ICC Hospital Third Party Administrators

ICC Insurance Claims School of Technology 2020

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Please call: (316) 683-0170 

ICC Third Party Administrators for Hospitals  

            Hospital Third Party Administrators

                                          Hospital Self Insurance ....What's The Difference                                                                                                               

                              How do I know if a self- Insured Plan is appropriate for our Hospital 

One of the major reason hospitals become self- insured is to reduce the escalating cost of insurance premiums. Several major hospitals have converted to self insurance with the realization that it is more cost effective to become  self Insured rather than paying high insurance premiums.

Rural hospitals are now looking at the advantages of becoming self Insured . ICC has a plan designed for rural and small hospitals that can meet those objectives.

 

ICC Underwriters does not only set up a  self insurance plan,  ICC provides claim services as well as Risk Management consulting to reduce hospital’s liability exposure. We settle claims before they become lawsuits.

ICC has been settling malpractice claims for over 30 years. When you have a claim presented, call ICC                        at 1 (316) 683-0170.

 Not all hospitals can become fully self Insured. Some hospitals may need to offset a catastrophic loss. 

 ICC even provides traning to your hospital staff. Discover  the ICC way                                                                 

                                                               

                                                             ANALYSIS  AND LOGIC 

                                   How Do I Know When A  Self Insured Plan is Appropriate  

How to determine if your Hospital should become self insured? Add up the premiums your hospital paid to insurance companies for the past 5 years.  Subtract what the insurance companies paid out in losses for those 5 years.  If the insurance company collected more premiums dollars than they paid out, your Hospital is a candidate for becoming self Insured.  

Suppose a rural hospital paid $500,000.00 in annual premiums. The insurance company paid out $100,000.00 each year in liability claims for the past 5 years. With this assumption, a hospital would have paid 2.5 million in premiums and the insurance company would have paid out $500,000.00 combined. This would be a 2 million dollar profit  to the  insurance company. The analysis are evident.

 

Hospital $500,000.00 annual premiums X 5 years = $2.5 million

Insurance company paid losses $100,000.00 X 5 years = $500,000.00-

Insurance company's profit for 5 years =   $2 million 

 

ICC Provides services in the Following States: Alabama AL,Alaska AK, Arizona AZ, Arkansas AR, California CA, Colorado CO,  Connecticut CT,  Delaware DE Florida, FL Georgia, GA Hawaii, HI  Idaho, ID  Illinois, IL Indiana, IN Iowa IA Kansas KS Kentucky KY Louisiana LA Maine ME Maryland MD Massachusetts MA Michigan MI Minnesota MN Mississippi, MS Missouri, MO Montana, MT  Nebraska, NE  Nevada, NV New Hampshire NH, New Jersey NJ, New Mexico NM, New York NY, North Carolina NC ,North Dakota ND,  Ohio OH Oklahoma OK, Oregon OR, Pennsylvania PA, Rhode Island RI, South Carolina SC, South Dakota SD, Tennessee TN, Texas TX, Utah UT, Vermont VT, Virginia VA, Washington WA, West Virginia WV, Wisconsin WI, Wyoming WY. 

If you would like to learn more about how your hospital or clinic may become , Call ICC today at 1 (316) 683-0170,  or  use our e-mail adress below below and a representative will be contact.