ALPHA Fund and ACHD are partners for California’s Healthcare Districts. ALPHA Fund is the state’s premier self-insured workers’ compensation Participant group, serving public and non-profit health care organizations of varying sizes. For over 35 years, ALPHA Fund has provided a broad range of innovative safety and savings programs to diverse health care communities throughout California. Here are some interesting facts about ALPHA Fund:
- ALPHA Fund was formed in 1976 by 13 Healthcare Districts;
- Claims management is brought “in-house” and Loss Prevention was established as a Participant service in 1991;
- In 1999, SB 2004 was passed, allowing non-profit hospitals and health care facilities to join ALPHA Fund;
- The first non-profit hospital joined ALPHA Fund in 2001 and today, ALPHA Fund has 91 Participants;
- ALPHA Fund is governed by a 13-member ALPHA Council;
- ALPHA Fund’s largest Participant is Palomar Health;
- ALPHA Fund’s first dividend distribution occurred in 2007;
- ALPHA Fund’s Lending Library has over 150 different programs for Participants to borrow;
- ALPHA Fund’s Claims Examiners have an average caseload of 125 claims;
- Today, ALPHA Fund has a total covered payroll in excess of $1.8 billion.
For more information about ALPHA Fund visit alphafund.org or contact Brenda McGuire.
