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New Healthcare Technology and Legislation Stimulate Construction
PHILADELPHIA--(BUSINESS WIRE)--
Regulatory changes, increasing competitive pressures and rapid
technological advances are transforming the healthcare industry,
including the construction of new state-of-the-art medical facilities. ACE
Group today released a new advisory that examines the potential
environmental risks facing new construction or renovation of healthcare
construction projects. The advisory details the ways in which these
risks can jeopardize patient health and lead to significant financial
losses. It also provides risk management recommendations for
construction and facilities management to help address these critical
exposures and minimize the risk of pollution incidents at healthcare
worksites.
“Sweeping
Healthcare Changes Renew Focus on Environmental Risks of Construction”
was co-authored by Gerry Rojewski, Vice President, Chief Underwriting
Officer, ACE
Environmental Risk; and Patrick Dorris, Associate Vice President for
Real Estate Design and Construction, Penn Medicine. The advisory is the
latest installment in ACE’s series of insurance and risk management
perspectives for risk managers.
“As healthcare organizations build and expand their facilities to meet
the modern standard of care, they must make sure they take appropriate
steps to protect their patients, their businesses and their reputations
from pollution exposures,” said Mr. Rojewski. “ACE’s Environmental Risk
Practice advises clients on taking the necessary precautions ahead of
time and building out a broad-based risk management strategy for any
healthcare construction project. This includes securing comprehensive
coverage for contractor related environmental exposures, which can
ultimately help healthcare facilities better protect patients while
mitigating pollution exposures and minimizing potential remediation
costs.”
Key Highlights from the ACE advisory include:
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Impact of key healthcare industry challenges, including regulatory
changes (Affordable Care Act), competition and technological advances,
on healthcare facility construction/renovations
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Overview of environmental exposures relative to healthcare construction
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Risk Management recommendations and contractor pollution liability
coverage considerations for healthcare construction projects
To access the report, please visit
our website. The material presented in this report is not intended
to provide legal or other expert advice. It is presented as
informational only. Readers should consult legal counsel or other
technical experts, as applicable, with any specific questions they may
have.
ACE Environmental Risk, is a division of ACE USA, and part of ACE Group.
ACE Environmental Risk offers a full range of environmental liability
solutions designed to minimize bottom-line impacts, and provide hands-on
management for those liabilities. For more information about ACE
Environmental Risk and its range of products and services, please visit
our website.
Insurance is provided by insurance companies within the ACE Group. All
products may not be available in all jurisdictions. The product
information above is a summary only. The insurance policy actually
issued contains the terms and limits of the contract.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance, and life insurance to a
diverse group of clients. ACE Limited, the parent company of ACE Group,
is listed on the New York Stock Exchange (NYSE: ACE) and is a component
of the S&P 500 index. Additional information can be found at www.acegroup.com,
or follow ACE on Twitter, https://twitter.com/ACEGroupNA.
Source: ACE Group