STRATEGIC
OVERVIEW
The Partnership of Protection and Prevention
FinCor Holdings is a privately
held, integrated risk management corporation designed to meet
the risk financing, risk transfer and clinical risk management
needs of today’s health care providers. Our goal is to help
clients determine, develop and implement cost-effective,
quality-focused financial programs for their medical liability
risks. Through its subsidiaries, FinCor Holdings serves a wide
variety of health care clients on a national basis.
The FinCor Family of Companies
FinCor Holdings serves
its clients through its family of companies.
FinCor Solutions is a
consultative, multi-line insurance agency offering health care
providers both traditional and alternative products and services
and the exclusive agent for MHA Insurance Company and Washington
Casualty Company in selected states. FinCor Solutions markets a
variety of essential insurance coverages for health care clients
written by carriers known for their financial strength and
national market presence. Its staff of insurance advisors are
licensed in a number of states to serve local hospital clients
or multi-state health care systems.
Through its Integrated Disability
Management Division, FinCor Solutions manages self-insured
workers’ compensation and short-term disability programs
offering general administration, claims management, medical
management and loss prevention services. FinCor Solutions’
professionals also assists health care clients with the design
and implementation of alternative risk programs.
With its national reputation, The Risk Management and Patient Safety
Institute (RM&PSI) attracts leading professionals to its staff
in the areas of clinical risk management, patient safety,
hospital-physician relations and quality improvement. It is
recognized by state hospital associations for its ability to
enhance safety in patient care delivery. The RM&PSI serves
hospitals, health care systems, large physician groups, other
health care related entities and insurance companies.
A leading writer of medical
professional liability and workers’ compensation insurance
domiciled in Michigan, MHA Insurance Company (MHAIC) has been
rated A- “Excellent” by A.M. Best Company since 1994. It was
created out of a medical malpractice crisis in the late 1970s by
the Michigan Hospital Association and a group of its hospital
members. MHAIC has grown considerably from its early beginnings
and now is actively writing throughout the Midwest.
Washington Casualty Company (WCC)
is the newest member of the FinCor family having been acquired
in October 2006. WCC writes medical professional liability,
general liability, directors and officers, and employment
practices liability coverage for hospitals, ancillary health
care facilities and community health clinics in Washington,
Idaho and Oregon. It is rated B+ “Good” by the A.M. Best
Company.
As a means of providing clients
seeking alternative risk transfer options with an economic
solution for using an off-shore captive, FinCor established
Capital Risk Solutions, A Segregated Portfolio Company. Capital
Risk Solutions is domiciled in the Cayman Islands. It allows
participants to achieve the benefits of having their own risk
financing entity at a fraction of the cost of creating and
operating their own company.
