Associated Health Assurance Ltd
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Program 1
PROVIDED HOSPITAL PROFESSIONAL LIABILITY (NON-PHYSICIAN) INSURANCE POLICY, ON A FIRST DOLLAR BASIS, EXCLUSIVELY TO NORTH MEMORIAL HEALTH CARE. SPECIFIC COVERAGE PROVIDED: $2MM EACH CLAIM, $4MM IN THE AGGREGATE ON A CLAIMS-MADE BASIS, WITH A RETROACTIVE DATE OF 3-1-1976. 4 NEW PROFESSIONAL LIABILITY CLAIMS WERE MADE DURING THE YEAR. $31,852 WAS PAID ON NEW CLAIMS DURING THE YEAR, WHILE $522,905 WAS PAID ON CLAIMS FROM PRIOR POLICY YEARS.
Program 2
PROVIDED WORKERS COMPENSATION AND EMPLOYERS LIABILITY DEDUCTIBLE INSURANCE POLICY THAT COVERED NORTH MEMORIAL HEALTH CARE'S $750,000 PER CLAIM DEDUCTIBLE WITH RESPECT TO ITS WORKER'S COMPENSATION INSURANCE POLICY THAT IS CARRIED BY A DIFFERENT THIRD-PARTY INSURANCE COMPANY ($15.0MM IN ANNUAL AGGREGATE). NORTH MEMORIAL HEALTH CARE MAKES MONTHLY WORKERS' COMPENSATION PAYMENTS TO ITS INSURANCE PROVIDER THEN SUBMITS A CLAIM FOR REIMBURSEMENT FROM ASSOCIATED HEALTH ASSURANCE FOR ITS INSURED DEDUCTIBLE. 965 NEW WORKERS' COMPENSATION INDEMNITY CLAIMS AND/OR MEDICAL CLAIMS WERE MADE DURING THE YEAR. $1,408,944 WAS PAID ON NEW CLAIMS DURING THE YEAR, WHILE $1,778,661 WAS PAID ON CLAIMS FROM PRIOR POLICY YEARS.
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Operations
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