HealthCap is owned and governed by its members, the senior care facilities that we insure. All profits accrue to the benefits of our members, with excess profits returned as dividends at the discretion of the board of directors. Since our formation in 2001, HealthCap has grown to become a top-3 liability insurance provider to the industry, with over 1,700 insured facilities. HealthCap has built significant financial strength, with more than $250 million in assets and more than $50 million in equity, one of the largest commitments in the insurance industry to senior care. HealthCap is rated "A (Exceptional)" by Demotech, Inc., meeting the insurance rating requirements of HUD.
Every member receives risk management services every year because addressing issues before they lead to claims is the most effective way to reduce liability costs. HealthCap provides a variety of risk management services, allowing each member to choose the services that meet their needs.
Even the best senior care organization can be faced with accidents or be accused of improper care. If not dealt with swiftly, even a groundless accusation can cause significant harm to your organization and can hinder your ability to provide cost effective care. That is why it is critical that you ally yourself with a company that is a specialist in handling difficult senior care liability situations. HealthCap manages the situation, not just the claim. Our claim management professionals are 100% focused on the management of senior care claims. They are not generalists; they are experts. Our 24-hour SOS support systems, legal support hotline, and aggressive incident triage programs help us to rapidly respond and minimize our members’ cost of claims.