Experix to Provide Risk Management and Claims Administration to Medical Professional Community Nationwide

SEATTLE, Sept. 16, 2013 /PRNewswire/ -- Experix announced today the finalization of two contracts for third-party claims administration services in Washington State along with new courses in its library of ACCME-accredited continuing medical education courses (www.experixllc.com).

Most physicians, clinics, and hospitals rely on their professional liability insurer for risk management consulting and education, or they use in-house resources. "We found that these physicians, clinics, and hospitals were not always getting targeted information, education, and resources," said Mary-Lou Misrahy, CEO. "They've had to rely on information from companies that didn't specialize in medical professional liability, or from hard-working but inadequately resourced internal teams. All this has put many medical practices and hospitals at greater risk from a lack of deep expertise and industry knowledge."

Experix is a wholly owned subsidiary of Physicians Insurance A Mutual Company. This connection enables every Experix risk management and claims-processing service to be informed by Physicians Insurance's 30-year history of award-winning risk management consulting and education and its data-driven claims administration.  

Experix also provides accredited continuing medical education via live seminars and online. "After researching the market, we noticed some gaps in what physicians needed – most notably specialty-specific education," noted Misrahy. "We're absolutely going to offer the foundational content, but also make sure that specialists have the targeted information they need." Misrahy noted the company's recent national launch of courses on topics such as social media in medical practices and Dr. Steven Clark's groundbreaking work in category II fetal heart rate management.

Said Misrahy, "Physicians, clinics, and hospitals are constantly working to improve the practice of medicine. They're positively impacting patient health and safety, lowering claims frequencies, and decreasing losses. Experix is going to be an essential tool in their box of resources."

About Experix
Experix provides accredited continuing medical education, risk management consulting, and third-party claims administration to physicians, clinics, and hospitals. The company is a wholly owned subsidiary of Physicians Insurance A Mutual Company, which has a 30-year, award-winning history of risk management consulting and education, along with an industry-leading claims administration/litigation management arm that has a historic outcome of 90.5% defense verdicts. Experix has home offices in Seattle, Washington, and serves customers across the United States.

About Physicians Insurance
Physicians Insurance A Mutual Company provides medical professional liability insurance coverage to more than 7,000 members in Washington, Idaho, Oregon, and Wyoming, in addition to risk-management consulting, continuing medical education, and claims administration services. The company, founded in 1981, has grown to be the largest insurer of physicians in Washington State and is rated A- (Excellent) by A.M. Best Company.[i] Physicians Insurance maintains corporate headquarters in Seattle, with regional offices in Spokane, Washington, and Portland, Oregon.

[i] A.M. Best's ratings are on a scale from A++ (superior) down to D (poor) with even lower ratings for companies under regulatory supervision or in liquidation.

SOURCE Physicians Insurance