Beazley insures many of the largest and most prestigious
hospitals and long term care facilities in the United States, as
well as a wide range of miscellaneous medical service providers
such as blood and tissue banks and clinical research
organizations.
Medical liability awards in the US continue to
increase at a pace far in excess of inflation. Following the widely
publicized findings of organizations such as the Institute of
Medicine, there is also a greater public awareness of the
fallibility of medical providers. Together, these developments mean
that the liability challenges faced by healthcare organizations are
greater than ever.
However, there is strong evidence to suggest
that exposures can be mitigated by a top-down commitment to quality
and patient safety, as well as investment in proven medical
information technologies. We work with such quality healthcare
providers to design coverage that rewards their diligence and
responds to their needs.
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Nat
Cross on quality in healthcare
The head of Beazley's healthcare team discusses the relationship
between healthcare quality and insurance costs, and explains
Beazley's Quality Indicator Return Premium (QUIRP) program.
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