Heartland Risk Management Company

The organization is a supporting organization of decatur memorial hospital (dmh), an Illinois tax-exempt hospital, and operates as a "captive insurance Company". Its sole activities are limited to providing insurance services to dmh. In doing so, the organization achieves cost savings for dmh and provides qualitative benefits, such as 1) creating a joint defense program for employed physicians of the hospital; 2) protecting dmh from insurance market cycles by building surplus thus enabling it to adjust the attachment point, and therefore cost, of insurance purchased by dmh from the traditional marketplace; 3) providing coverage for joint ventures entered into by dmh; and 4) accessing worldwide reinsurance markets to supplement or replace the current excess insurance program.