Clearwater CEO Bob Chaput Shares Expertise on Insuring Hospital Cyber Risks Through Captives
Newest BOH Episode “Why Manage Cyber Risk though an Insurance Captive” Helps Hospitals Implement Best Practices
BOH announced its newest episode designed to help hospital and health system leaders better understand how captive insurance proves to be critical in the ongoing effort to manage and reduce cyber risk. Chaput, along with
In the new BOH series, Chaput shares expertise on:
• How captives provide financial savings and leadership engagement in managing cyber risk.
• Ways insurance captives have improved risk identification and controls for patient safety risks over the past 20 years.
• Arguments in favor of and against placing cyber risk management into a captive.
• Best organizational cyber risk investments.
Hospitals and health systems use captive insurance as an alternative to commercial carriers for professional liability, property, and workers comp insurance. Over the past 20 years, captives have helped drive a reduction in malpractice claim and catastrophic patient injury, especially in obstetrics and emergency medicine. Large providers are now experimentally using captives for other forms of risk such as employee health plans, managed care contracts, and director and officer exposures. Cyber is a new risk strategic to captive insurance.
To view the interview, visit: http://www.bohseries.com/episodes/20/why-manage-cyber-risk-through-an-insurance-captive.
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About BOH
Mission and Margin is the business of healthcare. Business of Healthcare (BOH) interviews feature innovations proven to sustainably improve healthcare. Each discussion includes a healthcare executive and innovator concentrating on the same problem. BOH, an editorially-independent and non-partisan media service, publishes its interviews at www.BOHSeries.com.
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