Healthcare organizations face a broad range of risk issues related to the very nature of their services. Emerging issues – such as increased regulation, compliance, consolidation, and technology – along with more traditional concerns including risks of worker safety, business continuity, and environmental liabilities, represent some of the many threats to the success of organizations operating in the healthcare industry.
The various trends concerning the healthcare industry are met by unique and evolving challenges, including: falling reimbursement levels and the increasing cost of care; rising medical negligence claim values; frequency of employers liability claims; rising costs of medical indemnity; abuse, patient safety, and care quality; data security; issues with medical implants; and the increasing reliance on technology.
But with challenge comes opportunity. Marsh’s Healthcare Practice is dedicated to solving risk issues for all types of healthcare providers. By helping you identify and find solutions for the risks that could threaten your strategy, operations, and success, we can help you thrive.
Our healthcare team – which includes claims and risk management specialists – will work with you to put effective risk management plans and control actions into place. Using the resources from other Marsh & McLennan Companies businesses enables us to help you solve challenges related to, just to mention a few, business resilience, property surveys, data and cyber risks, mergers and acquisitions, workforce strategies, employee benefits and rewards, bespoke claims and incident management systems, and utilizing captives as alternative insurance solutions.
The dedicated Practice is comprised of the broadest client base that includes hospitals. From this, we have a unique understanding of how the hospital industry is constantly changing and affects your business. With over 500 colleagues with expert industry knowledge and regional roundtables, educational webinars and networking opportunities dedicated to serving 2,500 health care organizations across 45 countries, you will be provided with the best collaboration and knowledge.
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.