Amid the COVID-19 pandemic, healthcare providers became some of the most essential workers in the world, risking their health and safety to help contain the spread of illness locally and globally. Although new treatments and vaccines have helped control COVID-19, the healthcare industry remains at the front of the battle lines, treating patients while also seeking innovations in care technology and practices. Companies need to understand this changing risk landscape and how the insurance market is adapting and responding.
Marsh’s HealthCare Practice helps clients define, design, and deliver solutions that meet the unique needs of providers and payers alike. With an in-depth understanding of today’s healthcare challenges, our extended team of insurance and healthcare professionals works with you to define your organization’s risk profile. Then we use the industry’s most powerful analytics to help you quantify your risk and determine how much to mitigate, retain, or transfer.
By identifying exposures and managing your total cost of risk, your organization can thrive in an age of uncertainty, improving cash flow, driving down costs, reducing outcome volatility, and achieving greater predictability in risk budgeting.