Coverys Integrates Member Companies’ Risk Management Programs

Enterprise-wide Risk Management Program to Positively Impact Physicians, Hospitals, Patients

Boston, MA - July 2, 2012 - Coverys, a leading provider of medical professional liability insurance, has announced it is integrating its member company risk management programs into one all-encompassing, expanded program. These services will be available for all healthcare provider and medical facility policyholders to help improve patient safety and quality of care, and reduce medical errors and costs.

Coverys policyholders currently receive risk management services from three different offices with different approaches. The purpose of this integration is to identify and utilize the strengths of Coverys’ existing Risk Management Department and of Coverys member company Risk Management & Patient Safety Institute (RM&PSI). Throughout the ongoing integration there will be no disruption in risk management services for Coverys policyholders. Ultimately, the newly integrated Risk Management Department will be the result of much collaboration by company leadership and company risk management experts on the most timely and successful selection of services possible.

“With the evolving demands of healthcare reform and reimbursement guidelines, it is imperative to offer relevant products and services to our customers,” said Gregg L. Hanson, president and chief executive officer for Coverys. “As a result of the 2009 acquisition of FinCor Holdings, Inc. and its subsidiary, RM&PSI, we have two highly acclaimed risk management programs. By combining these units under the Coverys name it ensures that our policyholders receive the best of what we have to offer, no matter where they are located.”

Coverys’ risk management services include:
  • Benchmarking data identifying trends in severity and frequency of claims
  • Customized programming tailored to specific loss prevention strategies
  • Key quality metrics and best practices
  • Office appraisals and facility assessments
  • Consultative services
  • Emotional support
For more information about Coverys please contact Katharine Gould at kgould@coverys.com or (617) 946-8665, or visit the company’s website at www.coverys.com.


About Coverys

Coverys is one of the top 10 medical professional liability insurance providers in the country based on direct written premium. Coverys member companies insure more than 20,000 physicians, surgeons, dentists, certified nurse midwives and allied healthcare providers, as well as nearly 500 hospitals, health centers and clinics in 23 states from coast to coast. Coverys is committed to financial strength and stability with net admitted assets in excess of $3.2 billion, direct written premium of $375 million and policyholder surplus of $1.1 billion, as of December 31, 2011. In addition, all Coverys insurance member companies have a Best’s Rating of A- (Excellent). Coverys emphasizes physician education and patient safety, and the company is acknowledged as a leader in providing supportive risk management services and resolute claim defense to the healthcare community. Coverys also offers a variety of interactive and relevant continuing medical education (CME) activities to healthcare providers across the country. For more information visit the Coverys website at www.coverys.com. Timely industry and company news can also be found on the Coverys blog at coverys.wordpress.com, on Twitter (@Coverys) and on the company’s Facebook page.