Ambulatory Surgery Center Malpractice Insurance Reveals Hidden Savings
Key Strategies for Cost Reduction
1. **Risk Assessment and Management**: Regularly conducting risk assessments can help identify areas for improvement. Implementing comprehensive risk management strategies not only enhances patient safety but can also make ASCs eligible for premium discounts1.
2. **Policy Review and Comparison**: It's crucial for ASCs to periodically review their insurance policies and compare them with other available options. This ensures that the center is receiving the best possible rates and coverage2.
3. **Accreditation and Certification**: Pursuing accreditation from recognized bodies such as the Accreditation Association for Ambulatory Health Care (AAAHC) can lead to lower insurance premiums. Accredited centers are often perceived as lower risk by insurers3.