GastroAssure Captive Insurance Option Set Up for GI Practices
July 25, 2019
The group purchasing organization Gastrologix and the Digestive Health Network, a group of independent gastrointestinal (GI) practices, have created GastroAssure, a captive insurance program formed to provide medical professional liability to independent gastroenterology practices.
Seven independent gastroenterology practices from across the country share ownership of the "risk-bearing insurance vehicle," where qualifying independent practices will participate as owners and share in the profits of the captive insurance program.
GastroAssure was developed in collaboration with Curi, a physician-owned medical mutual company (formerly Medical Mutual Insurance Company of North Carolina) and Arthur J. Gallagher, the broker for the captive insurance program.
In addition to insuring medical professional liability, participating practices may also insure ancillary businesses such as endoscopy centers, pathology labs, and anesthesia services with captive insurance parameters that mirror their current medical professional liability policies.
"We're proud to partner with independent GI physicians as they navigate unique challenges and opportunities in today's ever-shifting health care environment," said Dale Jenkins, CEO of Curi.
July 25, 2019