Boston, MA - November 12, 2015
- Coverys, a leading provider of medical professional liability insurance and related services, announced that it has established a strategic alliance with the Michigan Health and Hospital Association (MHA) Keystone Center. Through this alliance, MHA Keystone Center has named Coverys its preferred provider of medical professional liability insurance.
Coverys will recognize the use of the MHA Keystone Center’s Premium Hospital Readmission Analytics Tool, “Readmetrix”, for a three percent risk management premium credit for eligible Coverys policyholders who are also MHA Keystone Center members. Readmetrix allows hospitals to track readmissions in order to identify care improvement and cost-reduction opportunities. Users can analyze readmission rates for key conditions including pneumonia, heart failure, acute myocardial infarction and joint replacement; track improvement progress for care transition efforts; and to better understand the care conditions that effect readmissions to reduce the likelihood of readmission for future patients.
Additionally, MHA Keystone Center will provide a ten percent discount on the price of the Premium Level Readmetrix tool to Coverys policyholders in Michigan.
“Coverys is very pleased to join MHA Keystone Center in this strategic alliance that will provide our policyholders who are MHA Keystone Center members with valuable benefits from both organizations,” said Gregg L. Hanson, CEO and president for Coverys. “This alliance will assist Coverys policyholders to understand the causes of readmissions so that they can take action to reduce readmissions and positively influence clinical, operational and financial outcomes. The premium credit along with the negotiated price discount on the Readmetrix tool supports our commitment to policyholders to assist them in managing the costs associated with the practice of medicine.”
“We are recognizing Coverys as our preferred provider of medical professional liability insurance for its financial strength and our shared commitment to improving the quality of healthcare at
Michigan hospitals through innovations and collaboration,” said Brian Peters, CEO of the MHA. Coverys has been a longtime supporter of the Michigan Health & Hospital Association, and the alliance between our two organizations provides MHA Keystone Center members with cost-effective access to Coverys’ high quality products and services.”
Coverys is an innovative medical professional liability insurance provider dedicated to helping its policyholders and clients anticipate, identify and manage risk to reduce errors, eliminate inefficiency and improve outcomes. As one of the largest medical professional liability insurance providers in the country, Coverys is responsible for insuring over 32,000 physicians, dentists, and advanced practice providers, as well as more than 500 hospitals, health centers and clinics from coast to coast. Coverys has consistently been included in the Ward’s Top 50 for the past six years. In addition to its insurance products and service delivery to the healthcare industry, it also has established the Coverys Community Healthcare Foundation to support endeavors that focus on the improvement of patient safety as well as healthcare programs to reduce childhood obesity. For more information, visit Coverys at www.coverys.com.
Based in greater Lansing, the MHA advocates in Michigan and Washington, D.C., on behalf of healthcare providers and the communities and patients they serve. The MHA is a nationally recognized leader on initiatives that protect and promote quality, cost-effective and accessible healthcare. To learn more, visit http://www.mha.org
The MHA Keystone Center is a nonprofit organization that brings patient safety experts and hospitals together to work in collaborative programs to improve patient safety and healthcare quality and to reduce medical errors. To date, the center has been funded by MHA-member hospitals, Blue Cross Blue Shield of Michigan, the Agency for Healthcare Research and Quality, the Centers for Disease Control and Prevention, and the Michigan Department of Health and Human Services. For more information, visit http://www.mhakeystonecenter.org