing, Mich.-based affiliate of MHA
Insurance Company. FinCor Solutions is a full-service, multi-line insurance
agency offering traditional and alternative risk products and services for
health care providers. Both MHA Insurance Company and FinCor Solutions are
subsidiaries of FinCor Holdings, an integrated risk management corporation.
To receive a first-year premium credit of 5 percent, and subsequent annual
2.5 percent credits, qualifying policyholders of MHA Insurance Company must
meet the following criteria:
-- The EMR system being used by the physician practice must be certified
by the Certification Commission for Healthcare Information Technology.
-- At least 75 percent of physician group members must be using the EMR
system.
-- The qualifying EMR system must be operational and in use for a minimum
of one year.
EMR systems have been shown to contribute to reduced physician risk
through clear, consistent documentation, improved follow-up procedures,
enhanced interpretation and communication, increased security and disaster
recovery capabilities. As such, EMR systems are also linked to increased
patient safety.
"As an organization dedicated to helping our clients efficiently manage
risk, we view this step as a logical application of available technology. I
am certain you will begin to see others follow our lead in looking at
innovative ways to encourage providers to take advantage of the tools and
resources that positively affect patient care," said Tom Dickinson, FinCor
Holdings president and CEO.
About FinCor Holdings
FinCor Holdings Inc. is a Lansing, Mich.-based integrated risk management
corporation designed to meet the risk financing, risk transfer and clinical
risk management needs of today's health care providers.
FinCor Holdings and its subsidiaries - FinCor Solutions, The Risk
Management and Patient Safety Institute, MHA Insurance Company, Washington
Casualty Company and Capital Risk Solutions - provide industry-leading
products and support services, including medical professional liability
insurance, risk financing programs, workers' compensation and risk management
solutions. FinCor Holdings has built a national presence and outstanding
reputation for assisting hospitals and health care providers in designing
effective clinical risk management programs.
For more information, visit www.fincorholdings.com
SOURCE FinCor Holdings Inc.
Patty Dextrom of FinCor Holdings Inc., +1-517-886-8352; or Kelly
Smallegan-Maas of Lambert, Edwards & Associates, +1-616-233-0500, for FinCor
Holdings Inc.
