Latest news with #ManagedCareOrganizations
Business Wire
26-06-2025
- Business
- Business Wire
MSI Launches Cyber Insurance Program for Managed Care Organizations
TAMPA, Fla.--(BUSINESS WIRE)--MSI TM, one of the largest independent managing general agencies (MGAs) in the United States, announced today the launch of MSI Cyber for Managed Care Organizations, a cyber insurance program dedicated to managed care organizations (MCOs) of all sizes. Designed by MSI, this tailored solution offers dedicated capacity combined with coverage that specifically addresses the complex risks facing health insurers today. Due to the highly sensitive data that managed care organizations collect and manage, they remain an attractive target for cybercriminals. In addition, MCOs as a class have been generally underserved in the cyber market, especially on a primary basis, due to their perceived risk and overall complexity. 'Our new cyber program for managed care organizations reflects our ongoing mission to bring forward-thinking solutions to underserved sectors,' said Rajiv Matta, Chief Innovation Officer of MGA Programs at MSI. 'At MSI, innovation means building solutions that address real, unmet needs in the market. This cyber program is an example of our commitment to delivering much needed specialized solutions.' As a Lloyd's approved coverholder with delegated underwriting authority, MSI is offering a cyber solution that reflects the needs of health insurers, including: Limits up to $25 million for primary and excess placements for privacy and cyber liability with technology errors and omissions and miscellaneous professional liability Access to flexible risk management services and a market-leading breach response panel, including forensic analysts, privacy and defense counsel, and breach coaches Underwriting experts with highly specialized knowledge that is essential to understanding the risk profile of MCOs Tim LeMarbre, Senior Vice President, Cyber Product Leader at MSI, and Tammy Kocher, Vice President, Head of Cyber Underwriting at MSI, will lead and underwrite this new program, bringing a combined 40 years of underwriting experience. 'MSI Cyber for Managed Care Organizations was developed with a deep understanding of the evolving threats and challenges that managed care organizations face,' LeMarbre said. 'We are proud to unveil a dedicated, high-capacity solution with the flexibility to deploy our significant limits wherever it is needed in an insurance program.' This launch builds on MSI's goal of expanding its suite of more than 20 products and solutions across personal, commercial, and professional lines to address the evolving needs of its customers, agents, and brokers. MSI Cyber for Managed Care Organizations is the first of multiple cyber programs that the company plans to offer, leveraging the extensive underwriting experience of its cyber team. For more information about MSI Cyber for Managed Care Organizations, please visit our website. About MSI MSI, the brand name for Millennial Specialty Insurance, LLC, is one of the largest independent managing general agencies (MGAs) in the United States and an indirect subsidiary of The Baldwin Insurance Group, Inc. ('Baldwin') (NASDAQ: BWIN). Offering more than 20 insurance products and solutions across personal, commercial, and professional lines, MSI thrives on solving challenges, delivering responsive service, and providing an easy insurance experience to its distribution partners and more than 1.5 million customers. Combining deep underwriting expertise with (re)insurer risk capacity, MSI creates specialized insurance solutions that empower our distribution partners to meet customers' unique needs. MSI is committed to delivering exceptional service and rapid resolutions to customers throughout the policy lifecycle and to building insurance better. Founded in 2015, MSI joined The Baldwin Group in 2019. For more information, please visit About The Baldwin Group The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its affiliates, is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our clients the confidence to pursue their purpose, passion, and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our clients. We do this by delivering bespoke client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our clients, colleagues, insurance company partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than three million clients across the United States and internationally. For more information, please visit This press release may contain various 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Baldwin's expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address Baldwin's future operating, financial or business performance or Baldwin's strategies or expectations. In some cases, you can identify these statements by forward-looking words such as 'may,' 'might,' 'will,' 'should,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'predicts,' 'projects,' 'potential,' 'outlook' or 'continue,' or the negative of these terms or other comparable terminology. Forward-looking statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements. Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption 'Risk Factors' in Baldwin's Annual Report on Form 10-K for the year ended December 31, 2024 and in Baldwin's other filings with the U.S. Securities and Exchange Commission (the 'SEC'), which are available free of charge on the SEC's website at: including those risks and other factors relevant to Baldwin's business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Baldwin or to persons acting on Baldwin's behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Baldwin does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.
Yahoo
29-05-2025
- Business
- Yahoo
NM doulas will be eligible for Medicaid reimbursement under new state law
Closeup of a doula assisting a pregnant woman by placing a belly band while she's sitting on a fitness ball, providing support and comfort during pregnancy. () In a step intended to improve maternal and childhood outcomes in New Mexico, doulas will soon be able to enroll as Medicaid providers in the state. The Doula Credentialing Act, passed during the recent legislative session and signed by Gov. Michelle Lujan Grisham on March 21, goes into effect on July 1. The act requires the Department of Health create a voluntary credentialing process for doulas, which will make the birthworkers eligible to receive Medicaid reimbursement. As defined under the law, doula means 'a trained, nonmedical professional who provides services, including health education, advocacy or physical, emotional or social support, to a person during the pre-conception period, pregnancy, childbirth or the postpartum period to promote positive health outcomes.' HB214 also establishes a Doula Credentialing Advisory Council; requires hospitals and freestanding birth centers to create policies to allow doulas to accompany patients during particular services; and creates a Doula Fund to support the provisions of the bill. New Mexico Doula Association Executive Director Melissa Lopez-Sullivan told Source NM that the health department, the Health and Human Services Department, Medicaid, Managed Care Organizations and community-based organizations are currently all working together to finalize a 'provider toolkit' to help doulas navigate Medicaid processes. Several doulas have certified with NMDOH and some have already contracted with Medicaid Managed Care Organizations,' Lopez-Sullivan told Source in a written statement. 'These are major milestones — because of them, Medicaid beneficiaries in some areas now have access to doula services as a covered benefit, many for the first time.' She added that the doula association and its partners will soon offer 'technical assistance and enrollment support,' as well as 'culturally grounded training,' to further assist doulas in their work in New Mexico communities. Rep. Doreen Gallegos (D-Las Cruces), lead sponsor of HB214, told Source NM that the overall goal with the bill has always been to 'serve a larger number' of patients in the state and that care will start right away in July. 'A doula can help in so many ways,' Gallegos told Source. 'It's hard to sometimes make decisions when you're under that kind of stress and having somebody that's there with you, that can help walk through the process, that maybe is familiar with the doctors at the facility that you're at, or if you're doing a home birth, if things start to go sideways, that you have somebody to consult with.' She added that healthcare access is limited in New Mexico, particularly in the more rural communities, and expanding the reach of doulas will help meet the needs of more pregnant people. 'Sometimes you just have questions and sometimes medical professionals are so busy because they're in such demand right now, that they don't get to answer all those questions,' Gallegos said. 'Or if you have something in the middle of the night that you're not sure about and you have this relationship with this doula, it can really [help].' Lopez Sullivan told Source that the bill formally acknowledges the work doulas, particularly community-based doulas, do in the state and provides a path 'toward economic sustainability.' 'Many doulas have been doing this work—quietly and powerfully—for decades, without compensation or institutional support. This legislation acknowledges their expertise and makes space for them to lead within maternal health systems,' she wrote. 'For patients, especially Black, Indigenous, rural, and LGBTQIA+ families, this law opens new access to care that centers their identities, values, and choices…In a state where Black and Indigenous birthing people face the greatest maternal mortality, HB214 represents a necessary shift toward equity and dignity.' N.M. 'far above the national rate' even as maternal deaths increase across the country According to a 2023 report released by the March of Dimes, a national nonprofit organization that advocates for maternal and baby health, a third of New Mexico counties are described as maternity care deserts, where access to medical care is limited or nonexistent. The report also notes that about 18% of New Mexico women do not live within 30 minutes of a birthing hospital, compared to the national average of 9.7%, and 23.3% of birthing people received little or no prenatal care compared to 14.8% nationally. Gallegos described doula care as a 'wraparound of services' as well, because these providers not only assist patients before a child is born, but after as well, as parents settle into life with a new baby. 'I think that's problematic for New Mexico that we are losing doctors, and so we've got to have an environment that helps keep doctors in New Mexico so they can practice. And we also open it up to different types of holistic type of help that people can choose,' Gallegos said. 'We'd better give people options to what fits their lifestyle and what makes them the most comfortable and making sure that they can make decisions that are best for themselves and for their families.' Maternal death reviews get political as state officials intrude Lopez-Sullivan said she believes HB214 sets a good foundation for care in New Mexico, but the state needs to continue to invest in 'community-rooted care' and providers; ensure the systems HB214 create actually work in favor of doulas; establish long-term support for the doula workforce, including training and fair compensation; and expand midwifery and other community birth options. 'Improving maternal outcomes also means supporting midwives and community birth centers—especially in rural and Indigenous communities. These models offer holistic, accessible, and culturally resonant care that families trust,' Lopez-Sullivan wrote. 'By investing in midwifery and Indigenous-led care, we can further reduce preventable harm and build the systems our communities deserve.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
