The healthcare industry is facing unprecedented disruption leading to dramatic changes. Organisations that can transform to address those challenges can turn disruption into opportunity. The Willis Towers Watson Healthcare practice can help you tackle these challenges and find opportunities to grow.
We offer expertise on all aspects of people, insurance and risk management issues specific to the healthcare sector, including clinical risk management advice.
We recognise that our Healthcare clients require a strategic plan to manage their risks and exposures and one that provides the widest coverage at the most competitive terms. Our Healthcare Team have the required expertise and experience appropriate to your insurance needs particularly in the area of Liability, Claims Management and Risk Management including Clinical Risk Management.
Our expertise and strong presence in the healthcare sector bring with it a unique ability to exercise our market leverage to its maximum and enable us to benchmark rates and scope of coverage on offer to those in the healthcare sector, thereby ensuring that our clients enjoy the most extensive coverage at a cost effective premium. We also offer separate Clinical and non-Clinical Risk Management services.
The Willis Towers Watson Healthcare practice is a worldwide insurance and risk management network dedicated solely to the wider healthcare industry.
A focus on your talent
In healthcare, your greatest asset is your talent. We can help you develop HR programs to attract and retain the critical talent you need to succeed.
We understand that every healthcare Organisations has distinctly different human capital needs, especially as they address the extraordinary changes in healthcare delivery.
Our HR offerings include:
- Benefits administration and outsourcing
- Change management
- Compensation strategy and design
- Executive compensation
- Future of work
- Health and benefits
- Inclusion and diversity
- Mergers and acquisitions
- Retirement
- Talent
- Total rewards
- Wellbeing
Managing your risks
We also have the resources necessary to provide healthcare clients with the service you need in insurance brokerage, risk analytics, clinical risk management consulting and claims management.
In an industry where the human touch is so highly valued, we serve as a hands-on extension of your risk management department. We recognize that every healthcare provider and facility is unique in their risk financing and risk control needs, particularly as they confront the revolutionary changes in the industry.
We help healthcare Organisations reduce total cost of risk through a closely linked national and international network of healthcare brokers in our retail offices, supported by the broad expertise of our national Healthcare practice consultants and the global placement capability of our dedicated healthcare brokers in London and Bermuda.
Our risk management offerings include:
- Healthcare property and casualty insurance
- Healthcare/hospital professional and general liability
- Nursing home professional and general liability
- Miscellaneous healthcare facility liability
- Cyberinsurance
- Managed care errors and omissions
- Managed care, provider, and employer stop-loss
- Medical products and clinical trial liability
- Directors & officers liability
- Employment practices liability
- Billing errors and omissions
- Network privacy/cyber risk liability
- Auto fleets
- Aviation liability
Effective use of capital
Mounting cost pressures and industry consolidation are forcing nonprofit healthcare Organisations to adopt new capital management practices.
Larger Organisations, with sizeable endowments, are better suited financially to adapt to the challenges of disruption. However, some smaller Organisations lack the scale necessary, and instead are opting to merge or create new affiliations.
Whether your Organisations is looking for a new endowment management strategy or plans to merge, Willis Towers Watson's investment advisory services and M&A solutions are available to help.
In an era of disruption, the Willis Towers Watson Healthcare practice can help you address your people, risk and capital needs, so you can meet goals and seize new opportunities.
