Unique Approach Allows Hospitals To Proactively Manage Risk
Hamilton, Bermuda (September 7, 2011)—IronHealth, the specialty healthcare unit of Ironshore Inc., has entered into an agreement with RL Solutions to help clients manage hospital professional liability risk. The relationship with RL Solutions will enable IronHealth hospital clients to take advantage of preferred access with one of the leading developers of customized solutions for managing healthcare risk.
IronHealth’s hospital professional liability program provides for an annual allowance of funds available for the reimbursement of approved risk management expenses either with existing or IronHealth preferred vendors, such as RL Solutions. To date, IronHealth has established relationships with some of the industry’s leading healthcare risk management providers, including ASHRM, ECRI Institute and ELM Exchange.
“IronHealth is pleased to offer RL Solutions services as yet another preferred resource in helping our hospital clients obtain highly respected expertise to meet their risk management needs in a cost effective manner,” said Matt Dolan, President of IronHealth. “Our approach to healthcare liability risk management is a key differentiator for clients and brokers, allowing them to maintain risk management relationships to manage exposure most efficiently.”
“RL Solutions prides itself on working with like minded organizations who are dedicated to improving patient safety,” said Mike Smith, Director, Alliances, RL Solutions. “IronHealth’s innovative approach to offering services and solutions is one that we feel adds significant value to their clients, and we are excited that our entire suite of products have received its endorsement.”
RL Solutions offers a suite of software products and client services that are tailored to meet the individualized needs of hospital administrators. RL Solutions provides customized programs to address risk management, patient safety, infection control and claims management.
Mr. Dolan emphasized that “our affiliation with RL Solutions is an ideal new resource at a time when hospitals are under increasing pressure to manage their risk exposures while controlling expenses.”
Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its platforms in Bermuda, the U.K, Canada, Ireland and the U.S. The Ironshore group of companies is rated A- (Excellent) by A.M. Best with a Financial Size Category of Class XIII. Ironshore’s Pembroke Syndicate 4000 operates within Lloyd’s where the market rating is A (Excellent) by A.M. Best and A+ (Strong) from both Standard & Poor’s and Fitch. For more information, please visit www.ironshore.com.
About RL Solutions
RL Solutions designs cutting-edge healthcare software for patient feedback, incident reporting and risk management, infection surveillance and claims management. At RL Solutions, nurturing long-lasting relationships is what we do best. We have over 800 clients, including healthcare networks, hospitals, long-term care facilities and more. RL Solutions is a global company with offices in the United States, Canada, Australia and the United Kingdom. For more information, visit www.rlsolutions.com or follow @rlsolutions on Twitter.