from blame to safety
potential savings quiz
Take this quick test to assess your organization's potential cost savings with the Carole Houk International (CHI) Medical Ombudsman/Mediators Program™:
| 1. How many potentially compensable events occur at your hospital/medical practice each year | # |
| 2. How many medical malpractice claims are filed against your institution/physicians each year? | # |
| 3. What is the amount of money you pay each year in settlements? | $ |
| And judgments? | $ |
| 4. How many non-meritorious claims do you successfully defend each year? | # |
| 5. What are your average costs for legal/insurance fees per legally non-meritorious case? | $ |
| 6. What are your average costs for legal/insurance fees per meritorious case? | $ |
Now compare your answers with national averages:
| Average claim payout | $262,000* |
| Average total defense cost | $50,000 |
| Average total cost per claim | $312,000 |
| 10 average claims costs your organization | $3,120,000 per year |
| 20 average claims costs your organization | $6,240,000 per year |
You can realize similar — or better — fiscal savings with a CHI MEDIC+OM Program:
- Up to 40% reduction in in malpractice claims in the first year, increasing with full implementation over several years.
- 80-120 cases of potentially compensable events per year are managed internally by your CHI Medical Ombudsman/Mediators
- 90-98% resolution rate for cases handled by Medical Ombudsman/Mediatorss
- Averting one average claim saves your hospital more than the salary plus startup costs associated with hiring a Medical Ombudsman/Mediators
- Significant reduction in the filing of non-meritorious claims. Whether there is a payout or not, costs are involved every time a claim is filed
- Modest monetary payouts, often involving waivers of co-pays and out-of-pocket expenses that meet patients' and families' immediate needs
*National Practitioner Data Bank national figure, 2004 report
At Carole Houk International, we want you to experience the benefits of dramatically reduced costs from medical malpractice claims. For more information on how we can help you, please contact us.