By purchasing professional, general, and excess liability insurance, Members achieve many improvements in their current programs and risk management initiatives. The benefits of membership are as follows:
INSURANCE
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Members receive a share of the underwriting profits and investment income
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Returns of Member premium in the form of cash dividends and equity account deposits. Total dividends distributed though the 20-year history of the program exceeds $20 Million
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No insurance broker/agent fee expense or commission expense
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Stable cost insurance vs. cyclical
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Communicable disease protection included
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Primary aggregate reinstatement
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Access to stabilized property and automobile insurance programs.
OWNERSHIP AND CONTROL
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Direct access to insurance company CEO & management team
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Participation in claims process
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Collaborate with other CEOs, CFOs, & Risk Managers
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Participate in strategy & governance (board & committees)
Membership in PCRRG represents a strategic opportunity in contrast to an annual insurance buying decision. Members are owners and policyholders of the company. Members “invest in” and “own” their risks exclusively with other Peace Church, not for profit, aging services providers, all known to one another. They have common interests, commitments and incentives, and thereby are directly rewarded by sharing in the profits of the company, based upon performance. Members work together in providing the safest environments and practices for their residents, people under their care and their employees.
CLAIMS
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Claims report & analysis software to evaluate Member trends and emerging risks and providing early intervention on potential claims, with a dedicated Risk Manager
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Access to a nationwide panel of attorneys specialized in senior care
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Feedback on choice of counsel
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Strategic partnership with Caring Communities for effective claim management and litigation
Claims Management: PCRRG Reporting Philosophy
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Promotes early incident reporting
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Identification of events that may develop into a claim
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Establishes regular updates of incident development or changes in status
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Allows members to resolve incidents pre-suit
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Establish a unified approach to incident reporting
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Incident & Claims Management Manual providing information on:
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Incident/Claim Reporting
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PEER RL Datix – Online reporting system
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Reimbursement of claim expenses
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RISK MANAGEMENT EDUCATION
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Annual National Aging Services Risk Management Conference, NASRM
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Annual Spring Risk Management Training Conference
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Best-practice toolkits in several high-risk areas
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Monthly risk-management webinars available to all staff
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Continue Education Units for RNs and Administrators
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Online risk management library (documents, templates)
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CPRASM designation: Certificate for Professional in Aging Services Risk Management, designed for the aging services risk manager available at no additional cost. Online delivery for student flexibility, available 24 hours per day, 7 days per week.
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Strategic partnership with ECRI, a nonprofit, mission-focused, independent healthcare research institute. The only Consumer Reports-like evaluator of healthcare technology. Evidence-Based Practice Center designated by the Agency for Healthcare Research and Quality (AHRQ). A federally designated Patient Safety Organization (PSO)
Philip B. Leaman, brings over 30 years of risk management and risk financing experience to his role as Chief Executive Officer. Phil is dedicated to the mission of Resource Partners and its member institutions. He brings specialized knowledge of non-profit risks and the alternative market structure, including captive Insurance structures and the formation of Risk Retention Groups. Phil provides direct oversight of the Peace Church Risk Retention Group and Peace Church Workers Safety Programs.