This year marks the eleventh in a series of safety group dividend payments from Texas Mutual Insurance Company.* Recently the Hospitals of Texas safety group (HOTCOMP) has received $188,989 in dividends. The dividend was earned based on the group members’ dedication to making safety a priority in their hospitals and therefore keeping the group’s loss ratio low. This year marks a total dividend payout to our members since the inception in 2008 of $3,102,181!
Since 1999, Texas Mutual has distributed more than $150 million in safety group dividends among qualifying safety groups. Since that time, Texas Mutual has distributed more than $2 billion in both safety group and individual policyholder dividends.
In addition to potential dividends, HOTCOMP safety group members also receive discounts on their workers’ compensation premiums and have access to free workplace safety materials designed for Texas Hospitals.
“Texas Mutual safety services offers valuable information that helps keep hospital employees safe,” said Barry Couch, program manager. “It’s great to know that Texas Mutual is in HotComp’s corner with safety tips and dividends that help hospitals keep costs low and focus on delivering quality care.”
While Texas Mutual has awarded dividends each year since 1999, they are based on performance and therefore are not guaranteed. These dividends are based on the group’s loss history rather than the hospital’s individual history. Hospital members continuously make efforts to reduce claims and improve employee safety measures, assuring that the dividend potential remains for the HOTComp program.
Additionally, dividends must comply with Texas Department of Insurance regulations.
*The dividend calculation period is 18, 30, and 42 months after the group anniversary inception date. In 2018 for the 18 month calculation period, HOTCOMP did not qualify for dividends due to a high loss ratio.
Join us for HOTCOMP’s first Safe Patient Handling Webinar. Tuesday, November 5th at 12pm.
The mission of the HOTCOMP Safety Committee is to constantly improve our hospital members’ employee safety. The costliest injuries that occur in our hospitals are strains while handling patients.
Join us for a discussion about practical solutions to improve your hospital’s safety culture to help keep your hospital’s employees safe from what matters to them and your patients.
• Practical cost-effective ideas your hospital can implement to improve employee safety
• Why you need to focus on Safety Culture every day – not just when asked
• What other community hospitals are doing maintain a safety culture
Click Here to view past webinars.
Texas Mutual’s e-Learning, offers an innovative approach to online learning. Policyholders have access to our new course catalog containing 400 courses accompanied by quizzes. With e-Learning, employers can assign training, view results, send announcements and keep records easily. HOTCOMP members also have exclusive access to e-Learning courses customized for the group.
Take a look at our informational e-Learning sheet, watch a preview below, then log in to explore e-Learning.
Learn about the new courses below:
Log in to get started.
Your Safety Committee
The HOTCOMP Safety Committee meets twice a year to discuss the issues of safety in our member hospitals and what we can do to do to help make them safer workplaces.The majority of the Committee members are administrators and safety specialists in your fellow member hospitals. We understand that issues come up through the year. If you would like to post a question to the safety committee members as a group or individuals, please email us at firstname.lastname@example.org. We will pass your questions on to the appropriate member(s).
Barry Couch, CEO
Linda Rasor, CEO
Castro County Hospital
Gayle Cannon , Director of HR
Childress Regional Medical Center
Carol Villareal, HR Manager
Gonzales Healthcare System
Brian Roland, CEO
Muenster Memorial Hospital
Becky McKay, HR Director
Sweeny Community Hospital
About Safety Matters:
It is our hope that this publication, in addition to Texas Mutual’s Safety Resource Center, proves a useful tool to promote safety in our members’ hospitals. The newsletter will focus on safety issues that specifically trend to our membership hospitals.
We hope to hear from you on safety issues your hospital is facing and on successful safety procedures you have implemented. It is the safety committee’s goal to create a collaborative exchange of ideas that contributes to making all of our hospitals safer which, in turn, will increase our safety group’s benefits.
Please send your ideas, questions and comments to email@example.com.
Why Your Safety Matters:
Group members receive exclusive benefits like targeted safety resources, a discount on their workers’ compensation insurance and potential dividends based upon the safe performance of the group. HOTComp group participants have shared in over $1 million in group dividends since 2008 in addition to individual dividends from Texas Mutual.