St. Louis, Missouri (PRWEB) August 30, 2017
Intalere, the healthcare industry leader in delivering optimal cost, quality and clinical outcomes, today announced the new Intalere Insurance Services subsidiary which brings comprehensive insurance services to members through partnerships with market segment leaders Arthur J. Gallagher & Co. and Myron Steves.
“Our combined teams of experts bring unparalleled programs, levels of service, and the innovation needed to keep pace with the ever-emerging risks and increasing costs associated with healthcare,” said Jim Wilson, Intalere chief strategy officer. “Providing innovative solutions means more options, broader coverage terms and lower total costs. By partnering with these industry leaders, we can deliver solutions for all insurance needs.”
The collaboration with Myron Steves Healthcare and Atlantic Security Brokers (ASL), Ltd. will provide members an alternative to purchasing professional liability through the open market placement. The Healthcare Excess Liability Program (HELP) is a vehicle that Myron Steves and ASL have formed for the purpose of providing catastrophic excess liability insurance coverage to hospitals/health systems at an affordable cost.
HELP provides an additional $50M in coverage excess of a minimum of $15M already in place. It protects the health system’s balance sheet by providing larger limits in the event the system has a catastrophic loss and are required to pay a large settlement to the patient or the patient’s family.
“Unfortunately, it only takes one event to put a provider in a deep financial bind,” said Becky Thomson, director, Myron Steves Healthcare. “Our pricing is well below current market standard, with providers generally paying 30% to 100% more if they were to purchase coverage on their own outside of this program.”
Arthur J. Gallagher & Co. (Gallagher) is one of the world’s largest consulting and insurance brokerage firms with 25,000+ employees in 33 countries and client service capabilities in more than 150 countries. Gallagher has been recognized for six consecutive years as one of the World’s Most Ethical Companies by the Ethisphere Institute. The company places a strong emphasis on trust and transparency with its clients and adheres to stringent quality control standards to ensure superior delivery of expertise and guidance.
Gallagher has been recognized nationally as a leader and innovator in the employee benefit consulting and risk management brokerage market.
About Intalere
Intalere’s mission focuses on elevating the operational health of America’s healthcare providers by designing tailored, smart solutions that deliver optimal cost, quality and clinical outcomes. We strive to be the essential partner for operational excellence in healthcare through customized solutions that address customers’ individual needs. We assist our customers in managing their entire spend, providing innovative technologies, products and services, and leveraging the best practices of a provider-led model. As Intalere draws on the power of our owner Intermountain Healthcare’s nationally-recognized supply chain expertise and leadership in technology, process improvement, and evidence-based clinical and business best practices, we are uniquely positioned to be the innovation leader in the healthcare industry. Visit http://www.intalere.com to learn more.