Management Consulting
Aon
Full Credential Description
Healthcare providers today face evolving, complex, and interconnected risks, particularly in Australia. These challenges include an ageing population, rapid advancements in technology, difficulties in attracting and retaining talent, privacy concerns, and the critical importance of patient experience. In response to these pressures, Aon established a Health Practice Group composed of industry specialists who provide tailored and innovative solutions specifically for the Australian healthcare industry. Aon's approach emphasizes treating risk as a preventable illness. By empowering healthcare organizations with insight-driven risk decisions, Aon aims to lower costs, optimize assets, and minimize liability while unlocking workforce potential. Their services include consultation, benchmarking, education, management strategies, and risk mitigation, allowing them to partner closely with healthcare organizations to achieve optimal results. Aon has developed a client base that represents approximately 70 percent of the Australian healthcare industry, including private hospitals, day surgeries, medical centers, aged care facilities, IVF clinics, medical colleges, and clinical trial institutes. This extensive client engagement has enabled Aon to cultivate specific expertise in the healthcare sector, enhancing their ability to address the unique needs of these organizations. Their comprehensive support spans the entire risk and people spectrum, including insurable risk transfer, enterprise-wide risk profiling, quantitative modeling, loss analysis, and claims advocacy. Aon also addresses the heightened vulnerability of the healthcare industry to cyber risks, which can lead to significant financial repercussions. The average cost for an organization in Australia to detect and recover from a cyber attack is approximately $276,000, not including potential data breach fines that can reach up to $2 million. Aon's Cyber Risk Solutions group assists healthcare organizations in developing incident readiness and crisis response plans, further enhancing their risk management capabilities. By leveraging data-driven insights and the collective experience of their team, Aon provides a holistic approach to risk management. This enables healthcare clients to balance price and protection effectively, driving performance and profitability, which in turn allows for reinvestment in patient care and organizational growth.