Healthcare
You’re focused on providing quality care for your patients, and we’re dedicated to delivering the solutions you need to protect you, your people, and your facilities. As the industry continues to be reshaped by regulations, patient needs, care trends, and employees’ expectations, our experts are here to help you navigate insurance options and risk management solutions that empower you to keep pace with the dynamic healthcare landscape.
ELEVATED EXPERTISE
Enhancing resiliency to achieve the possible
COLLABORATIVE PARTNERSHIP
Redefining the advisory experience
As your partner, we’ll always be committed to placing your needs and expectations at the forefront of all we do. Acting as an extension of your team, we’ll learn your goals, challenges, and priorities then pinpoint which solutions best align with your organization’s DNA. Our long-standing relationships with top insurers and credibility in the healthcare industry help you stay ahead of the complex exposures you face as a healthcare provider.
SOLUTIONS & SERVICES
Customized to deliver powerful outcomes
Lean on us to help simplify the complexity of insurance. Your priority is serving your patients. And our priority is delivering an extensive suite of insurance and risk management solutions that help safeguard your organization by protecting you, your employees, assets, and facilities. We prioritize our clients’ best interests and collaborate with you to deliver best-in-class results.
Fundamental Solutions:
- Data driven strategies – Benchmarking is a tool that helps you understand industry norms and how your company aligns with them. We help you determine the optimal insurance coverage limit levels by type of risk, using a combination of benchmarking and loss event severity analysis.
- Loss prevention consulting – Combining our knowledge of the risks you face, an understanding of your specific project challenges, and your corporate expectations enables us to deliver safety management solutions that help protect your people and operations.
- Claims management – You can count on our in-house claims team to provide prompt intervention, clear communication, and expert assistance so you can resume operations as quickly as possible in the event of a claim. We’ll also recommend loss prevention strategies that can help prevent similar claims scenarios from reoccurring.
Progressive Services:
Physician asset protection
Global programs
OSHA compliance and workplace safety
Alternative risk transfer solutions
RENEWED APPROACH
Prescribing personalized protection strategies
Feel confident in your ability to improve the patient experience with advisors by your side who have the expertise to understand the complexities of both the healthcare industry and the insurance products that help protect providers in this space. Because each healthcare organization is different, our risk management approach is one to one. We explore your organization from all angles, leveraging our proprietary RiskMap process to identify all your exposures, and offer practical steps and processes to help protect your organization.
Senior Living Facilities
We understand the challenges you face as a provider and caretaker for our aging population. To meet growing demand for our seniors, you need to operate within an increasingly complex regulatory environment, improve the quality of patient care, and reduce employee attrition. And of course, your residents’ wellbeing is always the priority. You’re tasked with ensuring residents’ overall safety and keeping your employees engaged and satisfied, all while addressing and managing evolving risks. Our specialists help provide resources and expertise to help properly evaluate your exposures, reduce your cost of risk, and obtain the proper amount of coverage that fits your needs.
Hospitals & Healthcare Facilities
From large multi-location systems to standalone surgery centers, many healthcare facilities share the same concerns. Patient care models and services continue to evolve at a rapid pace, and as hospitals and healthcare facilities transform to adapt to new trends and patients’ evolving expectations, so do their exposures. Utilizing our extensive knowledge and insurer relationships, we seek to provide best-in-class coverage at the most efficient pricing in the marketplace. We design innovative insurance programs and help you identify, mitigate, and transfer risk to ultimately boost your bottom line.
Physicians & Physician Practices
Serving your patients and meeting their needs while managing a business is complicated enough. Think of our experts as your dedicated risk management and insurance team, helping you keep your practice on track. Over the last few decades, we have worked with thousands of clients, from solo practitioners to some of the largest groups in the country. We’ll use this experience and apply our insights to help you find competitive, complete, and cost-effective coverage.
Physician Organizations & Associations
Each physician organization and association have distinct missions, cultures, and needs. For groups of all sizes, we can design attractive group discounted programs with pricing and structure that would normally be reserved for large hospital systems. We’ll put our expertise and connections with our insurance partners to work for your members.
MEDICAL PROFESSIONAL LIABILITY
Solutions tailored to protect your people
Fortify your ability to protect your people with insurance products designed to enhance operational efficiencies, streamline costs, and expand coverage. We diagnose and prescribe tailored medical professional liability coverage options for both employed and non-employed physicians, across even the most complex areas of healthcare.
Our specialized expertise includes, but is not limited to:
- Private Equity Healthcare Transactions – For the different stages of a transaction, our experts can design medical malpractice coverage solutions that help ensure you’re adequately protected. As specialty providers of medical malpractice insurance products, we understand the risks associated with rotating physician rosters and can help guide you toward an optimized insurance and risk mitigation strategy that aligns with your organization’s evolving needs throughout critical business transactions. We’ll help coordinate a comprehensive panel of experts curated to protect your interests on both the buy- and sell- side of a transaction.
- Psychedelics – Psychedelics research is at the forefront of delivering innovative therapies that can help vastly improve mental health outcomes for patients with PTSD, traumatic brain injury, mental disorders, and the effects of domestic abuse. Insurance is already a complex, constantly evolving industry, but add in the new, rapidly changing developments in psychedelics for clinical use, and working with an experienced professional to help you navigate this space becomes essential. We created TheraCoverTM, in exclusive partnership with the Multidisciplinary Association for Psychedelic Studies (MAPS), to help protect providers, associations, and facilities with coverages ranging from professional liability to cyber insurance and everything in between.
COVERAGE SNAPSHOT
Products designed to perform
Our expertise and specialization in healthcare allow us to tailor our products to align with your needs, goals, and possibilities for the future.
- General property & casualty
- Hospital professional liability
- Medical professional liability
- Managed care errors & omissions
- Product liability
- Provider stop loss reinsurance
- Physician group management errors & omissions
- Management liability
- Commercial crime
- Cyber liability
- Employment practices liability
- Fiduciary liability
- Group captives & self-insurance
- Property and business interruption
- Group health, dental, life, vision, & ancillary
- Workers’ compensation
- Group 401k and retirement services
ATTRACT AND RETAIN TALENT
Differentiated employee benefits solutions
Your people are your competitive advantage. And we deliver employee benefits solutions that give you an edge in the particularly challenging talent landscape for healthcare organizations. Discover new possibilities for your organization with a benefits strategy that resonates with your people, fortifies your culture and employee engagement, and attracts the best talent.
THE BALDWIN GROUP INSIGHTS
Stay in the know
Our experts monitor your industry and global events to provide meaningful insights and help break down what you need to know, potential impacts, and how you should respond.
Your journey begins here
When you decide to partner with us, you choose to protect your business and open the door to new ventures and opportunities.