The Value of Benchmarking

Managing healthcare professional liability today means much more than simply securing an insurance policy.  It means selecting a partner who can actively assist you to make more informed decisions and lower your total cost of risk.  BerkleyMed is committed to establishing such a partnership with our clients, and we have invested in the technology and tools needed to help our clients achieve success in managing their professional liability exposure.

Just as a healthcare provider would not evaluate a patient without the proper technology, tools and resources, neither should a healthcare facility be expected to evaluate their professional liability exposure without the proper technology, tools and resources.  BerkleyMed provides you what you need to improve decision making and maximize performance.  By preventing and controlling losses, both in the retained and excess layers, we can work together to reduce your overall total cost of risk.

The bottom line is that by understanding your cost drivers through our benchmark capabilities, we can recommend changes in your clinical and loss prevention areas that are proven best practices.

BerkleyMed is committed to assisting our insureds in their efforts to reach best practice performance. In support of that commitment, we have conducted a webinar designed to quantify the impact that OB has on their overall risk program performance. By improving patient safety and quality in the high risk area of OB, insureds have the greatest potential to control costs within their retained layer.

Making $ense of OB: Quantifying Risk and Improving Outcomes