News
FOR IMMEDIATE RELEASE
CONTACT:
Alven Weil
Premier Inc.
704.733.5797
Participants in Premier Insurance Management Services sponsored Excess Workers' Compensation program divide up $1,363,052
41 health systems, hospitals share Excess Workers' Compensation profits
CHARLOTTE, N.C. (January 25, 2010) – Premier Insurance Management Services Inc. (PIMS) has returned nearly $1,363,052 in experience credit payments to 41 Premier healthcare alliance hospitals and healthcare systems that participate in the PIMS Excess Workers' Compensation sponsored insurance program.
The experience credit payments of $1,363,052, made on January 22, 2010, came from profits posted for policy years 2004/2005 with Safety National which provided the insurance to participants that received the experience credit payments.
PIMS has offered the Excess Workers' Compensation sponsored program to Premier members since 1999. Through the program, participating members have the opportunity for experience credit payments based on favorable program experience.
About Safety National
In business since 1942, Safety National is the market leader in excess workers'
compensation insurance, and also provides alternative workers' compensation
products, large casualty programs, self-insurance bonds and assumed reinsurance.
For more information about Safety National, visit
www.SafetyNational.com.
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
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