Cooperative of American Physicians Appoints Sarah E. Pacini as New Chief Executive Officer
Industry Leader to Focus on Business Development, Product Innovation, and Next Phase of Growth
LOS ANGELES, Jan. 12, 2015 /PRNewswire/ -- The Cooperative of American Physicians, Inc. (CAP) announced that Sarah E. Pacini, 39, will be the organization's new chief executive officer effective February 1, 2015. Most recently, Ms. Pacini served as vice president of risk management and insurance, president of Advocate Physician Partners Risk Purchasing Group, and chairperson of Advocate Insurance Segregated Portfolio Company for Advocate Health Care, the largest health system in Illinois.
As CEO of both CAP and the Mutual Protection Trust (MPT), Ms. Pacini succeeds James Weidner, who announced his retirement after serving as CEO of the enterprise since 1995.
Ms. Pacini will work to enhance and extend CAP's core businesses, MPT and the CAPAssurance Risk Purchasing Group, which provide access to superior medical professional liability protection, patient safety education, and risk management services.
Ms. Pacini brings to CAP extensive experience in health care, law, patient safety, captive insurance, claims and risk management, and medical professional liability. During her tenure at Advocate Health Care, she was responsible for developing, implementing, and directing the system-wide insurance, risk financing, risk management, and claims management programs to ensure a consistent and optimal approach to minimizing liability and risk exposure. Additionally, Ms. Pacini successfully formed a risk purchasing group for Advocate Physician Partners, which focuses on improving health care quality and outcomes while simultaneously reducing the overall cost of health care.
Ms. Pacini is a graduate of Purdue University School of Nursing. She earned her Juris Doctor degree (Summa Cum Laude) from DePaul University College of Law with a Certificate in Health Law. She is a member of the Illinois State Bar Association, the Risk and Insurance Management Society, and serves on the Board of Directors of the Captive Insurance Companies Association.
"Sarah's background as a senior leader responsible for risk management, liability mitigation, and patient safety at a major health care system will provide CAP with added strength in our support of physicians, medical groups, and health care facilities as they adapt to the new demands on health care providers," said Bela S. Kenessey, MD, president and chair of CAP.
"Throughout her career, Sarah has worked hard to protect all stakeholders in the health care system," said Juan Carlos Cobo, MD, chair of the MPT Board of Trustees. "Most recently she was responsible for forming a risk purchasing group to support and protect physicians in Illinois. MPT is dedicated to serving the professional liability needs of California's finest physicians, and we're delighted to have Sarah on board as we continue to strengthen the organization."
"CAP has set the standard for medical professional liability protection, with an exceptional track record of serving the health care community for nearly 40 years," said Ms. Pacini. "I look forward to leading CAP and supporting physicians, medical groups, hospitals, and other health care facilities as the health care sector continues to evolve."
About the Cooperative of American Physicians, Inc.
The Cooperative of American Physicians, Inc. (CAP) was established in 1975 by a group of California physicians to manage the escalating cost of medical professional liability coverage. Two years later, CAP formed the Mutual Protection Trust, which today provides protection to nearly 12,000 of California's finest physicians, and which has earned an A+ (Superior) rating from A.M. Best since 2006. In 2013, CAP created CAPAssurance, A Risk Purchasing Group, allowing hospitals, facilities, and large groups access to top-rated liability and risk management services. Based in Los Angeles, CAP also has offices in San Diego, Orange County, Sacramento, and Palo Alto. For more information, visit www.CAPphysicians.com.
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SOURCE Cooperative of American Physicians, Inc.
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