New Turnkey Captive Insurance Service to Revolutionize Ambulatory Surgery Center Access to Self-Insurance
Surgical Captive delivers unique self-insurance solutions for healthcare facilities and their owners.
DALLAS, Oct. 20, 2015 /PRNewswire/ -- Surgical Captive (www.surgicalcaptive.com), a new firm focused on developing and administering turnkey captive insurance companies for ambulatory surgery centers, surgical hospitals, and other healthcare organizations, recently launched and is changing the way facility owners self-insure their businesses and manage the associated risks. Surgical Captive provides solutions that allow its clients to protect their assets, save money, enhance cash flow, and benefit from customized insurance policies through the establishment of Captive Insurance Companies.
Business owner's form privately owned Captive Insurance Companies to protect themselves from the risks associated with business ownership. Rather than paying insurance premiums for a policy to third-party insurers, premiums are paid to the Captive. Pre-defined risks are underwritten with the assistance of a third-party actuarial team. Any reserves realized from unpaid claims remain an asset of the Captive, protected from creditors of the business and available for investment or disbursement to the Captive owners.
Surgical Captive works with healthcare professionals nationwide by forming and managing Captive programs. Once a Captive Insurance Company is created, its owners are able to use their capital in more effective ways than paying insurance premiums to commercial insurers, such as expanding, investing, and growing.
The firm was founded by three executives: Jeff Blankinship, an ASC industry leader who is president and CEO of healthcare IT solutions firm, Surgical Notes and founder of the Surgery Center Network; Randy Bishop, another ASC industry leader who is chief operating officer of Surgical Notes and a partner at VisionCap Investments; and Larry Anders, an insurance expert who is chairman and majority owner of Summit Alliance Companies, an independent financial services firm.
"Surgical Captive was formed as an answer to pressing insurance questions within the ASC and broader healthcare industry," Blankinship said. "Captive Insurance Companies are an exciting and innovative way to minimize risk while accumulating wealth, and yet they are underutilized by healthcare organizations as the benefits are not easily understood or explained. With the proper guidance from Surgical Captive, the economic advantages of a Captive program will become readily apparent."
To learn more about Surgical Captive and take the first step in forming your own Captive Insurance Company, visit www.surgicalcaptive.com.
About Surgical Captive
Surgical Captive is dedicated to delivering unique self-insurance solutions for ambulatory surgery centers, physicians, and business owners in the healthcare industry. By liberating businesses from the market cycles of commercial insurance companies through the formation of Captive Insurance Companies, Surgical Captive provides wealth opportunities and asset protection with outstanding financial results. Contact us today to learn if a Surgical Captive solution is right for you by visiting www.surgicalcaptive.com.
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SOURCE Surgical Captive
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