Particularly in these challenging times, it's important that hospitals have the financial security and underwriting capacity to participate in a hospital professional liability/general liability insurance plan
Brentwood, Tenn. (PRWEB) February 19, 2009
Sixteen QHR hospital clients received unexpected checks totaling nearly $4.4 million in February.
The payments - ranging from $65,000 to more than $750,000 - were paid to QHR hospital clients participating in a unique and innovative partnership between the hospital management company and Gallagher Healthcare Insurance Services. Under the QHR/Gallagher Retro Insurance Program, hospital groups that experience less than projected risk management expenses are eligible for a premium return of up to 50 percent. The checks issued to the QHR group this month reflect premium refunds for 2003 and 2004.
"Particularly in these challenging times, it's important that hospitals have the financial security and underwriting capacity to participate in a hospital professional liability/general liability insurance plan," said QHR President and CEO James L. Horrar. "This program with Gallagher not only provides access to such a plan, it also allows our hospital clients to benefit when our group meets its risk management goals, sharing in any potential underwriting profits."
QHR recently renewed its contract with Arthur J. Gallagher Risk Management Services, the fourth largest insurance brokerage and risk management services firm worldwide. The company, a QHR service provider since 2002, provides hospital professional liability insurance, comprehensive general liability insurance, excess/umbrella liability insurance and employee benefits services to QHR hospital clients.
QHR (Quorum Health Resources) has provided consulting, management and education resources to hospitals and health systems for three decades. QHR is the market leader in hospital management, with more than 150 current multi-year clients across the U.S. As a consulting resource, QHR is among the 15 largest healthcare management consulting firms in the U.S., and the QHR Learning Institute trains over 8,000 healthcare professionals each year. For more information, go to http://www.qhr.com.