Chubb Healthcare

The healthcare industry is at a crossroads involving new medical treatments, rapid advances in healthcare technology, a constantly changing regulatory landscape, transparency requirements and financial constraints. Chubb understands these changes and offers a wide range of liability products specific to the healthcare industry.

Chubb Healthcare

The healthcare industry is at a crossroads involving new medical treatments, rapid advances in healthcare technology, a constantly changing regulatory landscape, transparency requirements and financial constraints. Chubb understands these changes and offers a wide range of liability products specific to the healthcare industry.

Why Chubb?

Healthcare organizations need to be smart about who they select as an insurer to help manage their risk. Providers should look at more than just the financial stability of the carrier, product price, and coverage terms and conditions, but also whether the insurer has the knowledge and experience to handle the long-tail liability associated with healthcare. We are committed to the healthcare industry and here’s how we can help.

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Have You Considered the Critical Risks Confronting Today’s Healthcare Industry?

Download Chubb’s Whitepaper which Examines 11 Critical Risks Facing the Healthcare Industry and Offers Risk Management Strategies.

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Information to help healthcare providers manage their risk profile

Chubb Healthcare Blog Series

When the Physician Becomes the Patient: Diagnosing Treating Physician Burnout
When the Physician Becomes the Patient: Diagnosing Treating Physician Burnout
The Danger of Turning a Blind Eye to Violence in Hospitals
The Danger of Turning a Blind Eye to Violence in Hospitals
In Celebration of Healthcare Risk Managers
In Celebration of Healthcare Risk Managers
Risk Management Matters in the OR
Risk Management Matters in the OR
Healthcare Risk Managers Make a Difference
Healthcare Risk Managers Make a Difference

Environmental and Pollution Management

As the healthcare sector undergoes rapid change, risk managers and compliance officers must meet and comply with a dizzying array of environmental laws and regulations.

Did You Know?

  • Environmental-fact-1

    There were 102 hospital transactions in 2016

  • Environmental-fact-2

    That’s up 55% from 2010

  • Environmental-fact-3

    Deals included mergers, acquisitions and joint ventures

  • Environmental-fact-4

    M&A activity directly correlates to a healthcare provider’s environmental risk profile

Environmental Risks in Healthcare

Download Chubb's Whitepaper which examines how changing legislation, an aging population and greater access to insurance are putting a greater stress on existing healthcare facilities while increasing the need for new and updated facilities.

Resources

Information to help healthcare providers manage their risk profile.

Chubb Environmental Advisory

Sweeping healthcare changes are renewing the focus on construction-related environmental risks

Chubb Environmental Advisory
Chubb Environmental Product Offering

Our environmental coverages and services offer a broad range of pollution protection

Chubb Environmental Product Offering
Environmental Incident ALERT

Environmental releases can happen at any moment. Protect yourself with our complimentary alert system

Environmental Incident ALERT
PPL Coverage

Healthcare organizations face unrecognized environmental risks from their daily actions

PPL Coverage

Sources

Source #1: "Hospital Merger and Acquisition Activity Continues Upward Momentum, According to Kaufman Hall Analysis," Kaufman Hall

Sources

Long-Term Care Facilities

Long-term care facilities care for a vulnerable population and serve an important need. In executing against that mission, however, they face unique risk exposures.

Did You Know?

  • Memory-Care-fact-1

    By 2030, the number of people in the world aged 60 or older will reach 1.4 billion

  • Memory-Care-fact-2

    Over 94 million of those people will reside in the United States

  • Memory-Care-fact-3

    75.6 million people around the world will be living with dementia

  • Memory-Care-fact-4

    Existing long-term care providers will have to do more with less to care for this growing population

Resources

Information to help healthcare providers manage their risk profile.

What to Know When Selecting a Nursing Home for a Loved One

Choosing a nursing home is a big decision. To help guide you through the visitation process, here are the patient safety and quality of care considerations to evaluate.

What to Know When Selecting a Nursing Home for a Loved One
Checklist of Essential Risk Management Features (Stand-alone)

For stand-alone memory care communities, evaluate the effectiveness of your existing practices and protocols

Checklist of Essential Risk Management Features (Stand-alone)
Checklist of Essential Risk Management Features (Integrated)

For memory care communities that reside with a larger long-term care organization, evaluate your existing practices and protocols

Checklist of Essential Risk Management Features (Integrated)
Home Healthcare Assessment

For long-term care centers that offer home health services, review the most relevant home health practices and procedures and identify areas for improvement

Home Healthcare Assessment
Chubb Long-Term Care Facilities Product Offering

Chubb offers professional and general coverages for long-term care facilities, with unique specialty coverage endorsement options

Chubb Long-Term Care Facilities Product Offering
The Senior Living Market in a Changing World

Chubb’s Caroline Clouser talks with Insurance Journal about the changing landscape in the long-term care and senior living market, and the importance of understanding emerging topics and industry risks

The Senior Living Market in a Changing World
Developing an Emergency Preparedness Plan for Long-Term Care Facilities

Chubb’s Diane Doherty talks with Risk & Insurance about the importance of emergency preparedness for long-term care facilities and best practices for developing a corresponding plan

Developing an Emergency Preparedness Plan for Long-Term Care Facilities
4 Considerations for Building Your Emergency Preparedness Plan

Chubb’s Diane Doherty shares with McKnight’s Long-Term Care News the most important elements long-term care facilities must consider in creating their emergency preparedness plans

4 Considerations for Building Your Emergency Preparedness Plan

Sources

Source #1: “World Population Ageing 2015,” United Nations: Department of Economic and Social Affairs Population Division

Source #2: “Mental Health and Older Adults,” World Health Organization

Sources
Checklist of Essential Risk Management Features (Integrated)

For memory care communities that reside with a larger long-term care organization, evaluate your existing practices and protocols

Checklist of Essential Risk Management Features (Integrated)
Home Healthcare Assessment

For long-term care centers that offer home health services, review the most relevant home health practices and procedures and identify areas for improvement

Home Healthcare Assessment
Chubb Long-Term Care Facilities Product Offering

Chubb offers professional and general coverages for long-term care facilities, with unique specialty coverage endorsement options

Chubb Long-Term Care Facilities Product Offering

Healthcare Fraud and Abuse

In the shift from fee-for-service to value-based care, providers must navigate how to implement alternative payment models without creating revenue gaps.

Did You Know?

  • Healthcare-Fraud-fact-1

    In 2017, there are 359,000 clinicians who participate in four alternative payment models offered through The Centers for Medicare & Medicaid Services (CMS)

  • Healthcare-Fraud-fact-2

    The Department of Health and Human Services (HHS) originally set a goal of tying 50 percent of Medicare fee-for-service payments to quality or value through alternative payment models by 2018

  • Healthcare-Fraud-fact-3

    HHS has also set a goal of tying 90 percent of all Medicare fee-for-service to quality or value by 2018

  • Healthcare-Fraud-fact-4

    Combined underpayments to hospitals recently reached $57.8 billion

Want to Learn More

Resources

Information to help healthcare providers manage their risk profile.

Physician Office Practice Self-Assessment Tool

This holistic physician office—many of which are owned by hospital systems—assessment tool provides specific risk analysis information for billing and collection issues

Physician Office Practice Self-Assessment Tool
Risk Alert: Healthcare Fraud and Abuse at Hospital and Health Systems

Understand the steps your organization should take to reduce exposure to healthcare fraud and abuse-related practices

Risk Alert: Healthcare Fraud and Abuse at Hospital and Health Systems
Why is There a Problem with Upcoding and Overbilling?

In Medical Economics, Chubb’s Diane Doherty shares the most common types of fraudulent billing practices and tips to follow proper Medicare coding procedures

Why is There a Problem with Upcoding and Overbilling?

Sources

Source #1: “Changing How Doctors Get Paid,” Modern Healthcare

Source #2: “Health Care Payment Learning and Action Network,” Center for Medicare & Medicaid Services

Source #3: “Underpayment by Medicare and Medicaid Fact Sheet,” American Hospital Association

Sources

Healthcare Cybersecurity

Ensuring HIPAA compliance and protecting patient privacy has always been a top priority for healthcare providers, but it’s never been more challenging than today.

Did You Know?

  • Cybersecurity-fact-1

    Cybersecurity consistently ranks as a top concern for healthcare executives

  • Cybersecurity-fact-2

    Healthcare cybersecurity spending is expected to reach $65 billion by 2021

  • Cybersecurity-fact-3

    Healthcare data breaches account for 36% of all data breaches

  • Cybersecurity-fact-4

    The expanded use of telemedicine, wearables and EHRs makes healthcare organizations more vulnerable than ever

Critical Risks Facing the Healthcare Industry

Resources

Information to help healthcare providers manage their risk profile.

Healthcare by the Numbers: Cybersecurity

Data shows healthcare organizations are prime targets for hackers. How exposed is your organization?  

Healthcare by the Numbers: Cybersecurity
Healthcare Tech Comes with Cyber Risks

Chubb’s Caroline Clouser talks with Institutional Investor about why the potential for hacks and breaches is growing

Healthcare Tech Comes with Cyber Risks
Emerging Cybersecurity Trends

Chubb’s Caroline Clouser speaks with A.M. Best about what’s driving an uptick in healthcare cyber breaches

Emerging Cybersecurity Trends
The Wearable Will See You Now

Discover how the use of medical wearable technology will be a hallmark of the hospital of the future

The Wearable Will See You Now
What Agents and Brokers Should Know about Healthcare Cybersecurity Risks

In Independent Agent, Caroline Clouser shares resources for agents and brokers as they look to protect their healthcare clients from growing cybersecurity exposures

What Agents and Brokers Should Know about Healthcare Cybersecurity Risks

Sources

Source #1: “2017 Thales Healthcare Data Threat Report: Organizations Spending Big on Cyber-Security,” Thales

Source #2: “Healthcare Cybersecurity Report,” Cybersecurity Ventures

Source 3: “2016-2017 Data Breach Response Guide,” Experian

Sources

Opioid Abuse

The opioid epidemic has impacted communities across the country. To stem the crisis, providers must find a way to balance pain management needs with ethical prescription practices.

Did You Know?

  • Opioid-fact-1

    Between 11% and 40% of the U.S. population report having some level of chronic pain

  • Opioid-fact-2

    Providers often rely on opioids as a first-choice treatment in combatting pain

  • Opioid-fact-3

    More than 33,000 people died from an opioid-related overdose in 2015 alone

  • Opioid-fact-4

    The majority of opioid prescriptions are written by primary care physicians

Managing Your Opioid Risk Exposure

Resources

Safe Opioid Prescribing Practices Heatmap

Hospitals are increasingly being called upon to play their part in stemming the opioid crisis. Understand your risk.

Safe Opioid Prescribing Practices Heatmap
10 Steps to Develop an Opioid Prescription Risk Management Plan

Chubb’s Diane Doherty discusses the importance of developing comprehensive risk management strategies to address the misuse and abuse of opioids

10 Steps to Develop an Opioid Prescription Risk Management Plan
Facing the Opioid Crisis Head On

Featured in Accountable Care News, Chubb’s Diane Doherty explores key considerations for implementing prescription risk management plans

Facing the Opioid Crisis Head On
Opioids Present New Liability Exposure for Hospitals

Chubb’s Diane Doherty shares with Fierce Healthcare the top emerging liability exposures hospitals must address in 2018 and the importance of developing an opioid prescription risk management plan

Opioids Present New Liability Exposure for Hospitals

Sources

Source #1: “National Pain Strategy,” National Institute of Health: The Interagency Pain Research Coordinating Committee

Source #2: “Increase in Drug and Opioid-Involved Overdose Deaths—United States, 2010-2015,” Centers for Disease Control and Prevention

Sources

Did You Know?

We offer a multitude of risk management guides, whitepapers, checklists and more designed specifically for our healthcare industry clients on our Chubb Healthcare Risk Management Portal.