PHILADELPHIA--(BUSINESS WIRE)--Hospitals and healthcare organizations routinely face daily challenges and complex demands as they strive to provide the best quality care to patients. In recent years, the risks for this industry have increased, with greater pressure coming from cyber hacks or data security breaches and new regulatory requirements, such as those under the Affordable Care Act. These emerging challenges could potentially disrupt facility operations and test a facility’s risk management plan.
ACE Group today released a whitepaper examining the critical issues facing healthcare organizations, including healthcare reform and physician integration; preparedness for pandemics; disruptive staff behavior; telemedicine; and cyber risk, among several other serious exposures. The paper also offers the actionable recommendation of implementing a risk management program to mitigate those risks.
“Critical Risks Facing the Healthcare Industry,” was co-authored by Diane Doherty, Vice President, ACE Medical Risk Group and Renee Carino, Chief Underwriting Officer, ACE Medical Risk Group. This is the latest installment in ACE’s series of insurance and risk management advisories designed for risk managers.
“The healthcare industry is rapidly changing as healthcare organizations and their risk management departments are coming under increasing pressure to meet existing and emerging challenges,” says Ms. Doherty. “ACE Medical Group works with healthcare organizations to develop proactive and comprehensive risk management strategies to help address potential critical industry challenges head-on so at the end of the day they can better fulfill their primary mission to deliver the best possible patient care.”
The ACE Advisory provides an overview and risk management considerations regarding the following top critical issues facing healthcare organizations:
To read the full whitepaper, click here.
The material presented in this report is not intended to provide legal or other expert advice. It is presented for informational use only. Readers should consult legal counsel or other technical experts, as applicable, to answer any specific questions they may have.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com, or follow ACE on Twitter,https://twitter.com/ACEGroupNA.