Premier Insurance Management Services Inc., (PIMS) a wholly-owned subsidiary of the Premier healthcare alliance, has returned nearly $680,000 in experience credit payments to 32 hospitals and healthcare systems that participate in its Excess Workers’ Compensation sponsored insurance program.The experience credit payments of $677,903, made on Dec. 19, 2008, came from profits posted for policy years 2003/2004 with Safety National Casualty Company, which provided the insurance to participants that received the experience credit payments.
Premier Insurance Management Services Inc. has offered the Excess Workers’ Compensation sponsored program to Premier members since 1997. Through the program, participating members have the opportunity for experience credit payments of up to 30 percent of their premiums based on favorable program experience.
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