The Doctor’s Advocate | Second Quarter 2012
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Industry and Company News:
Second Quarter 2012
2012 Membership Dividend Announced
The Board of Governors has declared that eligible members will receive a dividend credit toward their policy renewals beginning July 1. The 2012 dividend credit will provide a premium reduction to eligible members in Colorado, Florida, Georgia, Idaho, Maryland, Montana, Ohio, Oregon, Virginia, Washington, and Wyoming. The dividend will vary from 4 to 13 percent depending on the loss experience of the individual state.
Eligible members of select specialty societies may also receive a dividend in addition to their extensive program benefits. Societies receiving the dividend benefit include the American Academy of Otolaryngology—Head and Neck Surgery, the American Association of Neurological Surgeons, the American College of Physicians, and the American Society of Plastic Surgeons®.
Now Exclusively Endorsed by the American College of Cardiology
We are pleased to announce that the American College of Cardiology (ACC) has exclusively endorsed The Doctors Company as its preferred medical liability insurer.
Qualifying ACC members who meet established requirements can receive liability premium savings of up to 15 percent through a 5 percent program discount, a 5 percent credit for maintaining board certification, and a 5 percent credit for participating in the PINNACLE Registry®. Some ACC members will also receive a claims-free credit based on their practice location.
“As the nation’s leading insurer of cardiologists, we are proud to partner with this prestigious organization. The ACC’s PINNACLE Registry® and The Doctors Company’s patient safety initiatives are among the many important areas of mutual commitment we share to advance the practice of good medicine,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company.
As part of the endorsement, the ACC and The Doctors Company will work closely together through the ACC Board of Trustees Medical Professional Liability Insurance Working Group to identify and resolve critical issues in medical liability within cardiology.
National Member Survey in the News
The release of The Future of Health Care, our recent survey on members’ concerns about health care reform, has generated an unprecedented level of interest from national media. To date, the news release has been viewed more than 1,300 times and posted on more than 350 Web sites. The survey has garnered political coverage in the U.S. Senate and has been referenced in more than 30 original print and online articles. One broadcast segment—a 16-minute interview with Board Member Dr. Donald J. Palmisano on National Public Radio’s It’s Your Health Network—reached more than 10 million listeners.
The timely report, released in March 2012 and distributed with the first quarter issue of The Doctor’s Advocate, has the distinction of being the largest physician survey conducted to date on the outlook of health care in America. We are proud that so many doctors participated, and we will continue to do everything in our power to ensure that our members’ voices are heard by policymakers and the public.
The report is available online at www.thedoctors.com/future.
In 2007, we created the Tribute® Plan to reward our members for their loyalty to The Doctors Company and for their dedication to superior patient care and keeping claims low. In the five years since introducing this popular member benefit, we’ve disbursed more than $5 million to retiring members.
Estimate your payout or learn more at www.thedoctors.com/tribute.