IPT and ICT Announce 2011 Member Dividends

Two IHA Business Solutions announced their 2011 dividends this week.

The Board of Trustees of the Illinois Provider Trust (IPT), a leading provider of medical professional and general liability coverage, serving 32 hospitals in Illinois, declared a dividend of $4.9 million which represents a return of approximately 40% of the average member's 2011 primary contribution. The program has returned more than $60 million in dividends to its members since 1979.

The Board of Trustees for the Illinois Compensation Trust (ICT), the Illinois health care market leader for workers' compensation coverage, serving 63 member hospitals as well as several other health care organizations, declared a refund to members of $1.8 million. Member dividends for 2011 amount to 9.5% of their total contributions. ICT has returned more than $63 million to participating hospitals since 1982.

Both IHA Business Solutions provide a stable and affordable means for meeting the insurance needs of Illinois hospitals. In addition to excellent claims and risk management services, the ability to share in their financial success makes these programs stand apart from other coverage options.

Staff Contact: Dianne O'Donnell; 630.276.5872