Meadow

Risk Control

5 year loss ratios averaging 56% versus industry results of 70% producing total cost savings of $600,000.

The Fund’s loss control services are a resource available to each member. The Fund contracts with Meadowbrook Loss Control Services. In addition to developing general loss reduction strategies, these consultants have developed specialized loss control efforts tailored to specific needs. We are able to assist our members in reducing the potential for employee injuries. The board believes that employees at all levels of the member’s organization must actively participate in the management of risk. The Loss Control services are more than model policies. The suggested policies are supplemented with on-site loss control staff, training materials, self-assessments and critical issue checklists. There is an increased emphasis on focused general loss reduction strategies and developing loss control efforts tailored to the member’s specific needs. The GMSIF Fund provides on-site training, OSHA related training, and regional loss control and safety seminars.

Member hospitals participate in quarterly risk control committee meetings. The committee meets to review, discuss and share claims results and loss control issues. The goal of the committee is to discuss problems and issues with their peers from other hospitals. This interaction between the hospitals is one of the main principles that set us apart from traditional insurance companies.

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Riverwood Healthcare Center

"Working in a collaborative fashion with the other healthcare organizations has helped Riverwood Healthcare Center to be successful in its workers' compensation strategies. Not only has our mod factor been consistently lower, the teamwork and education that has occurred across all three organizations has improved our processes and outcomes. As an organization, we are in control of our work compensation future and not controlled by an outside insurance carrier."

Riverwood Healthcare Center
Michael Hagen


Risk Control