Providing Tools to Keep Physicians & Facilities Protected

Posted Wednesday, November 11, 2020

Did you know? The total amount paid out in medical malpractice suits was over $4B in 2019, a 2.9% increase over 2018.

Protecting What Matters Most

Nearly half of physicians surveyed said the threat of lawsuits is on their mind all or most of the time.

01 | Risk Consultation

It is critical that physicians and medical administrators regularly review possible areas of exposure to eliminate medical malpractice, workers’ compensation or data breach. Matrix GPO membership provides access to providers that offer full consulting services to find areas of liability, investigate physician organizations thoroughly and efficiently. By doing this, areas of vulnerability can be identified. Experts provide options and action plans protect and benefit physicians and practices.

02 | Insurance Brokerage

With the constantly changing landscape within the healthcare industry, it is vital that physicians are fully protected and secure. Services are available to review and assess current coverage and determine any recommended actions. The goal is to minimize spend while maximizing resources and services. With that in mind, coverage is available for:

• Medical professional liability property
• General liability
• Workers’ compensation
• Management liability (directors & officers liability, employment practices liability, fiduciary liability)
• Cyber liability/data breach
• Property & casualty insurance (not otherwise specified)
• Life, medical and disability

03 | Serving Your Needs

By offering a team of specialized providers throughout the country focused on the healthcare industry, the vendor is equipped to serve the unique needs of your practice. With precise and effective service as the primary goal, these specialized providers are constantly researching current and relevant industry-related changes and regulations. Physicians can be confident that the team will provide tailored support, thus eliminating concerns.

Learn More

Contact us today to learn more about risk assessment and insurance brokerage services available to members, as well as other new and exciting services to your facility. Click here to visit the Matrix GPO website and fill out an enrollment form.

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References

https://matrixgpo.com/Content/preferred-portfolio-member

https://matrixgpo.com/Content/gpo-overview

https://www.leveragerx.com/malpractice-insurance/2019-medical-malpractice-report/

https://www.medscape.com/slideshow/2017-malpractice-report-6009206#27