Napa, California—February 23, 2015—With the outpatient medical facilities market expected to grow exponentially over the next 10 years, The Doctors Company has announced a comprehensive program of risk solutions for these facilities through the company’s wholly owned subsidiary, TDC Specialty. The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, protects more than 300 facilities and will expand in this market throughout 2015.
Stand-alone medical facilities, such as hospice, urgent care centers, dialysis centers, and surgery centers, are a developing segment in the evolving healthcare environment. Ambulatory care now accounts for approximately one-third of healthcare spending in the U.S., more than is spent on inpatient care, according to the Department of Health & Human Services’ Agency for Healthcare Research and Quality. As the Affordable Care Act shifts the healthcare model from volume-based to value-based care, many services will continue to transition from inpatient to outpatient.
In addition to already serving over 300 medical facilities, The Doctors Company has over 35 years of risk innovation and risk management experience for the nation’s leading hospitals and healthcare systems. This long-term expertise allows the company to provide dynamic risk solutions, including:
The company recently appointed Eric Stimpert as assistant vice president of the medical facilities program. In this new role, Mr. Stimpert will focus exclusively on medical facilities and will be writing all lines of coverage on TDC Specialty paper. He brings a wealth of experience to the role, including his most recent position as vice president of the Professional Liability Division at Maxum Specialty Insurance Group. He has also served as regional underwriting manager for AIG.
“The Doctors Company has extensive experience protecting healthcare facilities, and we are dedicated to continuing to provide unparalleled service to this evolving healthcare market,” said George Bennett, vice president of Business Development for TDC Specialty.
“We understand the unique risks medical facilities face,” Mr. Stimpert said. “We are committed to providing the unrivaled protection and expert solutions these facilities need.”
To learn more about The Doctors Company’s program for facilities, hospitals, and healthcare systems, visit www.thedoctors.com/IDS.
About The Doctors Company
Founded and led by physicians, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 75,000 members and $4.3 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
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