Inspirien, in partnership with the Alabama Hospital Association, recently hosted an online leadership seminar, and the timing could not have been any better. No doubt, this has been a year filled with many unexpected challenges. People are looking for leaders now more than ever. While some of the lessons learned from this session were things … Read More
The Healthcare Workers’ Compensation Self Insurance Fund (HWCF) Board of Trustees has approved a $2,000,000 Dividend this year. This Dividend will be distributed as a credit toward eligible Members’ 2021 contributions owed! Membership has its perks, and this is just one of them! If you would like to learn more about the benefits of being an HWCF … Read More
“There is a general misconception as to what risk is and what it isn’t. People think it’s a bad thing, but it’s really just the difference in the actual outcome from the expected outcome, either positive or negative.” Brandon Driscoll, Chief Business Officer at Inspirien, takes a very practical standpoint on risk. The question then … Read More
To be a savvy navigator of a risk financing program, there are two equal-and-opposite levers to understand: managing and financing risk. The goal is to always keep these two levers in balance, pushing or pulling to achieve optimal conditions. They are typically managed by a team of clinical staff and C-suite executives who act in … Read More
Along with my day job as President and CEO of Inspirien, I serve as the Chairperson for The Hospital Insurance Forum (HIF), which is a non-profit association made up of volunteers from our member companies who are passionate about our mission to provide members with a forum for education, idea sharing, and networking to reduce … Read More
Our mission at Inspirien is to ‘be a remarkable partner for whatever risk lies ahead’ – but we never imagined a time like this. We’re all working remote, and although things have changed, we’re still just a phone call away from our hospitals. Yes, our lives for now have changed, but we, like many people … Read More
Culture can be hard to pin down. It is dynamic and evolving, which are precisely the forces that also make it so powerful. Culture informs how people behave as individuals and in teams. When risk management plays a central role to your operations and success, as is the case in the medical field, creating a … Read More
Hospitals are bustling places where lives begin, end, and are saved. It takes many people in many dynamic roles to deliver care at the highest level. Care delivery is not without its risks but there are ways in which that risk can be mitigated, creating a safer environment for everybody. In a 2018 pilot study … Read More
Risk has quite an ominous reputation. According to Merriam Webster, risk is defined as the “possibility of loss or injury” or “something that creates or suggests a hazard.” Synonyms include “peril,” “hazard,” “gamble.” However, when it comes to Medical Malpractice and Workers Comp insurance, risk doesn’t have to be a dirty word. Its’ association has typically … Read More
The world has been thrown a COVID-19 curveball and the healthcare system has been struggling to keep up. New modalities for care delivery are popping up everywhere and despite their ingenuity, must also continue to be effective, efficient, and safe, while being implemented at scale. Such new territory exposes major risks, including patient safety, public … Read More