CHARLOTTE, N.C.--(BUSINESS WIRE)--Premier Insurance Management Services Inc. (PIMS) has recognized six Premier healthcare alliance member hospitals and health systems with its annual American Excess Insurance Exchange (AEIX) Risk Management Award.
2012 AEIX award winners include:
- Baystate Medical Center (Springfield, Mass.)
MemorialCare Health System (Long Beach, Calif.)
- Long Beach Memorial Medical Center and Miller Children’s Hospital Long Beach (Long Beach, Calif.)
- PeaceHealth (Bellevue, Wash.)
- Presbyterian Hospital (Albuquerque, N.M.)
- Summa Akron City Hospital (Akron, Ohio)
The recipients were honored on June 7 at Premier’s 2012 Breakthroughs Conference and Exhibition in Nashville, Tenn. The hospitals also shared best practices that were the basis for their awards in concurrent sessions during the conference.
“By sharing best practices, these hospitals can further AEIX’s efforts in combining risk control with harm reduction initiatives that improve outcomes,” said Robert Dowdy, PIMS president. “Premier is pleased to recognize these leading healthcare organizations for their collaborative efforts in reducing liability and enhancing patient safety.”
Ninety-eight hospitals and associated entities within AEIX, an excess liability risk retention group managed by PIMS, were eligible to apply for the award.
Criteria for selection included whether or not the project demonstrably reduced cost and enhanced patient safety, as well as whether clear metrics were established to track and sustain success. A criterion scoring “spreadability,” or how replicable the approach is for other health systems, was also essential in the selection process. The criteria were numerically scored by a task force of corporate risk managers representing the Insurance Advisory Committee of AEIX.
AEIX provides excess professional and general liability insurance to not-for-profit hospitals and health systems. AEIX can provide up to $40 million in limits without the use of facultative reinsurance. AEIX is organized as a Vermont licensed reciprocal risk retention group, an insurance company authorized under federal legislation for the purpose of providing liability lines of insurance to its members.
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 the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,600 U.S. hospitals and 84,000-plus other healthcare sites using the power of collaboration to lead the transformation to high quality, cost-effective care. Owned by hospitals, health systems and other providers, 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 has worked with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Headquartered in Charlotte, N.C., Premier also has an office in Washington. http://www.premierinc.com. Stay connected with Premier on Facebook, Twitter and YouTube.