March 24, 2009
Emmi Programs Support Informed Consent and Reduce Hospital Malpractice Costs
Agreement with Beazley provides insurance coverage at a reduced cost to hospitals that implement Emmi® programs
CHICAGO, IL – Mar 24, 2009 Emmi Solutions, the award-winning, Chicago-based creator of web-based healthcare education programs, has entered into an agreement with Beazley, a major London-based insurer of medical malpractice for US hospitals, for Beazley to provide insurance coverage at a reduced cost to hospitals that implement Emmi programs as part of the informed patient consent process for medical procedures.
As a development of Beazley’s quality indicator return premium program, hospitals that utilize Emmi Solutions’ interactive healthcare education programs will be entitled to receive a portion of the premium paid for their medical malpractice insurance back at the end of the policy period. The value of this return premium will vary, depending on the coverage provided. But return premiums of more than $100,000 have already been paid out to individual Beazley clients that implement agreed measures to improve the quality of patient care.
Beazley’s Lloyd’s syndicates, rated A by A.M. Best, insure US hospitals on a non-admitted or surplus lines basis and coverage can only be arranged through an accredited surplus lines broker.”Beazley is one of the largest and most experienced insurers of United States hospitals,” said Jordan Dolin, co-founder and vice-chairman of Emmi Solutions. “We are delighted that an insurer of Beazley’s caliber has recognized the very real benefits that our products bring to hospitals.”
Added Dolin, “There is significant data that indicates our programs increase patients’ understanding of their medical procedures and conditions. This reduces hospital and physician exposure to litigation based upon misunderstanding. Additionally, it increases patient and physician satisfaction and quality clinical outcomes.”
About Beazely Group, plc
Beazley Group plc (BEZ.L) is the London-based parent company of global, specialist insurance businesses with operations in the UK, US, France, Germany, Singapore, Hong Kong and Australia. Beazley manages four Lloyd’s syndicates: Syndicate 2623 and Syndicate 623 underwrite a broad range of insurance and reinsurance business worldwide; Syndicate 3623 focuses on accident and health business; and 3622 is a dedicated life syndicate. In 2008, Beazley underwrote gross premiums of £875.7m. All Lloyd’s syndicates are rated A by A.M. Best. In the US, Beazley’s underwriters focus on writing specialist insurance products in the admitted market, backed by Beazley Insurance Company, Inc., an admitted carrier in all 50 states; and surplus lines risks, backed by the Beazley syndicates at Lloyd’s. Beazley Insurance Company, Inc. is rated A by A.M. Best. Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.