Becker's Healthcare November 18, 2022
In collaboration with Madison Insurance Group

Ambulatory surgical centers face multiple risks that could interrupt and devastate the business. The traditional method of protecting against these risks is insurance coverage, but coverage for these rare but catastrophic events is extremely expensive.

During Becker’s 28th Annual Meeting: The Business & Operation of ASCs, in a session sponsored by Madison Insurance Group, Mark Sims, president of global business development discussed issues with conventional insurance and summarized the benefits of private insurance for ASCs.

Three key takeaways were:

  1. ASCs face a host of potentially catastrophic enterprise risks. Enterprise risks are risks that could result in business interruption. They have a low probability of occurring, but when they do occur, can devastate a business. Examples include a pandemic, a...

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