ALAMO, Calif.--(BUSINESS WIRE)--In response to the growing demand for high quality risk management and risk financing services on a selective, stand-alone basis, BETA Healthcare Group (BETA) announced the launch of its Alternative Risk and Insurance Services (ARIS) program.
“Demand from healthcare facilities for tailored risk management and risk financing services is on the rise. Previously, BETA only offered these services to healthcare facilities to which it provided primary liability coverage,” said Tom Wander, BETA’s CEO. “Now, with ARIS, we can deliver a full suite of services to all hospitals, healthcare facilities and medical groups--including BETA members and non-members. With ARIS, California healthcare facilities have ready access to a mix of services based on their exact needs at a given time, providing them with the coverage and support they need.”
Flexibility of Choice, Quality Coverage
With industry changes, including consolidation of providers, the business requirements and internal operations of healthcare providers are shifting. The shifting landscape has prompted an increased demand for alternative risk and insurance services accessible on flexible terms. Traditionally, BETA offered its risk consulting and claims management services to members and insureds only. Now with ARIS, risk management consulting, claims consulting, third-party claims administration services and excess liability coverages are accessible to all hospitals, healthcare facilities and medical groups—regardless of whether they obtain their primary liability coverage from BETA.
ARIS was designed to provide the flexibility to pick and choose coverage, claims administration and risk management consulting services as needed. As demands on in-house resources shift, for example, an entity might opt to outsource specific areas of risk management and claims administration. Others might tap BETA for excess liability coverage while taking on the initial coverage limits on a self-insured basis.
“The idea of all or nothing with one trusted provider falls short in providing healthcare facilities with the options they want—and need—to operate efficiently and ensure the best possible care and coverage for patients. By offering flexibility and choice, BETA’s ARIS platform gives teams the options they need,” said April Johnson, BETA’s Vice President of Alternative Risk and Insurance Services.
BETA’s full suite of services is backed by decades of industry insights, know-how and efficiency, and it extends BETA’s expertise and proven services with the goal of helping all healthcare providers deliver optimal care and reduce claim costs.
About BETA Healthcare Group
BETA Healthcare Group (BETA) is the largest insurer of hospital professional liability coverage in California, serving more than 200 hospitals and healthcare facilities. As the leading choice of liability insurers for California hospitals, BETA’s long-established commitment to California physicians continues to grow with more than 5,000 insured physicians and over 50 medical groups. In addition to primary liability coverage, BETA provides an entire suite of alternative risk and insurance services, including risk management consulting, claims consulting, third-party claims administration services and excess liability coverages. Whether it is hospitals, medical groups, clinics or hospices, BETA has earned a reputation for financial strength, rate stability, quality service and breadth of coverage that is unparalleled in the industry. For more information, please visit www.betahg.com.
