Optima Insurance Brokers Pvt. Ltd.

Industry Focus

Healthcare

The Indian healthcare sector is expected to reach US$ 100 billion by 2015 from the current US$ 65 billion, growing at around 20 per cent a year. Some of the major factors driving the growth in the sector include increasing population, growing lifestyle related health issues, cheaper costs for treatment, thrust in medical tourism, improving health insurance penetration, increasing disposable income, government initiatives and focus on Public Private Partnership (PPP) models.

Overview

Hospitals are built upon huge financial investments. Severe financial losses and liabilities could result from breach of services, breakdown of equipment or accidents. While Insurance premiums for hospitals and malpractice lawsuits are posing a challenge on one hand the sector on the other hand is exposed to increasing operational risks including those arising from clinical trials. All health care providers should carefully consider whether, and to what extent, they are involved in the types of legal relationships that may make them vulnerable to malpractice litigation.

Most modern day hospitals are high rise buildings with basements. In a typical hospital set-up, the diagnostic facilities and equipment are placed in the basements. These are stored along with chemicals, medicines, flammable consumables, combustible packing materials (plastics, cardboards) & oxygen cylinders ―thereby increasing the hospital’s fire load considerably.

Hospitals also store drugs, which if stolen, could pose a major threat to lives. The hospital is answerable to damages from the use of stolen medicines/drugs. Improper maintenance of cleanliness and/or unhygienic condition of hospital premises amounts to negligence.

It is, therefore, imperative for hospitals to not only adopt loss minimisation techniques, but also find the right insurance solution.

Optima Edge:

OPTIMA provides risk transfer solutions for hospitals and medical establishments. Our team of professionals brings high-quality, practical solutions for risks facing the rapidly changing healthcare industry. We have invested in the resources necessary to provide you with the service you need in insurance brokerage, risk analytics, clinical risk management consulting and claims management.

We understand that in the Healthcare sector, the manner in which claims are handled initially can be vital to limiting quantum and reputational issues.



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Optima’s core group has more than 100 man-years of experience in insurance. Our experience has trained us in reading the fine print of insurance policies, understanding it and applying it for the benefit of our clients.

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M6, M Block Market, Greater Kailash-II, New Delhi-110 048
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+91-11-40505159
info@optima.co.in

IRDA Registration Number 326  |  CIN : U66030DL2000PTC103603  |  Category : Direct Broker (Life and Non-Life)  |  License period : 22-03-2018 to 21-03-2021
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