NPSF, Medical Group Management Association and AIG Healthcare® join forces to address patient safety
Monday, October 29, 2007
Oct. 29, 2007 —The National Patient Safety Foundation (NPSF), the Medical Group Management Association (MGMA) and AIG Healthcare® today announced a new relationship that will bring a comprehensive set of patient safety tools and incentives to medical group practices. The first offering will include NPSF’s new Ambulatory Stand Up For Patient Safety Program®, MGMA’s Physician Practice Patient Safety Assessment tool with comparative benchmark scoring, and access to a medical malpractice insurance program provided by AIG Healthcare. The program’s launch date is set for January of 2008.
The NPSF Ambulatory Stand Up for Patient Safety Program is the first of its kind in the marketplace and provides education, tools and resources to support patient safety initiatives in the ambulatory setting. Practices enrolling in this program, and in which there are one or more MGMA members, will have automatic access to an exclusive insurance offering from AIG Healthcare, which will include a risk management/patient safety credit and a downward retrospective premium adjustment based upon the performance of the program.
“The National Patient Safety Foundation recognizes the tremendous need for patient safety education and resources in the ambulatory sector and is thrilled to be working with MGMA and AIG Healthcare to provide its program through this unique collaboration,” said Diane C. Pinakiewicz, NPSF President. “The leadership and commitment to patient safety shown by both of these organizations sets an example for others to follow and will bring true value to these practices and the patients they serve.”
“MGMA is pleased to be able to work together with NPSF and AIG Healthcare to broaden the array of patient safety and quality improvement services that can be accessed by MGMA members”, said William F. Jessee, MD, FACMPE, MGMA president and CEO. “The financial incentives offered by AIG make this a very attractive opportunity for medical groups.”
“AIG Healthcare strongly supports programs that lead to a reduction in medical errors, as we believe that health care consumers and insurance underwriters are both beneficiaries of such programs.” said Peter Eastwood, Division Executive, AIG Healthcare. “In 2005 AIG Healthcare and the National Patient Safety Foundation entered into a strategic relationship whereby AIG Healthcare began supporting our client’s participation in NPSF’s hospital-based Stand Up for Patient Safety initiative through the application of a risk management premium credit to support the Stand Up subscription fee. We are pleased to be extending that relationship in a similar manner to support our client’s participation in NPSF’s new ambulatory-based Stand Up Program, and to also be collaborating with the MGMA in their efforts to provide patient safety services to their members.”
About National Patient Safety Foundation
The National Patient Safety Foundation is a 501(c)(3) non-profit corporation whose sole mission is to improve the safety of the healthcare system for the patients and families it serves. The Foundation is dedicated to improving patient safety and reducing medical errors through research, education, convening and dissemination of information and tools to all sectors of the health care system with initiatives that include providers, patients and families, academics, researchers, suppliers, educators, payors, insurers, policy-makers, and others with a vested interest in the safety of our health care system. For more information, visit www.npsf.org.
MGMA, founded in 1926, is the nation’s principal voice for medical group practice. MGMA’s nearly 21,000 members manage and lead 12,500 organizations, in which almost 270,000 physicians practice. MGMA’s core purpose is to improve the effectiveness of medical group practices, as well as the knowledge and skills of the individuals who manage and lead them. MGMA headquarters are in Englewood, Colo. Visit mgma.com.
About AIG Healthcare
AIG Healthcare is a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), world leaders in insurance and financial services. AIG is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG’s common stock is listed in the U.S. on the New York Stock Exchange as well as the stock exchanges in Paris, Switzerland and Tokyo.