CHARLOTTE, N.C.--(BUSINESS WIRE)--Premier Insurance Management Services Inc. (PIMS) has returned $2,915,433 in experience credit payments to 41 Premier healthcare alliance member hospitals and health systems that participate in its endorsed Excess Workers' Compensation insurance program.
On February 6, 2013, the experience credit payments were made from profits posted for policy years 2005-2009 with Safety National, which provided the insurance.
Insurance program participants also have access to Safety National’s MAP Client Services program, an online resource crafted to provide tools, best practices and training materials to improve injury prevention and claim cost containment.
PIMS has offered the Excess Workers' Compensation endorsed program to Premier alliance members for 20 years. Participants have the opportunity to receive credit payments based on favorable program experience. Since inception, more than $11.7 million in profits has been returned to members.
About Safety National
Safety National is a versatile alternative market insurance provider that offers a broad range of risk funding products through insurance agents and brokers. Founded in 1942, Safety National is the leading provider of excess workers’ compensation coverage to self-insured employers and groups nationwide, and has provided that type of coverage longer than any other company in the United States. Safety National is a member of the Tokio Marine Group and is rated “A” (Excellent), Financial Size Category XI, by A.M. Best. To learn more, visit: www.safetynational.com.
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 endorsed 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://bit.ly/XzJ8Ma.
About the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,700 U.S. hospitals and 90,000 other sites using the power of collaboration and technology to lead the transformation to coordinated, high-quality, cost-effective care. Owned by hospitals, health systems and other providers, Premier operates a leading healthcare purchasing network with more than $4 billion in annual savings. Premier also maintains the nation's largest clinical, financial and outcomes database with information on 1 in 4 patient discharges. A world leader in delivering measurable improvements in care, Premier works with the Centers for Medicare & Medicaid Services. Headquartered in Charlotte, N.C., Premier also has an office in Washington. https://www.premierinc.com. Stay connected on Facebook, Twitter and YouTube.