Coverys Announces New Reimbursement Program for Policyholders Joining Patient Safety Organizations (PSO)
Eligible Policyholders Can Receive up to $5,000 Under New Program
Boston, MA - May 19, 2015 - Coverys, a leading provider of medical professional liability insurance and related services, announced today that it will be providing partial reimbursement of annual membership fees paid by eligible policyholders who join a certified Patient Safety Organization (PSO). This new program is offered in support of the Agency for Healthcare Research and Quality (AHRQ) priority to make healthcare safer and to acknowledge the important contribution of AHRQ’s Patient Safety Organization (PSO) Program in helping healthcare organizations and providers improve patient safety.
PSOs serve as independent, external experts who collect, analyze, and aggregate local, regional and national data that is given privileged and confidential protections pursuant to federal law. The ability to work with large amounts of data allows a PSO to develop insights into the underlying causes of patient safety events and to develop more reliable information on how best to improve patient safety.
Under Coverys’ plan, eligible insureds who join a PSO will receive reimbursement of 50 percent of their annual membership fee (up to $5,000) as long as the PSO is certified by AHRQ and listed with the Department of Health and Human Services. A complete listing of eligible PSOs can be found at www.pso.ahrq.gov/listed. “At Coverys, we strongly support and promote patient safety initiatives,” said Gregg L. Hanson, CEO and president of Coverys. “PSOs have contributed valuable information for analysis leading to increased patient safety for both physicians and facilities. We want to incentivize our insureds to participate in sharing information with certified PSOs to make healthcare safer for everyone.”
For more information about the PSO reimbursement program, please contact Coverys Risk Management at (800) 225-6168.
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 allied health care 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 50 for the past five years. In addition to its insurance products and service delivery to the health care 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.