VHA Insurance Services Chooses RMF Strategies for Risk and Malpractice Management Solutions
VHA Insurance Services, a division of VHA Inc., a nationwide network of more than 2,200 community owned healthcare organizations and their affiliated physicians has signed an agreement with RMF Strategies, a provider of evidence-based risk management and risk intelligence software solutions and services, to enhance the comprehensive risk and malpractice management solutions to its members.
RMF Strategies has developed risk management and loss prevention tools, solutions and services to help hospitals reduce malpractice and medical errors, and reduce high malpractice premiums. The modular RMF Strategies Product Suite(TM) includes Web-based applications for claims and event management, reporting, insurance policy management and risk profiling. The Risk Intelligence Platform(TM) powers the RMF Strategies Decision Support System(TM), which includes risk analysis, data mining, reporting, and comparative benchmarking of coded clinical cases and comprehensive malpractice experience from leading healthcare organizations.
“VHA selected RMF Strategies for its proven evidence-based risk management software and services,” said David Burk, vice president of VHA Insurance Services. “We knew of the work RMF Strategies has done with the Harvard Medical Institutions, and we wanted to employ best practice risk and malpractice reduction strategies within our member hospitals. We were particularly intrigued by RMF Strategies’ ability to effectively connect a healthcare organization’s malpractice claims and risk management efforts with clinical practices and patient safety efforts.”
“As we continue to expand use of our products and services, we are particularly excited about working with this preeminent health system collaborative,” said Ed Trautman, president of RMF Strategies. “Some of the most prominent hospital systems in the world are aligned with VHA. Being selected by VHA is a true testament to the effectiveness of RMF Strategies’ approach to reducing malpractice events, claims and medical errors.”
VHA’s Insurance Services help VHA member health care organizations manage and control insurance risks and related risk-financing expenses. VHA provides access to insurance services at stable costs, primarily through alternate risk-transfer mechanisms. VHA members have access to captive insurance companies, along with an array of insurance products and services, including increased access to reinsurance markets, claims and risk-management services, captive startup and management services.