(PRWEB) October 30, 2012
IronHealth, the specialty healthcare unit of Ironshore Inc., has announced the launch of two financial risk products designed for healthcare organizations: Provider Excess Insurance (PEI) and HMO Reinsurance (HMORe). IronHealth’s PEI product will be available in selected states nationwide; HMORe will be offered in all states, effective immediately.
IronHealth’s new products respond to the ongoing evolution in the healthcare sector as healthcare providers and Health Maintenance Organizations assume additional financial risk in connection with the cost of care for members. In addition, the healthcare reform environment has resulted in the creation of new types of managed care organizations and healthcare financing initiatives, including Accountable Care Organizations (ACOs), Consumer Operated and Oriented Plans (Co-Ops), Bundled Payments for Care Improvement (BPCI) and other demonstration programs sponsored by the Centers for Medicare and Medicaid Services (CMS). Existence of emerging risks requires new insurance solutions to help such organizations protect against financial exposure from catastrophic claims that could severely impair operations.
“IronHealth continues to develop innovative programs in response to healthcare reform and the changing healthcare landscape to safeguard the financial interests of providers and managed care organizations. Our new PEI and HMORe products offer broader, tailored product features, providing comprehensive coverage that is currently not available in the healthcare insurance sector to protect these complex risks,” said Matt Dolan, President of IronHealth.
Ironshore is a specialty casualty insurer, providing broker-sourced specialty property and casualty insurance coverage for varying risks on a global basis through its multiple international platforms. The Ironshore group of companies is rated A- (Excellent) by A.M.Best with a Financial Size Category of Class XIII. Ironshore’s Pembroke Syndicate 4000 operates within Lloyd’s where the market rating is A (Excellent) by A.M. Best and A+ (Strong) from both Standard & Poor’s and Fitch.
For more information, please visit: http://www.ironshore.com/.