Providers Insurance Consultants, Inc. (ProCon), a wholly owned subsidiary of Healthcare Services Group (HSG), provides hospitals and healthcare providers with medical professional liability, ancillary insurance brokerage, and risk management services. ProCon partners with strong financial carriers to offer quality insurance programs and services to Missouri hospitals and healthcare providers.
ProCon is the sole access point for HSG’s subsidiary, Medical Liability Alliance (MLA). MLA writes professional and general liability insurance for physicians, allied healthcare professionals and healthcare institutions in Missouri, Kansas, and Illinois. In addition to MLA, ProCon works with other commercial insurance carriers that specialize in tailoring policies for the healthcare field. The carriers used by ProCon are “A” rated by A. M. Best, the insurance industry financial rating organization.BENEFITS OF DOING BUSINESS WITH PROCON
Revenue earned by ProCon benefits all MHP and MLA insureds as that revenue helps reduce HSG’s expenses, which holds down the cost of our medical professional liability products, and allows us to fund HSG’s charitable foundation.
ProCon was originally organized to provide ancillary insurance coverages to MHA and MHP members. ProCon is a member of the Healthcare Services Group (HSG) Family of Companies serving Missouri hospitals. HSG manages and administers the Missouri Hospital Plan (MHP), which writes hospital professional and general liability and hospital excess insurance for most of the not-for-profit hospitals in Missouri. HSG also manages and administers Medical Liability Alliance (MLA), a large writer of physician professional liability insurance.
As a broker and consultant to hospitals and physicians, ProCon’s staff has decades of insurance experience in areas such as medical professional underwriting and corporate risk management.
Through ProCon, Medical Liability Alliance (MLA) offers physicians access to competitively priced, financially secure insurance.
MLA is the only company, of the top ten serving the med-mal sector, which has steadily increased its market share, lowered rates, and improved its equity position in a “soft market”. MLA has returned increasing profits to its Quality Caregivers via a unique profit sharing arrangement unmatched by any of its competitors.
MLA offers customized professional and general liability insurance programs for healthcare clients of any type and size, with insurance solutions including first dollar coverage, deductible options, and excess limits over self-funded structures or other insured programs.
MLA provides professional and general liability insurance to physicians, for profit hospitals, healthcare facilities and providers in Missouri, Kansas and Illinois. At the request of the MHP Board, MLA was called upon to address the problem brought on by the malpractice crisis of 2002 by making reasonably priced, financially secure, insurance coverage available to physicians practicing at our hospitals. Today, MLA has gained a reputation for providing reasonably priced insurance with value added services to healthcare policyholders.
Please visit our Medical Liability Alliance site for more details on program features and value-added services.
The Hospital Association Trust (HAT) is a multiple employer trust arrangement, incorporated by hospitals for hospitals, formed to address the lack of availability of reasonably priced Workers’ Compensation insurance.
HAT combines most of the benefits of self-insurance with the protection of guaranteed cost programs. Its group trust arrangement gives it the ability to control price, based on its own experience combined with improved safety and claim management efforts. The board consists of participants that have a vested interested in reducing injuries and claim costs. Like other HSG companies, the Trust has been very profitable for many years and has returned substantial dividends to its members.
ProCon is the exclusive agent for HAT and can also access commercial markets to provide coverage for smaller hospitals on a guaranteed cost basis and self-insurance programs.
Insurance that protects the insured against financial loss because of legal liability for automobile-related injuries to others or damage to their property by an auto. Can also insure against damage to the insured’s own vehicle with physical damage insurance.
Includes coverage for employee theft of money, securities, or property, written with a per loss limit, a per employee limit, or a per position limit and other crime exposures.
The advent of electronic medical records, in conjunction with mandates stemming from data-information breeches, has fueled the need for Cyber Liability Insurance. Cyber Liability-related claims are for the most part excluded by the traditional insurance coverage purchased by hospitals and medical providers. Most notably, but not exclusively, cyber policies cover a business’ liability for a data breach in which the firm’s customers’ personal information, such as Social Security or personal healthcare information, is exposed or stolen by a hacker or other criminal who has gained access to such data.
ProCon has developed a Cyber Liability program specifically designed or hospitals and leveraged the buying power of the group, resulting in broad coverage with an extremely competitive pricing model. The policies cover a variety of expenses associated with data breaches, including: notification costs, credit monitoring, costs to defend claims by state regulators, fines and penalties, and loss resulting from identity theft.
A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer.
Covers wrongful acts arising from the employment process. The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, retaliation, employment-related: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation.
Consolidates equipment maintenance contracts under one agreement with one renewal date and consistent terms and conditions. Savings average 19% over traditional method of purchasing individual extended service contracts from OEMs.
Covers the responsibility on trustees, employers, fiduciaries, professional administrators, and the plan itself with respect to errors and omissions (E&O) in the administration of employee benefit programs as imposed by the Employee Retirement Income Security Act (ERISA).
Specialty crime coverage that insures against loss by the surrender of property as a result of a threat of harm to the named insured, an employee, or a relative or guest of the insured or the insured’s employees.
Written to cover organizations engaged in delivering medical services on a managed-care basis, such as health maintenance organizations (HMOs). Representative types of claims covered by the policies include allegations of negligent provider selection, direct professional liability, and wrongful denial of treatment.
First-party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion. Among other things, can cover buildings, contents, and loss of business income.
Tyge Fourtner, ARM
President of ProCon
Mr. Fourtner serves as President of Providers Insurance Consultants. He has 24 years of experience in the insurance industry. Most recently, Mr. Fourtner had been assisting large national and international clients with risk financing, risk management consulting, program design/structure, and coverage placement at the largest privately held global brokerage firm. Mr. Fourtner has a Bachelor’s degree from Miami University and a Master’s degree from Southern Illinois University – Carbondale. He also holds the Associates in Risk Management designation.
Melissa Heaton, CIC
Ms. Heaton serves as Account Executive for Providers Insurance Consultants. Her duties include marketing physicians’ professional liability, handling of the cyber liability programs, pre-underwriting and account servicing for insured physicians. Ms. Heaton has 26 years in the insurance industry. She holds an Associate of Arts degree from Cottey College, Nevada, MO and the Certified Insurance Counselor (CIC) designation.
Mr. Welser serves as Account Executive for Providers Insurance Consultants. Nate’s primary responsibilities include facilitating property and casualty program business for clients in the healthcare field. His 17 years in the insurance industry have included everything from risk management experience with national accounts to implementing marketing strategies for difficult to place risks. Mr. Welser holds a Bachelor’s degree from Southern Illinois University.