iot health

IoT Evolution Health News

IoT Evolution Health Home

Clearwater CEO Bob Chaput Shares Expertise on Insuring Hospital Cyber Risks

By Ken Briodagh
February 13, 2018

Hospitals and health systems use captive insurance as an alternative to commercial carriers for professional liability, property, and workers comp insurance.

Bob Chaput, CEO, Clearwater Compliance, a top-ranked, award-winning provider of healthcare cyber risk management and compliance solutions, recently shared his expertise in the newest Business of Healthcare (BOH) episode, “Why Manage Cyber Risk through an Insurance Captive?” on insuring hospital cyber risks through captives.

BOH recently announced its newest episode, designed to help hospital and health system leaders better understand how captive insurance proves to be critical in the ongoing effort to manage and reduce cyber risk. Chaput, along with Rebecca Cady, VP and Chief Risk Officer, Children's National Health System, share their expertise on ways health systems and hospitals can improve cyber risk management, transfer cyber risk, and better identify, manage and avoid cyber risk.

In the new BOH series, Chaput shares expertise on:

How captives provide financial savings and leadership engagement in managing cyber risk.

Ways insurance captives have improved risk identification and controls for patient safety risks over the past 20 years.

Arguments in favor of and against placing cyber risk management into a captive.

Best organizational cyber risk investments.

Over the past 20 years, captives have helped drive a reduction in malpractice claim and catastrophic patient injury, especially in obstetrics and emergency medicine. Large providers are now experimentally using captives for other forms of risk such as employee health plans, managed care contracts, and director and officer exposures. Cyber is a new risk strategic to captive insurance.

To view the interview, click here.


Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

Beacon Communications Expands Aging Services Portfolio, Enters Agreement with RCare

By: Ken Briodagh    7/18/2018

Beacon Communications, a full-service, communications in healthcare company, announced recently a strategic distribution relationship with wireless nu…

Read More

3D Printing Will Become Standard Part of Healthcare Portfolio, Says Globaldata

By: Ken Briodagh    7/3/2018

3D printing in healthcare could disruptive to the healthcare sector and will become a standard part of the healthcare portfolio, says data and analyti…

Read More

People Power Awarded Grant from National Institute on Aging for Berkeley Caregiver Study

By: Ken Briodagh    7/2/2018

NIA grant for development of IoT solutions for in-home care awarded to People Power for in-home supportive solutions for dementia caregivers.

Read More

AT&T to Launch NarrowBand IoT Network in U.S. and Mexico

By: Ken Briodagh    7/2/2018

AT&T NB-IoT Will Enhance North American Network Footprint for IoT Solutions With More Choices for Businesses

Read More

Fujitsu Selects Wirepas for Advanced IoT Solution Development

By: Ken Briodagh    6/29/2018

Fujitsu Components has announced it has selected Wirepas Mesh software technology to integrate into its latest hardware to enable the company to devel…

Read More