The funding for ELM loss prevention programs often comes from self-funded insurance companies – typically captives or risk retention groups (RRGs) – that carry the financial risk behind the scenes. These insurance companies are wholly owned by a hospital, health system, or academic medical center.

Ways to use ELM: Because so many healthcare facilities today are taking the financial risk for their staff, specifically its employed medical staff, it is imperative to proactively mitigate risk. ELM programs help our clients achieve just that. Some clients use premium discounts and credits to drive participation, while other clients simply mandate the program. Many clients combine approaches to make the program as successful as possible.

Funding Your Program: Most captives and RRGs set aside funding for loss-prevention initiatives like ELM programs. While ELM is working directly with hospitals, health systems, and academic medical centers, we are also producing results for company-owned self-funded insurance programs.