Recent wide-ranging reforms to the healthcare system in the US mean fundamental new challenges for risk managers but also opportunities for insurers and reinsurers willing to innovate.
Thanks to the Patient Protection and Affordable Care Act (PPACA), the healthcare industry in the US is changing—this process also means new risks and new ways of approaching risk management. But some insurers and intermediaries have been quick out of the blocks in their efforts to help the sector meet these challenges.
Insurance broker Marsh has written a white paper exploring the challenges the sector will face entitled A New Risk Management Frontier: Accountable Care Organisations. It summarises some of the key changes, risks and challenges healthcare risk managers will face going forward.
Holly Meidl, leader of Marsh’s US HealthCare Practice, says the reforms are as fundamental as anything the sector has previously experienced.
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Healthcare risk management, Marsh, US healthcare