Healthcare
The healthcare sector is a broad spectrum of businesses that provide medical services, manufacture medical equipment or drugs, or otherwise facilitate the provision of health care to patients. We understand the challenges facing the industry, have the expertise to navigate the unique needs and can provide a comprehensive insurance program for your healthcare organization.
Insurance solutions created for healthcare
Marsh McLennan Agency’s Healthcare Practice has solutions to holistically address the challenges affecting the industry including clinical boots-on-the ground risk management, claim advocacy, data and analytics, benchmarking, and alternative risk programs.
Specialized professional and general liability claims management
MMA TPA Services manages and mitigates professional and general liability claims for healthcare organizations. We work with you to expedite resolution and achieve better claim outcomes while aligning with your organization’s philosophies. The team of dedicated claims examiners average over 20 years of experience in healthcare liability claims, a majority of whom are licensed attorneys.
MMA’s Patient Safety Organization (PSO)
Our PSO empowers you to make data-driven decisions that enhance resident safety and quality of care—all while keeping your eligible patient safety information confidential and federally protected through the Patient Safety and Quality Improvement Act (PSQIA).
Alternative Risk Solutions
MMA Alternative Risk Solutions are designed for unique or complex risks not adequately addressed by traditional insurance. Our comprehensive suite of insurance solutions provides greater control and cost savings through large retentions managed by MMA TPA Services, partial self-insurance, loss portfolio transfer, self-insurance, risk retention groups and a proprietary captive insurance company exclusively for our clients. Our proprietary captive insurance company provides general and professional liability coverage and large deductible reimbursement coverage for healthcare organizations that are interested in greater control, coverage tailored to your needs, litigation management strategies, investment income and ease of growing your portfolio.
Executive Liability Risk
We deliver the expertise and market insight necessary to build management liability strategies for Directors and Officers, Errors and Omissions, Employment Practice Liability, Commercial Crime/Fidelity, Cyber, and Fiduciary. Our dedicated practice professionals have extensive healthcare industry knowledge to specifically tailor your program to protect the assets of your company and the personal assets of your directors and officers.
Custom Employee Health & Benefits Solutions
Our employee benefits expert’s deep knowledge within the healthcare industry allows us to design custom benefits plans that best align with your communities. Our HR Consulting team works with your organization to help relieve administration burden and provide guidance on employee relations. We have also created our EnrollSMART solution that works with healthcare organizations to offer clients assistance with onboarding and compliance. Our benefits experts will help make the enrollment processes easier so you can focus on attracting and retaining talent. Compliance with federal rules and regulations for employee health benefits apply to employers of all types and sizes. Our compliance consulting team has the expertise to help healthcare employers understand the unique aspects of these rules as they relate to what you do.
Environmental, Social, and Governance (ESG)
ESG criteria are increasingly being used to inform strategic goals, operational execution, and the reporting of sustainable business practices to key stakeholders. We provide an ESG risk rating self-assessment tool to help healthcare organizations define the milestones for their ESG journey and work with them to execute.
What sets us apart
We have developed innovative and proprietary tools, resources, and programs to address the factors and trends impacting business operations facing the healthcare sector.
Risk Management Services
Our commitment is to provide clients with a proactive risk management that includes a combination of risk assessments, program development and education services. Common areas of focus may include:
The healthcare safety consulting team provides clients with a proactive risk management program that includes a combination of risk assessments, program development and educational services. These services are customized to each client’s specific operations and exposures for patients and visitors.
Our commitment is to partner with our clients to promote effective, consistent risk management strategies. We use proven tactics and best practices to address the most frequent and severe employee and workplace health care risk exposures.
Count on our claims management experts to provide prompt and effective assistance when accidents occur, guiding you towards a resolution. Utilize our TPA Services to manage and mitigate professional and general liability claims for healthcare organizations.
Our Risk Transfer services help you understand your risks and allocate your liability when working with third-parties, suppliers, and vendors. Our healthcare experts bring years of certificate review experience to help you with contract review, administration, internal process improvements, database management, and potential claims and lawsuits.
Empowering our clients with valuable insights, we help you better understand risks, evaluate alternatives, and make well-informed decisions, backed by Marsh with comprehensive data and analyses. We offer property analytics to specifically offset costs and make informed decisions.
Our research shows that when safety and wellness programs work together, they can provide exceptional benefits to employees and your bottom line. In fact, even small changes can decrease the number of injuries and illnesses and reduce related insurance premiums.
Insurance solutions for Federally Qualified Health Centers
Our goal is to bring you a one-stop solution that will reduce your overall insurance costs while improving your coverage. That’s why we designed an exclusive insurance program specifically for FQHCs with an AM Best A-rated insurance carrier for all lines.
Cyber Playbook
Companies have experienced significant changes to their cyber insurance. This volitivity has caused major market disruptions, new claims trends, and clarity on who the hackers are targeting. It’s imperative companies employ preventive measures that safeguard their networks. Our Cyber Playbook provides a deep dive into cyber issues, prevention & response best practices, approaches, and industry trends.
