Medical Professional Liability Insurance companies are fiercely committed to the mission of advancing, protecting and rewarding the practice of safe medicine. Key to this mission is to have data-driven intelligence that uncovers hidden risk and trends specific causes of error and respond to the emerging challenges with innovative solutions:

We believe that the industry has to overcome number of challenges to achieve this mission. Some of the challenges are:

  • Being able to trend data-driven intelligence that uncovers hidden risk and trends specific causes of error
  • Being able to trend Clinical Data together with Claims data, and drill down into the contributing factors and root causes to improve patient safety to reduce the claims
  • Being able to identify signals of vulnerabilities and opportunities to improve patient safety, and catalyze change for optimal risk reduction
  • Being able to enable Risk Indicators linked to pricing based on profiles of physician/organization
  • Being able to trend the Reserve setting, Claim Rate, Loss ratio and Operating Ratio over time
  • Being able to develop evidence based Indicators based on Clinical trials for Claims (Defensibility of Claims)
  • Being able to search and refer to the past data from massive knowledge collected over years for better decision making
  • Being able to optimize the data Capture to build statistical models for predictive analytics
  • Being able to seamlessly interface with internal (E.g. accounting systems) and External Systems
  • Being able to collaborate with internal and external stake holders through a single window

Our solutions and services are designed to help MPL companies overcome these challenges