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- EIN 45-4256254
- (217) 876-2107
- 2300 N Edward St Decatur IL 62526 USA
- none
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Nonprofit Overview
Causes: Insurance Providers
Mission: To provide insurance services to and for the benefit of decatur memorial hospital, a section 501(c)(3) entity, which is the sole member and supported organization of heartland risk management company.
Programs: 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.
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This organization's nonprofit status may have been revoked or it may have merged with another organization or ceased operations.