Accountable Care's Effect on Medical Professional Liability

 
Captive Use Trends & Innovations  | Industry Applications | Michael Maglaras | Principal | Michael Maglaras & Company 

Michael Maglaras, principal at Michael Maglaras & Company, discusses how accountable care is resulting in the marriage between claim activity and quality. Healthcare captives warehouse substantial amounts of medical professional liability claims data. Captive owners are now mining this data to instruct quality improvement that leads to a safer patient environment, improved margins, and reputational security. The management of reputational risk is one of the most significant risks facing healthcare institutions, and the integration of claims data into a quality improvement process is a key to managing this risk. Right now, this is changing the medical liability framework.