CareRise Granted Third U.S. Patent On Risk Management Program For Healthcare Facilities

NEW ORLEANS, Sept. 9, 2014 /PRNewswire/ -- The U.S. Patent Office issued a third patent to Tim Goux, CEO of risk management company, CareRise, that further protects the company's successful business method to reduce insurance claims and losses at healthcare facilities.  (System and Method For Improving the Operation of a Business Entity and Monitoring and Reporting the Results Thereof, Patent No: 8,799,024)

Currently, CareRise is providing service to clients in 134 cities, throughout 24 states.  In a controlled group, spanning over 156 consecutive months, facilities using the CareRise method have demonstrated a 74 percent better result in loss cost per bed when compared to national averages.  

The patented CareRise business method uses a proprietary web-based system and real-time data collected to isolate potential risk and track improvement.  CareRise risk managers, all of whom have earned R.N. degrees, regularly visit the insured facility to evaluate up to 500 risk factors such as fall prevention, wound care, documentation, environmental security and contingency planning.  

"This third patent expands our existing intellectual property and further protects our business model," Goux stated.  "Anytime an insurance company creates 'special insurance programs' for healthcare facilities that include a risk management component, and the insured healthcare facilities complies with these programs, they could achieve long-term rate stability or even reduced premium costs."  

This latest patent explicitly states that this business method is not limited to any particular entity or class of entities. More innovation lies ahead. In the next few weeks, CareRise will launch its 'next generation' of web-based technology.  CareRise 5.0 will offer a brand new platform that will vastly enhance the performance of CareRise team members in the field and  provide a greater level of intelligence for our clients and business partners, at all of their various levels of interest and need. 

"Growing CareRise from one state to over 24 states taught us a lot about the special needs of our clients and business partners.  Their needs are of the utmost importance to us, and when you combine desire, passion, intellect and will, with technology, there is not much that can't be done," Goux said.

The program is available through a network of insurance brokers across the United States and CareRise, www.carerise.com, 888-395-4200.

About CareRise
CareRise is an independent, privately-held risk management company based in Mandeville, LA.  The company specializes in risk management programs for healthcare facilities, as part of an overall insurance coverage program.  CareRise provides services to skilled-nursing and post-acute facilities, assisted and independent living facilities, and specialty hospitals, through strategic partnerships.  CareRise currently operates in approximately 24 states, 134-cities.  For more information on CareRise, please visit carerise.com.

SOURCE CareRise