Page 18 - Healthcare PE Pitchbook
P. 18
Post-close risk management
Lockton’s approach to achieve results
STEP 1 ANALYSIS
FOCUS: FINANCIAL EFFICIENCY/
INFORMED DECISION MAKING The speed of change
Strategic in today’s healthcare
• What are the institution’s inancial environment has
and strategic priorities? STEP
• What strategies are deployed to grow 2 MARKETING led to pressure on
enrollment both domestically and
internationally? the basic framework
• Is a campaign active or nearing? and understanding
• How are donors reacting to “safe FOCUS: REDUCE TOTAL COST
places,” etc. following the election? OF RISK, MINIMIZE FRICTIONAL CONSULTING AND of traditional risk
• Has the risk program evolved to keep COSTS, AND BROKEN TERMS STEP 3 ADMINISTRATION management.
pace with changes in the institution/ AND CONDITIONS
economy? Strategic Healthcare institutions
• Are retentions/limits rational and • Exert the client’s premium leverage must rethink their
inancially eficient? with underwriters. FOCUS: REDUCE VARIABLE
• Utilize quantitative tools necessary to • Restructure programs and retentions. COSTS AND PROVIDE ONGOING strategies and develop
make decisions and track results? RISK MANAGEMENT SUPPORT
• Eliminate coverage gaps and new approaches to
weaknesses (all lines). Strategic
Tactical dealing with an
• Evaluate self insured/underinsured • Account management.
• Detailed review of coverage terms exposures. • Risk control services.
and conditions, policy wordings, and • Deploy Lockton’s proven marketing ever-increasing level
manuscript policy provisions. approach. • Claims advocacy and consulting. of complexity and
• Analytics. Tactical
• Loss projections when size of risk Tactical regulation.
warrants examination of loss sensitive • Preparation of detailed, underwriting • Exposure analysis of company
programs. speciications. operations — review of direct and
• Retention analysis — for selection • Direct involvement in face-to-face contingent exposures.
of deductibles and alternative risk brokering of the client to senior • Complete claim handling instructions.
transfer models. underwriters. • Market updates and assistance with
• Business continuity and disaster • Selection of casualty intermediaries preparation of management reports.
recovery analysis. for excess and surplus markets. • Contract reviews/risk transfer.
Lockton Private Equity/Healthcare pitchbook 18 Lockton Companies
Lockton’s approach to achieve results
STEP 1 ANALYSIS
FOCUS: FINANCIAL EFFICIENCY/
INFORMED DECISION MAKING The speed of change
Strategic in today’s healthcare
• What are the institution’s inancial environment has
and strategic priorities? STEP
• What strategies are deployed to grow 2 MARKETING led to pressure on
enrollment both domestically and
internationally? the basic framework
• Is a campaign active or nearing? and understanding
• How are donors reacting to “safe FOCUS: REDUCE TOTAL COST
places,” etc. following the election? OF RISK, MINIMIZE FRICTIONAL CONSULTING AND of traditional risk
• Has the risk program evolved to keep COSTS, AND BROKEN TERMS STEP 3 ADMINISTRATION management.
pace with changes in the institution/ AND CONDITIONS
economy? Strategic Healthcare institutions
• Are retentions/limits rational and • Exert the client’s premium leverage must rethink their
inancially eficient? with underwriters. FOCUS: REDUCE VARIABLE
• Utilize quantitative tools necessary to • Restructure programs and retentions. COSTS AND PROVIDE ONGOING strategies and develop
make decisions and track results? RISK MANAGEMENT SUPPORT
• Eliminate coverage gaps and new approaches to
weaknesses (all lines). Strategic
Tactical dealing with an
• Evaluate self insured/underinsured • Account management.
• Detailed review of coverage terms exposures. • Risk control services.
and conditions, policy wordings, and • Deploy Lockton’s proven marketing ever-increasing level
manuscript policy provisions. approach. • Claims advocacy and consulting. of complexity and
• Analytics. Tactical
• Loss projections when size of risk Tactical regulation.
warrants examination of loss sensitive • Preparation of detailed, underwriting • Exposure analysis of company
programs. speciications. operations — review of direct and
• Retention analysis — for selection • Direct involvement in face-to-face contingent exposures.
of deductibles and alternative risk brokering of the client to senior • Complete claim handling instructions.
transfer models. underwriters. • Market updates and assistance with
• Business continuity and disaster • Selection of casualty intermediaries preparation of management reports.
recovery analysis. for excess and surplus markets. • Contract reviews/risk transfer.
Lockton Private Equity/Healthcare pitchbook 18 Lockton Companies
