News
FOR IMMEDIATE RELEASE
CONTACT:
Alven Weil
Premier Inc.
704.733.5797
Participants in Premier Insurance Management Services sponsored Fidelity & Fiduciary Liability program divide up more than $104,000
27 hospitals, health systems share Fidelity & Fiduciary Liability profits
CHARLOTTE, N.C. (December 29, 2009) – Premier Insurance Management Services Inc. (PIMS) has returned more than $104,000 in experience credit payments to 27 Premier healthcare alliance member hospitals and healthcare systems that participate in the PIMS Fidelity and Fiduciary Liability sponsored insurance program.
The experience credit payments of $104,000 made on December 22, 2009, came from profits posted for policy years 2002/2003 and 2003/2004 with Zurich North America, which provided the insurance to participants that received the experience credit payments.
PIMS has offered a Fidelity and Fiduciary Liability sponsored program to Premier alliance members since 1997.
About Premier Insurance Management Services Inc. (PIMS)
Incorporated in 1987, PIMS is an Illinois for-profit corporation wholly owned by
Premier Inc. PIMS provides contracted management services for American Excess
Insurance Exchange, Risk Retention Group (AEIX), and is attorney-in-fact for
Premier Insurance Exchange, Risk Retention Group (PRx). PIMS also serves as
program manager offering enhanced sponsored programs with leading commercial
insurers through a comprehensive portfolio of property, casualty and employee
benefit products. Other services include providing claims and risk management
assessments and education offerings regarding medical professional liability for
hospitals and their physicians. For more information, visit
http://www.premierinc.com/risk/tools-services/pims/index.jsp.
About the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,400 U.S. hospitals
and nearly 70,000 other healthcare sites working together to achieve high quality,
cost-effective care. Owned by not-for-profit hospitals, Premier maintains
the nation's most comprehensive repository of clinical, financial and outcomes
information and operates a leading healthcare purchasing network. A world leader
in helping deliver measurable improvements in care, Premier works with the
Centers for Medicare & Medicaid Services and the United Kingdom's National
Health Service North West to improve hospital performance. Headquartered in
Charlotte, N.C., Premier also has offices in San Diego, Philadelphia and
Washington.
http://www.premierinc.com