30 Years, and Still Making a Positive Difference in Health Care
Back in the 1980s, the stormy seas of the health care professional liability market were ruled by one dominant predator. Then, a new species emerged.Read Diane’s Letter
30 Years Ago...
Before 1988 and the formation of California Healthcare Insurance Company, Inc., A Risk Retention Group (CHI), independent and community hospitals were adrift when it came to professional liability insurance. The marketplace was monopolized by one dominant carrier leaving independent hospitals floundering, with no choice but to pay their exorbitantly high premiums.Read Our Story
The Heart of CHI
At the very heart of CHI’s 30-year existence is the relentless effort to reduce risk, improve quality of care and effectively manage claims. The successful implementation of these tenets has driven CHI’s success and will continue to be the focus of innovative initiatives in the decades to come.
Creating a Win-Win in Clinical Outcomes and Loss Prevention
...See how we proactively manage risk
Creating a Culture of Partnership and Collaboration
...Examine our supportive environment
The CORE of CHI
In 2014, Optima management embarked upon a project to memorialize CHI’s differentiating factors. The project entailed staff and management participation, as well as several of CHI’s key partners. The end result was an acronym — CORE. Core means Culture + Ownership = Results. The information below is the culmination of the project:
CULTURE + OWNERSHIP = RESULTS
- Founded on the core values of Honesty, Integrity, Respect and Trust
- “Wow” service that is exceptional and over-the-top
- Making a positive difference in health care
- Opportunity to be involved in running the company
- Unique and flexible solutions
- Potential rebates to owners as profits stay within the company
- Fair pricing based on each owner’s individual loss history
- Proven success for over 30 years
- Risk Management initiatives that enhance clinical outcomes and care
- Claims Management services that are proactive, strong and defense-minded
- Fewer claims and lower liability costs
An Eye to the Future
Leveraging Our Strength, While Protecting Our Unique Character
As CHI moves into future decades, it does so from a position of strength. CHI has a unique culture and approach to the industry that has proven successful for over 30 years.Read More
Financial HighlightsCalifornia Healthcare Insurance Company, Inc., RRG (updated 9/19)
CHI lost four owners due to affiliations or closures.
CHI added two new owners: Memorial Hospital of Converse County (Wyoming), Foundation Health (Alaska)
of all CHI owners have been part of the program for more than 10 years
Statuatory Basis (Unaudited)
|Loss & LAE Reserves||$47,094,674||$50,610,337||$50,052,000||$50,245,049||$51,264,706|
|Total Open Claims/Suits||313||312||316||318||337|
|Net Premiums Earned||$16,830,189||$17,655,017||$15,303,468||$14,350,331||$16,998,163|
|Net Income, After Taxes||$2,881,236||$3,301,681||$2,672,753||$1,233,966||$3,839,748|
|Number of Policyholders||37||39||36||35||36|
|CHI Stock Price Per Share||$37||$36||$34||$32||$31|
* Combined Ratio measures a company's overall underwriting profitability. A combined ratio of less than 100% indicates an underwriting profit.
** Operating Ratio measures a company’s overall operational profitability from underwriting and investment activities. An operating ratio of less than 100% indicates a company is able to generate profits from its underwriting and investment activities.
As a rule, the octopus is not a very social animal. And that is where our mascot differs from his team. The staff of CHI/Optima and our Board of Directors rule the reefs in perfect harmony, with a personal commitment and total dedication to our owners. If you are already a CHI owner, you know these smiling faces. If you are thinking of jumping in, here is the pod you will be swimming with.Meet Our Crew