The Doctors Company Announces New Tribute Plan Awards Milestone: $150 Million Distributed to Members
Napa, California—September 29, 2022—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer and part of TDC Group, announced today that it has now distributed more than $150 million in Tribute® Plan awards to over 12,000 members. Tribute was the first national plan to recognize retiring doctors for their loyalty and commitment to superior patient care, and it is the largest such benefit in the industry. To date, the highest award is $264,808.
“The Tribute Plan is tangible proof of our mission to advance, protect, and reward the practice of good medicine,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company and TDC Group. “I’m pleased that in our recent survey of members, 92 percent recognized the importance of Tribute and 90 percent expressed satisfaction with our unmatched benefits.”
The Doctors Company’s financial strength, with over $6.5 billion in assets and $2.5 billion in member surplus, empowers the company to offer these rewards without compromising its ability to protect its members’ livelihoods or pay claims. The millions of dollars that are in Tribute accounts today come from the capital of the company, not from premiums, and Tribute payments do not affect The Doctors Company’s ongoing dividend program.
About The Doctors Company
Founded and led by physicians, The Doctors Company (thedoctors.com), the nation’s largest physician-owned medical malpractice insurer, is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company helps physicians manage the complexities of today’s healthcare environment—with expert guidance, resources, and coverage. The Doctors Company is part of TDC Group (thetdcgroup.com), the nation’s largest physician-owned provider of insurance, risk management, and healthcare practice improvement solutions. TDC Group serves the full continuum of care, from individual physicians to academic medical systems—over 100,000 healthcare professionals and organizations nationwide—with annual revenue of $1 billion and over $6.5 billion in assets. To learn more about our data-driven insights and to stay up to date on industry trends, follow and subscribe to The Doctors Company on Twitter (@doctorscompany), YouTube, LinkedIn, and Facebook.