Published in Hospital Law Weekly, October 30th, 2008
But this has been the experience of Caymich Insurance Company, Ltd., a captive insurer owned by a number of Michigan's most respected hospital systems. Caymich has become the first recipient of a payment from some of its reinsurers under Beazley's innovative QUIRP (Quality Indicator Return Premium) program, designed to incentivize hospitals to pursue quality initiatives that reduce their vulnerability to malpractice lawsuits.
Nat Cross, head of Beazley's healthcare practice, reported that the...
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