Healthcare, Assisted Living and Palliative Care

Healthcare, Assisted Living and Palliative Care

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  • Healthcare

    December 2, 2011 0 Comments

    Healthcare

    The nature and extent of risk, governance, compliance and program cost management have all changed considerably in recent years for the healthcare industry. Existing and emerging exposures related to patient safety, Federal audits, data security and confidentiality; the health and welfare of employees; and even environmental liability must be identified, understood and managed to avoid potentially crippling operating and financial – not to mention public relation consequences.

    EPIC's experienced Property & Casualty and Employee Benefits Consulting teams provide our healthcare clients with integrated, comprehensive, cost effective solutions to meet these challenges. We are knowledgeable, effective professionals who will take time to get to understand your organizational and personal needs, as well as your goals and objectives. We become your partner, trusted advisor and advocate in the process, identifying challenges, anticipating opportunities and driving the results you both want and need.

    Products and Services

    EPIC offers a broad range of risk management and property and casualty insurance services to our healthcare clients including:

    • Risk Assessment and Exposure Analysis
    • Coverage Analysis, Program Design and Program Placement
    • Strategic Market Advocacy
    • Loss Mitigation and Management and Claims Advocacy Services
    • Risk Control, Hazard Management, Loss Prevention and Safety Services
    • Crisis Management, Disaster Recovery and Contingency Planning
    • Corporate Governance, Professional, Cyber and Fiduciary Liability
    • Environmental Exposure Identification and Remediation
    • Equipment Maintenance Cost Reduction
    • Loss Portfolio Transfers
    • Risk Retention Groups
    • Self-insurance Programs and Excess Coverage Placement
    • Captive Formation and Management

    We also offer comprehensive employee benefits consulting for your health and welfare plans. Our services include:

    • Strategic Planning and Risk Management
    • Program Management and Plan Design
    • Financial Management and Monitoring
    • Compliance, Legislation and Advisory Services
    • Benefits Technology and Administration Services
    • Employee Communications and Education

    Our client base includes:

    • Hospitals
    • Physician Practice Groups
    • Long Term Care Facilities
    • Public Hospital Districts
    • Home Healthcare
    • Surgical, Imaging, and other Outpatient Medical Groups
    • Dental Practice Groups
    The EPIC Edge

    Healthcare organizations face challenges that are very different than those of other industries and it's important that you select an insurance and risk management partner who understands these differences and has worked effectively with other healthcare clients. Here are just a few of the areas where proper support is crucial.

    • Annual budgeting consultation to make sure that your insurance program is correctly funded in each annual budget. A shortfall in this area can be devastating, as there is rarely anywhere to go to make up for any unbudgeted or under budgeted needs.
    • A comprehensive “holistic” approach to worker’s compensation program design and management, to drive down the total cost of this risk exposure.
    • Cyber Liability, Privacy, and Fidelity – since most healthcare organizations are highly visible and accountable to the public, you face a significant reputational, public relations and fiduciary challenge in the event of a security breach. A strong risk management and contingency plan including appropriately structured insurance coverage is critical.
    • Federal, state and local legislation and government regulations are constantly changing and must be closely monitored and assessed to be certain that your insurance and risk management programs remain in compliance.

    In today’s dynamic business and legislative environment, EPIC has the answers to your insurance, risk management and employee benefits consulting questions and needs. We look forward to sharing these answers with you.

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