Accountable Care Rollout Creates Special Demands on Medical Professional Liability Captives

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

In this video, Michael Maglaras, principal at Michael Maglaras & Company, considers the important role that healthcare liability captives will play in the unfolding of accountable care. Mr. Maglaras regards claims data mining to inform improved quality and outcomes to be most significant. In comparison to other industries, medical liability is a late arriver in terms of pushing claims outcomes back into informing the quality improvement stream. To do this takes money in the form of an expanded captive budget that integrates more service providers, consulting assistance, and software. In the future, captive budgets will be about immediate use of data in the improvement of margins, care, and enhanced patient safety (enhanced outcomes).