Healthcare Liability Captives Play a Role in Improving Patient Care

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

Michael Maglaras, principal at Michael Maglaras & Company, expands upon the idea that healthcare liability captives contain a wealth of historical claim data related to patient safety failures and lapses in the standard of care. Under accountable care and population management, unsatisfactory performance in the standard of care affects payor reimbursements for health care. Historically, there has been little dialogue between risk management departments and quality improvement departments in healthcare systems. The information required to take down the walls between risk management and quality comes in the form of the millions of dollars of paid claims data available in medical liability captives. This data can translate into improved margins and quality improvements directly related to the mistakes of the past.