CHARLOTTE, NC (November 11, 2021) - Premier Insurance Management Services, a Premier, Inc. (NASDAQ: PINC) company, distributed $5.1 million in profit dividends with 64 hospitals and health systems who are active, qualifying insurance policyholders.
The profit-sharing program, operated jointly with the Safety National Casualty Corporation, returns a portion of policy year profits based on favorable program experience. Across more than two decades, the profit-sharing program has returned over $32.1 million to Premier member policyholders.
“This program is a perfect example of how we’re able to positively impact the important work of our members, even in one of the most challenging years,” said Joelle Hren, President of Premier Insurance Management Services. “Premier members count on the responsiveness, ease of accessibility and peace of mind provided by the Premier Insurance team and portfolio of carefully vetted products and solutions. I am incredibly proud of our team’s ability to maintain a focus on our member hospitals and health systems and partner with them to navigate opportunities, risks and challenges.”
Safety National® is a multi-line specialty insurance carrier that offers risk solutions for large commercial and public entity clients, providing specialized expertise, flexible program design and unique claims proficiency supported by relationship-driven customer service. A market leader since 1942, the company is a member of the Tokio Marine Group and is rated A++ (Superior), FSC XV by A.M. Best.
Premier, Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,400 U.S. hospitals and health systems and approximately 225,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.