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To Minimize Risk, Take a Deep Dive into Data

  • June 19, 2017

MMIC’s partnership with CRICO Strategies is integral to its process of performing statistical analysis across its medical malpractice claims to identify causal factors that occur with significant frequency.


Since 2013, MMIC has partnered with CRICO Strategies to gain insight into its risk vulnerabilities by analyzing its medical malpractice claims. Because of this partnership, MMIC's claims are coded using CRICO's taxonomy and are part of the Comparative Benchmarking System (CBS), which enables MMIC to benchmark against national peers. Trish Lugtu, BS, CPHIMS, Senior Manager, Advanced Analytics Solutions at MMIC says, “As a member [of CBS], we are able to benchmark our claims with peers across the country. It’s a valuable tool for helping us identify occurrences that fall outside of what we would normally expect.”

 

Citation for the Full-text Article

Webster J. To minimize risk, take a deep dive into data. Minnesota MD News. June 19, 2017.