A Change in Brokers Meant a 30 Percent Savings for one Radiology Practice
A large radiology practice with multistate teleradiology exposure found its operations expanding, translating into an increase in claims activity and malpractice renewal premium increase of 35%. Cost containment was critical, but the organization did not want to sacrifice coverage. Additionally, with the expansion into new territories, the healthcare organization wanted to ensure it had all the proper coverage in force.
THE SOLUTION – CORE360 from Arthur J. Gallagher & Co.
The organization hired Gallagher due to their specific healthcare expertise in the radiology space, with a goal saving premium and ensuring
proper coverage. Over the course of four weeks, we used our proprietary CORE360 model to evaluate each of the 6 cost drivers of the
client’s risk management program, working to minimize their total cost of risk.