The push for shared patient information designed to improve care and reduce medical errors along with Federal subsidies and potential penalties is fueling increased adoption of EMR. See this informative article from Beth Fitzgerald of NJSpotlight Dec. 16, 2011. www.njspotlight.com/stories/11/1216/0253/
Organizations are facing increased costs and declining revenue as a result of the current economic environment. For organizations that maintain full service contracts with original equipment manufacturers, there are significant opportunities to consolidate contracts, improve cash flow, and reduce costs. By consolidating equipment service and repair under one program, we put companies in control of their costs, program administration, and delivery of services. Our approach blends a self-managed deductible with a stop loss contract that guarantees a minimum annual savings, and a maximum cap on annual expenditures. Any portion of the deductible that is not spent equates to additional savings.
Comprehensive equipment service and repair program that puts you in charge of your equipment maintenance spending.
Self Insured Retention or First Dollar Programs will generate 15%-30% savings over full service contracts.
Retain your current vendors, and/or be reimbursed for in house staff providing maintenance and repairs.
Online access to all service and repair information in real time.
Equipment procurement and engineering support is included.
Healthcare and Hospitals, Higher Education, Municipalities and Schools, Real Estate Portfolios, Banking and Financial Institutions and Manufacturing to name a few.
Bryan Marks or Peter Koppisch at 973-744-8500
Medical Protective, the nation’s strongest and longest-standing insurer of Medical Professional Liability for healthcare providers, has agreed to acquire Princeton Insurance, a premier Medical Professional Liability insurer based in Princeton, New Jersey. The acquisition is subject to customary closing conditions and regulatory approvals. Princeton Insurance will be wholly owned subsidiaries of Medical Protective.
With approximately $700 million in annual premium, Medical Protective is a national leader in primary medical professional Liability coverage and risk solutions for healthcare providers, including physicians, dentists, chiropractors, optometrists, podiatrists, allied health professionals, and health care facilities. As the nation’s first provider of Medical Professional Liability insurance, Medical Protective has been protecting the assets and reputations of healthcare providers since 1899. Medical Protective is currently rated A++ (superior) by A.M. Best.
With the industry-leading financial strength of Berkshire Hathaway’s Med Pro supporting Princeton upon the closing of the transaction, Princeton currently not rated by leading insurance rater A.M. Best – is expected to apply for financial strength ratings and be positioned to offer additional products and services to healthcare providers throughout the region.
From a policyholder perspective this transaction will provide the best of both worlds; outstanding service which has been the hallmark of Princeton Insurance for over 35 years, and superior financial strength for which Medical Protective is best known.
As Princeton Insurance Company’s largest agent, William H. Connolly & Co. is excited about this transaction and recognizes the benefit that will be created for all current and future policyholders. Financial strength is an extremely important aspect of the insured/insurer partnership. We pride ourselves in creating and maintaining relationships with carriers such as Princeton, Medical Protective, Chubb, and New Jersey Manufacturers who are best known as leaders in the insurance community for maintaining high standards of service coupled with a strong financial presence.