Page 16 - Healthcare PE Pitchbook 34210
P. 16
Post-close risk management
The evolving focus of healthcare risk management
Emphasis shifts from simply “protecting assets” to enabling and optimizing growth.
LOCKTON ADVANTAGE
• Strong understanding of organizational risk
tolerance/appetite.
• Current and emerging risks are identiied,
ranked, and prioritized.
BUSINESS PERFORMANCE • Emphasis is on transferring risk. • Some coordination between lines of coverage. • Analytic tools used to guide decision-making.
Transactional
• Risk management strategies are aligned with
“TRADITIONAL” RISK MANAGEMENT
and support corporate priorities.
• Emphasis on managing variable costs through
INSURANCE
• Key Performance Indicators (KPI) and client
safety and claim handling.
metrics established.
• Market-driven approach to retentions/limits.
• Multiyear strategy.
• Exposures/risks are viewed in isolation.
• Limited interaction between various risk
• Price is primary metric
owners.
the only one.
• Looks at risk through a historical lens.
• Assist with efforts to implement/embed ERM
• Year-to-year strategy driven by market cycle. • Annual approach. • Insurance is viewed as one potential tool — not
into operational culture.
TRANSFERRING RISK MANAGING RISK AS AN EXPENSE INSURANCE AS CAPITAL
ASSET PROTECTION VALUE CREATION
MOST ORGANIZATIONS ARE TRAPPED
IN THIS PHASE
Lockton Private Equity/Healthcare pitchbook 16 Lockton Companies
The evolving focus of healthcare risk management
Emphasis shifts from simply “protecting assets” to enabling and optimizing growth.
LOCKTON ADVANTAGE
• Strong understanding of organizational risk
tolerance/appetite.
• Current and emerging risks are identiied,
ranked, and prioritized.
BUSINESS PERFORMANCE • Emphasis is on transferring risk. • Some coordination between lines of coverage. • Analytic tools used to guide decision-making.
Transactional
• Risk management strategies are aligned with
“TRADITIONAL” RISK MANAGEMENT
and support corporate priorities.
• Emphasis on managing variable costs through
INSURANCE
• Key Performance Indicators (KPI) and client
safety and claim handling.
metrics established.
• Market-driven approach to retentions/limits.
• Multiyear strategy.
• Exposures/risks are viewed in isolation.
• Limited interaction between various risk
• Price is primary metric
owners.
the only one.
• Looks at risk through a historical lens.
• Assist with efforts to implement/embed ERM
• Year-to-year strategy driven by market cycle. • Annual approach. • Insurance is viewed as one potential tool — not
into operational culture.
TRANSFERRING RISK MANAGING RISK AS AN EXPENSE INSURANCE AS CAPITAL
ASSET PROTECTION VALUE CREATION
MOST ORGANIZATIONS ARE TRAPPED
IN THIS PHASE
Lockton Private Equity/Healthcare pitchbook 16 Lockton Companies
