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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
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.
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