The Doctor’s Advocate | Second Quarter 2016
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2016 Member Dividend Announced
The Board of Governors has declared a premium dividend of approximately $32 million to recognize and reward members for their loyalty and dedication to the practice of good medicine. Since the dividend program’s start in 1976, the company has paid out more than $370 million in dividends.
“For the 11th year in a row, we are recognizing our members for their commitment to superior patient care with a significant dividend,” said Richard E. Anderson, MD, FACP, chairman and CEO. “Our members have made this dividend possible by their excellent claims experience. In addition, we reward our members with the Tribute® Plan, which has distributed $40 million to retiring members to date.”
The 2016 dividend will provide a premium reduction to members in the following states: Colorado, Florida, Georgia, Idaho, Illinois, Maryland, Michigan, Montana, New Mexico, North Carolina, Ohio, Oregon, Texas, Virginia, Washington, and Wyoming. The dividend will vary from 4 to 24.5 percent depending on the loss experience of the individual state.
Members of the following select medical specialty societies may also receive a dividend: American College of Surgeons, American Academy of Otolaryngology—Head and Neck Surgery, American Association of Neurological Surgeons, and American Society of Plastic Surgeons®.
Eligible members will receive this year’s dividend on their annual premium for policy renewals on or after July 1, 2016.
New Video Series Tackles Defensive Medicine
Defensive medicine is the focus of a groundbreaking video series featuring Chairman and CEO Richard E. Anderson, MD, FACP.
“To significantly reduce the practice of defensive medicine, it is imperative that the healthcare community, our nation’s legislators, and the judicial community understand the inherent cause,” Dr. Anderson said. “In the U.S., medical standards of care have been replaced by medical/legal standards of care. In many cases, doctors feel compelled to order certain tests or procedures because of the threat of legal action, not because they can be expected to provide better outcomes. Good medicine is not defensive medicine and defensive medicine is not good medicine.”
The series of eight videos, The State of Defensive Medicine, was produced by the Internet television program Healthcare Matters, created with support from Cunningham Group, the nation’s largest independent agency representing medical malpractice insurance products. Michael Matray, editor of Medical Liability Monitor, is the show’s moderator.
Watch them at www.thedoctors.com/defensivemedicine.
Join Us for Complimentary Continuing Education Activities
Our online and in-person educational activities share advice from experts and lessons learned from our closed claims data. During the first quarter of 2016, your colleagues have made these five on-demand courses our most popular activities:
- HIPAA: Yesterday and Today
- Risk Prevention Tips for the Digital Age: E-mail, Texting, and Social Media
- Consent and Patient Care
- At the End of Day: You and Your EHR
- Medication Management in the Office Practice
In addition to these courses, which are available 24/7, we also offer local and regional in-person seminars. Beginning in July, you can attend a mini seminar, Telemedicine: New Tools, Emerging Risks, at locations in Colorado, Idaho, Montana, Oregon, Washington, and Wyoming. If this topic interests you but you can’t attend, we offer an on-demand version online.
Go to www.thedoctors.com/cme for a listing of upcoming seminars and webinars and for the catalog of our on-demand courses.
If you are interested in a topic or seminar but don’t see it listed, contact us at email@example.com or call (800) 421-2368, extension 1243.
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