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XWith deep knowledge of today’s industry challenges, a dedicated team of insurance, financial, and health care professionals can help you manage volatility with increased predictability.
As more physicians leave private practice and join hospitals or physician groups, they need to make sure they have the right insurance coverage.
Even when they follow rigorous protocols, health care organizations can suffer environmental losses that have the potential of threatening patient safety and disrupting operations.
Marsh outlines the top 10 financial and professional insurance trends that the health care industry is expected to see this year.
Historically, withheld reimbursements have represented lost revenue for hospitals, making it vital that they protect that revenue through a two-pronged approach: curbing readmission rates through clinical practices and considering innovative insurance solutions.
Health care reform has created new opportunities for the industry. With opportunity comes regulatory compliance issues. Patient safety and quality risk. Unpredictable reimbursement and revenue streams and payment risk. Growth and partnership questions in a changing business landscape. Reliance on and investment in technology.
Against this backdrop, Marsh’s HealthCare Practice defines, designs, and delivers solutions that meet the unique needs of providers and payers alike.
With an in-depth understanding of today’s health care challenges, our extended team of insurance and health care professionals employs a proven process: We work with you to define the organization’s risk profile. Then we use the industry’s most powerful analytics to quantify them, and to determine how much risk to retain and transfer. Finally, our team designs a custom solution encompassing insurance solutions and workforce, clinical, and captive strategies.
By identifying and responding to exposures and managing total cost of risk, your organization can thrive in the age of health care reform, improving cash flow, driving down costs, reducing outcome volatility, and achieving greater predictability in risk budgeting.
For hospitals, clinics, and other providers, the business landscape is shifting underfoot. And you must assess all options on how to stay economically viable while ensuring continued quality of care and patient safety. For more than 300 acute care organizations, Marsh helps address these challenges by providing multiple solutions, including:
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