Recent regulatory changes have heightened the need of healthcare organizations to have a state-of-the-art management liability insurance program in place, according to a report by ACE USA, US based retail operations of the ACE Group.
The paper, entitled ‘The Rising Tide of Risk for the Healthcare Industry’, is the first in a series of reports to be released by ACE designed to highlight the increased exposures faced by healthcare organizations.
The paper discusses the significant upswing in the number of False Claims Act cases in recent years, and how this impacts the reimbursement process. It also discusses current antitrust enforcement trends, and the high stakes associated with disputes between hospitals and physicians over credentialing and peer review matters.
"ACE is committed to providing practical information on a range of relevant issues," said Keith Lavigne, senior vice president, ACE USA Professional Risk, one of the paper’s authors.
“This paper is the first in a series that will address matters of critical importance to healthcare organizations. Our goal is to inform healthcare organizations, their outside counsel and their brokers, and to encourage them to take a comprehensive approach to the management of these exposures.”
regulatory changes, ACE USA, ACE Group