LAS VEGAS – Las Vegas HEALS (Health, Education, Advocacy and Leadership of Southern Nevada) announced today an exclusive offering of a medical professional liability insurance program to its members. The Malpractice Savings Package (MSP), designed to offer a savings of up to 30 percent or more on insurance premiums, is the only one of its kind in the Southern Nevada market.
“Malpractice insurance can be the second highest operational expense for a provider. By adding this offering to our membership, we can provide them with a substantial savings to their operations,” said Doug Geinzer, Chief Executive Officer of Las Vegas HEALS. “This will also help our physicians in providing high, quality care by allowing them to focus more on their patients.”
Physicians and other licensed healthcare professionals are protected through malpractice insurance from liability associated with the wrongful practices that may have resulted in bodily injury, medical expenses, and property damages in addition to the costs of defending these lawsuits related to claims. The multi-carrier program exclusively provided to members of Las Vegas HEALS is designed to shop the best rate and coverage to a provider, often times generating a 30 percent or greater savings on insurance premiums.
“Because our community struggles in the level of reimbursement for providers, any expense that can be lowered to help their overall operations allows providers to be able to reinvest in their workforce and the community,” said Geinzer. “The Malpractice Savings Program is exclusive to our members and we believe it will be a significant benefit for the majority of them.”
Las Vegas HEALS is partnering with Pinnacle Brokers to offer this savings to its members because of Pinnacle’s excellent strength and reputation in the medical malpractice markets in the Nevada and California physician market. It is one of many benefits that are offered to its members and the savings far exceeds the cost of a Las Vegas HEALS membership. Members can contact Las Vegas HEALS today to evaluate the anticipated savings for their practice by calling 702-952-2477 or by going to www.lasvegasheals.org/msp.
This new program continues to show Las Vegas HEALS as the leader in driving the healthcare sector in Southern Nevada. Las Vegas HEALS has found great success in delivering outcomes for the industry since its inception including workforce development by addressing the nursing shortage and the development of the Healthcare 20/20 Program, led the strategic plan for health and wellness travel to expand medical tourism efforts, pushed for statewide Medicaid expansion, and started the conversation that led to $10 million in Graduate Medical Education funding to help expand residencies in Southern Nevada. It is currently working to address the reimbursement rates in Nevada to help providers to be adequately reimbursed for the services they provide and keep them practicing in the state.
About Las Vegas HEALS
Founded in 2002, Las Vegas HEALS (Health, Education, Advocacy, and Leadership in Southern Nevada) is a nonprofit, membership-based association whose mission is to foster strategic alliances in the healthcare and wellness communities, collaborating on workforce issues, and being a proactive force for legislative initiatives to improve access and enhance the delivery of high quality healthcare. The organization now represents members who collectively employ over 28,000 health care professionals. Recent initiatives have included the release of the Las Vegas Regional Strategic Plan for Medical & Wellness Tourism, the expansion of graduate medical education, and the issue of reimbursement rates.