MRM, The Medical Risk Management Company, a subsidiary of the Madanes Group, was established to help insured parties to develop risk management systems and programs, in order to minimize the risk of injury to patients, leading to medical malpractice suits. Madanes recognized already in the early 90’s that in order to enable a stable long-term Med-Mal insurance coverage, there was a need to develop the necessary procedures and activities to assure that the risk would be adequately rated and the necessary mechanisms would be in place to monitor the development of the risk over the years; and that all the techniques relevant to reducing the risk would be utilized in the long run in order to control the risk. The Company formed MRM to develop and provide medical risk management services. MRM was appointed by the risk carriers to develop risk control programs for insureds.
Develop tools to detect risks in clinical practice and procedures.
Develop techniques to reduce the risks and their consequential costs.
Improve patient’s safety and the quality of care.