NEWS DETAIL

  • Source : Press Release
  • Date : 2019-11-07
  • Companies : Premier Inc.

Hospitals in Premier Inc. Insurance Program Will Receive $4 Million

Premier Insurance Management Services Inc., a Premier Inc. company, is returning approximately $4 million in annual profit sharing to 70 hospitals and health systems that participate in its excess workers' compensation program with Safety National Casualty Corporation (SN).

“While this year's profit sharing going back to policyholders represents a meaningful portion of annual premiums, it more importantly represents the long-term commitment to employee safety and risk mitigation by both our members and our outstanding partner, Safety National,” said Joelle Hren, President of Premier Insurance Management Services.

SN (A rated, A.M. Best) is a trusted market leader of specialized insurance and reinsurance solutions. SN combines exclusive coverage features and comprehensive risk management services creating unique expertise and unparalleled commitment to safety and customers.

The insurance program with SN was established nearly 20 years ago and provides excess workers' compensation insurance to hospitals and health systems. Active, qualifying policyholders in the program with Premier Insurance Management Services have an opportunity to receive a portion of the policy year profits based on favorable program experience.

Since the insurance program inception in 1993, Premier Insurance Management Services has returned more than $27 million in profits to program members.

For nearly 30 years, Premier has provided innovative insurance solutions and customized products and services to hospitals and health systems. Premier Insurance Management Services has a proven track record of achieving financial savings and loss reduction through collaborative best practice sharing, benchmarking and data-driven analytics.

About Premier, Inc.

Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,000 U.S. hospitals and health systems and approximately 175,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier's news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier's blog for more information about the company.

Contact: [email protected]