1979
17 district hospitals become the founding members of Program BETA Risk Management Authority.
1986
Bylaws are amended to allow counties and other government agencies to the join the program.
1988
Regional network meetings are introduced to help keep risk managers abreast of legal requirements and best practices.
1989
Ten years since inception, the program has grown to 62 members, $24 million in annual contributions and $60 million in assets. Coverage is extended to Nevada with the participation of LiCON, a 12-member cooperative of rural hospitals. Program BETA becomes its own public entity, giving members greater control.
1991
The program declares its first dividend credit due to exemplary loss experience and exceptional investment earnings. A longevity credit gives members a rate discount of up to 25 percent.
1992
A risk management awards program is introduced to reward members with outstanding loss prevention programs. The Underground Storage Tank Removal Fund gives member facilities grants up to $20,000 to reduce environmental exposures by removing underground tanks.
1993
The Risk Management Resource Program is established to help fund facilities' in-house risk management and quality improvement efforts.
1994
BETA establishes Health Providers Mutual Insurance Company, RRG to offer excess liability coverage to member facilities. Services are further expanded to include property, boiler and machinery, earthquake, crime and fiduciary liability coverages through a partnership with Robert F. Driver and Associates. Having been administered by a third party, BETA now hires its own staff and opens its corporate headquarters in Alamo, California.
1995
The BETA+ Equipment Support and Technology (BEST) program is created to cover equipment maintenance and repairs through a self-insurance pool similar to Program BETA.
1996
BETA acquires Pacific Health Providers Insurance Company (PHP) to expand the range of coverages offered to members.
1997
A.M. Best gives the program an A- (Excellent) rating, making BETA the first company of its type ever to be rated by the respected industry analyst. The company launches its website, expanding members' access to forms, information and advice. BETACare is established to offer a comprehensive health and welfare benefits program to district hospitals and their employees.
1998
Legislation is introduced to allow nonprofit hospitals and healthcare facilities to join Program BETA. The law passes and becomes effective on January 1, 1999.
1999
The first nonprofit hospital joins the program. Program BETA establishes a new corporate identity, BETA Healthcare Group (BETA), to better represent its expanding membership, services and lines of coverage.
2000
BETA establishes an extranet, giving members Internet access to claims and incident trending data in addition to sophisticated analytical tools and streamlined reports.
2001
BETA offers medical group professional liability coverage through its risk retention group, Health Providers Insurance Reciprocal, RRG (HealthPro).
2002
BETA increases its net member contributions by 39 percent and total revenues increase 34 percent. BETA unveils its newly enhanced website at www.betahg.com. The site now has many upgraded features including additional risk management links for member education as well as an expansion of our extranet.
2003
BETA establishes a monthly invoicing system that replaces monthly report forms. Based on positive operating results and a one-time reserve release for fiscal year 2002, BETA announces a $15 million dividend credit.
2004
BETA celebrates 25 years of excellence—a legacy of leadership. BETA designs and implements a new, cost-effective reinsurance program that includes eight highly rated reinsurers from both the direct and broker markets. BETA completes a smooth transition from occurrence to claims-made coverage by implementing a comprehensive communications plan with impacted members.
2005
BETA introduces a risk management initiative to assist members in enhancing patient safety and decreasing risks. The company has a record year of growth in new business and sees its member contributions grow by $7.1 million.
2006
BETA initiates new case law in medical staff privilege litigation and introduces a risk management initiative to address high severity claims in obstetrics and emergency services. BETA creates an electronic pediatric emergency newsletter entitled Risk TX, which is disseminated to BETA and HealthPro medical groups each quarter.
2008
BETA partners with Advanced Practice Strategies to improve perinatal safety and reduce obstetrical malpractice claims by helping its members purchase online education on topics such as fetal assessment and monitoring, management of shoulder dystocia and operative vaginal delivery.
2010
BETA unveils its newly enhanced website at www.betahg.com.
