The Doctor’s Advocate | Third Quarter 2017
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Industry and Company News
Robert M. Wachter, MD, Appointed to Board of Governors
We are pleased to announce the appointment of Robert M. Wachter, MD, to the Board of Governors. Dr. Wachter is professor and chair of the Department of Medicine at the University of California, San Francisco, and a thought leader in organization of care, quality, patient safety, and digital health.
Dr. Wachter coined the term “hospitalist” in a 1996 New England Journal of Medicine article and is generally regarded as the academic leader of the hospitalist movement, the fastest-growing specialty in the history of modern medicine. He has published more than 250 articles and six books, including the New York Times bestseller The Digital Doctor: Hope, Hype, and Harm at the Dawn of Medicine’s Computer Age. He is past president of the Society of Hospital Medicine.
“We are pleased to welcome Dr. Wachter to the Board of Governors,” said Richard E. Anderson, MD, FACP, chairman and CEO. “He brings outstanding leadership skills and extensive industry insights, informed by his groundbreaking contributions to the medical profession. His expertise will be a valuable asset to the board as we continue our focus on being a strong, proactive partner for physicians and practices in the changing healthcare environment.”
“I am honored to join the board of the medical malpractice industry leader,” Dr. Wachter said. “I look forward to joining The Doctors Company’s talented executive leadership and esteemed board members in fully supporting the company’s mission to advance, protect, and reward the practice of good medicine.”
Fitch Ratings Affirms Our “A” Ratings
Fitch Ratings has affirmed our “A” (Strong) Insurer Financial Strength (IFS) ratings. Fitch also announced that the rating outlook for all ratings is “Stable.”
The ratings are based on The Doctors Company’s historically strong profitability and underwriting performance, sufficient loss reserve levels, and very strong statutory capital position. Fitch noted that we are one of the few primary medical professional liability companies positioned to offer products and capabilities that accommodate the trend of healthcare providers moving to hospitals and large medical groups.
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