'Never Events' Responsible for One Out of Six Med Mal Liability Claims, Says Aon
29 Settembre 2008 - 6:00PM
PR Newswire (US)
Four recognized categories of hospital-acquired conditions make up
12.2 percent of total medical professional liability costs CHICAGO,
Sept. 29 /PRNewswire-FirstCall/ -- Hospital-acquired infections,
hospital-acquired injuries, objects left in surgery and pressure
ulcers account for one out of every six claims, according to the
2008 Hospital Professional Liability and Physician Liability
Benchmark Analysis, released today by leading risk management
services provider Aon Corporation (NYSE:AOC) in conjunction with
the American Society for Healthcare Risk Management. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) As of
October 1, the Centers for Medicare and Medicaid Services will
cease reimbursement for ten specific hospital-acquired conditions
-- often referred to as 'never events,' several of which are
included in the four categories mentioned above. "The increased
awareness surrounding these non-reimbursable conditions may cause a
rise in the frequency of related hospital professional liability
claims, not to mention other hospital-acquired conditions not
currently addressed by CMS regulations," said Greg Larcher,
director and actuary of Aon Global Risk Consulting and author of
the analysis. "This study marks the first time these conditions
have been benchmarked, and provides a baseline moving forward for
this essential piece of the liability picture." Roberta Carroll,
senior vice president of Aon Healthcare, said, "As health care
facilities identify areas in need of attention and implement
strategies and solutions to improve their current practices,
patient safety will improve and the institutions' risk profiles
will reflect that successful progress." Also new to the analysis
this year are benchmarks for the frequency of indemnity claim
payments, or the amount paid to patients to settle a claim. This
standard is important for entities to track as indemnity claims
directly drive overall liability costs. The study includes an
analysis of professional liability costs for the surgery,
obstetrics and emergency departments. Various supplementary
database segments appear in this year's analysis as well, including
facility ownership, number of beds and teaching hospitals. "For the
fourth straight year, we are not seeing an increase in the overall
number of liability claims," added Larcher. "That said, the
not-for-profit segment of the database reflected an increase in
claims for the second year." The Aon Corporation Hospital
Professional Liability and Physician Liability Benchmark Analysis,
the most comprehensive look at such claims in the U.S. health care
industry, was conceived to provide health care risk managers with a
better understanding of their cost of risk compared to an industry
benchmark. By examining trends in frequency, severity and overall
loss costs, health care entities are better able to manage their
liability concerns. More than 100 health care organizations
representing more than 1,200 facilities, ranging from small
community hospitals to large multi-state publicly traded health
care systems, provided loss and exposure data for the study. The
hospital professional liability benchmark database includes 77,705
claims representing $9.3 billion of incurred losses, and contains
historical claims information for ten accident years (1998 to
2007). "ASHRM's focus is to deliver programs and resources that
help its members improve patient safety and reduce risk, and we are
pleased to participate in this important industry benchmarking
effort," said Douglas Borg, ASHRM president. To purchase a copy of
the 2008 Hospital Professional and Physician Liability Benchmark
Analysis, please dial 1.800.242.2626 and request item #178704. Risk
managers who are interested in measuring their organization's
liabilities against those of their peers in the industry may visit
http://www.aon.com/2008HPLStudy to access Aon's interactive loss
cost calculator. About ASHRM The American Society for Healthcare
Risk Management (ASHRM) is a personal membership group of the
American Hospital Association with more than 5,500 members
representing clinical care, insurance, law and other related
professions. ASHRM initiatives focus on developing and implementing
safe and effective patient care practices, the preservation of
financial resources and the maintenance of safe working
environments. About Aon Aon Corporation (NYSE:AOC) is the leading
global provider of risk management services, insurance and
reinsurance brokerage, human capital and management consulting.
Through its 36,000 colleagues worldwide, Aon readily delivers
distinctive client value via innovative and effective risk
management and workforce productivity solutions. Our
industry-leading global resources, technical expertise and industry
knowledge are delivered locally through more than 500 offices in
more than 120 countries. Aon was named the world's best broker by
Euromoney magazine's 2008 Insurance Survey. In 2008, Aon ranked
highest on the Business Insurance ranking of the world's largest
insurance brokers based on commercial retail, wholesale,
reinsurance and personal lines brokerage revenues. Aon also was
ranked by A.M. Best as the number one insurance broker based on
brokerage revenues in 2007 and 2008, and was voted best insurance
intermediary, best reinsurance intermediary, and best employee
benefits consulting firm in 2007 and 2008 by the readers of
Business Insurance. For more information on Aon, log onto
http://www.aon.com/. Safe Harbor Statement This press release
contains certain statements related to future results, or states
our intentions, beliefs and expectations or predictions for the
future which are forward-looking statements as that term is defined
in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from either historical or anticipated results depending on a
variety of factors. Potential factors that could impact results
include: general economic conditions in different countries in
which we do business around the world, changes in global equity and
fixed income markets that could affect the return on invested
assets, fluctuations in exchange and interest rates that could
influence revenue and expense, rating agency actions that could
affect our ability to borrow funds, funding of our various pension
plans, changes in the competitive environment, our ability to
implement restructuring initiatives and other initiatives intended
to yield cost savings, changes in commercial property and casualty
markets and commercial premium rates that could impact revenues,
the outcome of inquiries from regulators and investigations related
to compliance with the U.S. Foreign Corrupt Practices Act and
non-U.S. anti-corruption laws, the impact of investigations brought
by U.S. state attorneys general, U.S. state insurance regulators,
U.S. federal prosecutors, U.S. federal regulators, and regulatory
authorities in the U.K. and other countries, the impact of class
actions and individual lawsuits including client class actions,
securities class actions, derivative actions, ERISA class actions,
and the cost of resolution of other contingent liabilities and loss
contingencies. Further information concerning the Company and its
business, including factors that potentially could materially
affect the Company's financial results, is contained in the
Company's filings with the Securities and Exchange Commission.
Media Contact Kelly Drinkwine KemperLesnik 312.755.3537
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Kelly Drinkwine of KemperLesnik, +1-312-755-3537, , for Aon
Corporation Web site: http://www.aon.com/
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