News

FOR IMMEDIATE RELEASE

CONTACT:
Alven Weil
Premier Inc.
704.733.5797

Participants in Premier Insurance Management Services sponsored Fidelity & Fiduciary Liability program divide up more than $104,000

27 hospitals, health systems share Fidelity & Fiduciary Liability profits

CHARLOTTE, N.C. (December 29, 2009) – Premier Insurance Management Services Inc. (PIMS) has returned more than $104,000 in experience credit payments to 27 Premier healthcare alliance member hospitals and healthcare systems that participate in the PIMS Fidelity and Fiduciary Liability sponsored insurance program.

The experience credit payments of $104,000 made on December 22, 2009, came from profits posted for policy years 2002/2003 and 2003/2004 with Zurich North America, which provided the insurance to participants that received the experience credit payments.

PIMS has offered a Fidelity and Fiduciary Liability sponsored program to Premier alliance members since 1997.

About Premier Insurance Management Services Inc. (PIMS)
Incorporated in 1987, PIMS is an Illinois for-profit corporation wholly owned by Premier Inc. PIMS provides contracted management services for American Excess Insurance Exchange, Risk Retention Group (AEIX), and is attorney-in-fact for Premier Insurance Exchange, Risk Retention Group (PRx). PIMS also serves as program manager offering enhanced sponsored programs with leading commercial insurers through a comprehensive portfolio of property, casualty and employee benefit products. Other services include providing claims and risk management assessments and education offerings regarding medical professional liability for hospitals and their physicians. For more information, visit https://premierinc.com/risk/tools-services/pims/index.jsp.

About the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,500 U.S. hospitals and 80,000-plus other healthcare sites using the power of collaboration to lead the transformation to high quality, cost-effective care. Owned by hospitals, health systems and other providers, Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier has worked with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Headquartered in Charlotte, N.C., Premier also has an office in Washington. https://premierinc.com. Stay connected with Premier on Facebook, Twitter and YouTube.