Healthcare Safety & Liability Management

Captive Insurance & Alternative Risk Financing

A turn-key approach

 

Design:

Clarity assists senior management and their boards of directors to articulate their strategic goals in the formation of an alternative risk financing model. From these goals various models for the creation of an insurance operation are explored for their fit with a number of criteria including regulatory, financial and operational considerations.

 

Formation:

Once the selection of insurance operation model is made, Clarity completes the formation and licensing process appropriate to the domicile for the company. Key aspects of this phase include: business plan development, actuarial analysis and rating plan design, application and policy forms development, claims and risk management systems design, and financial documents. Coordination with the healthcare organization's internal systems is central to the formation process.

 

Operations & Management:

Clarity provides the services to operate and manage the newly formed insurance company. A full-service provider, Clarity provides underwriting, risk and claim management services alongside regulatory compliance and financial management for the company. Core to the operation's philosophy is Clarity's Total Risk, Quality, Safety, Service Management Model (The TRQS2 Model™) which integrates the healthcare organization’s efforts to enhance healthcare excellence with the insurance product to help support good financial performance of the insurance entity making the connection between quality and liability explicit.

 

Contact us at: info@claritygrp.com or 773-864-8280