PeriGen Announces Innovative Agreement with Beazley Group

OB-Specific Solutions Lower Cost of Medical MalpracticeInsurance

PRINCETON, N.J.--(BUSINESS WIRE)-- PeriGen, Inc., the only OB-specific risk reduction company to provide solutions which generate immediate quantifiable clinical and financial value, today announced that it has entered into an agreement with Beazley Group, a Lloyd’s of London-based insurer of medical malpractice for U.S. hospitals. Beazley will provide insurance coverage at a reduced cost to hospitals that implement PeriGen’s solution suite.

“As a leading insurer of hospitals’ medical malpractice exposures, Beazley recognizes that a strong commitment to patient safety can improve clinical outcomes,” said Donald A. Deieso, Ph.D., Chairman & CEO of PeriGen. “We are delighted to collaborate with Beazley in offering our clients the benefits of PeriGen’s powerful solutions and Beazley’s innovative approach to delivering cost-effective coverage to clients.”

Beazley’s Lloyd’s syndicates, rated A by A.M. Best, insure hospitals on a non-admitted or surplus lines basis and coverage can only be arranged through an accredited surplus lines broker.

“Medical malpractice insurers often tend to look in the ‘rear view mirror,’ at past claims experience, when pricing insurance,” said Nat Cross, the head of Beazley’s healthcare professional liability team. “We try to look through the ‘windshield’ at opportunities to lower the cost of claims in the future. We are pleased to reward investments in proven medical information technologies – such as those offered by PeriGen – that hold out the prospect of improved patient outcomes and lower claims costs.”

PeriGen is a technology-enabled solutions firm, providing a full suite of consulting and professional services to improve outcomes and increase patient safety in OB. PeriGen’s advanced clinical decision support and fetal monitoring solutions combine patient data with evidence-based guidelines to generate real-time prompts, alerts, and reminders at the patient’s bedside. Providing a virtual “safety net” for both patients and clinicians, PeriGen helps to ensure the early identification of potential problems, leading to swift intervention and better clinical outcomes. PeriGen’s solutions include the use of advanced, proprietary reporting and analytics tools, which help client hospitals to drive a cycle of continuous quality improvement, and to achieve the highest standard of care.

“At PeriGen, we work exclusively to reduce risk in Obstetrics, the specialty which often ranks first in severity among malpractice claims,” said Kathryn Townsend, R.N., J.D., and Director of Client Insurance Programs for PeriGen. “We are pleased that an insurer of Beazley’s caliber has recognized the remarkable benefits of our solution.”

PeriGen’s comprehensive solutions encompass every aspect of OB care, from prenatal, to labor and delivery, to postpartum and Well Baby. Proven to manage risk and reduce malpractice claims in OB, PeriGen’s solutions have demonstrated a financial return on investment of less than two years.

About PeriGen, Inc.

Formerly E&C Medical Intelligence, PeriGen is a technology-enabled professional services company specializing in risk reduction and clinical quality improvement in Obstetrics. Singularly focused on reducing risk and improving financial performance, PeriGen’s clinical decision support and fetal monitoring solutions are installed in over 100 hospitals across North America. A pioneer in clinical decision support, PeriGen provides innovative solutions and a full suite of complementary professional and consulting services that reduce risk and improve clinical outcomes. PeriGen is a US corporation headquartered in Princeton, New Jersey, with offices in Canada and Israel. For more information, please visit us at www.perigen.com.

About Beazley Group

Beazley plc (BEZ.L) is the parent company of global, specialist insurance businesses with operations in the UK, US, France, Germany, Ireland, Singapore, Hong Kong and Australia. Beazley manages four Lloyd’s syndicates: Syndicates 2623 and 623 underwrite a broad range of insurance and reinsurance business worldwide; Syndicate 3623 focuses on accident and health business; and 3622 is a dedicated life syndicate. In 2008, Beazley underwrote gross premiums of £875.7 million. All Lloyd’s syndicates are rated A by A.M. Best.

Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd’s. For more information, please visit us at www.beazley.com.

PeriGen
Adrienne Kowalski
215-790-7839
Cell: 215-850-4641
[email protected]
or
Sandra Taylor, Ph.D.
Chief Marketing Officer
609-228-8346
[email protected]

Source: PeriGen, Inc.