The Doctor’s Advocate | Fourth Quarter 2014
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Industry and Company News: Fourth Quarter 2014
Steven J. Bensinger Appointed to Board of Governors
We are pleased to announce the appointment of Steven J. Bensinger, CPA, to the company’s Board of Governors. Mr. Bensinger is an accomplished financial and insurance executive, board member, and business strategist with expertise in mergers and acquisitions.
As senior managing director, Global Insurance Services, for FTI Consulting, Inc., Mr. Bensinger is responsible for providing strategic advice to many of the largest global insurance and reinsurance organizations. As the former executive vice president and chief financial officer for the Hanover Insurance Group, Inc., he directed financial reporting, business finance, financial systems, treasury, risk management, investment management, tax, actuarial, investor relations, and internal audit.
For the past 38 years, Mr. Bensinger has served as executive vice president and chief financial officer for leading insurance companies. His career in finance began with a predecessor firm of PricewaterhouseCoopers, where he earned the distinction of being one of the youngest professionals to be promoted to partner.
“Steve Bensinger is a recognized leader in both finance and insurance,” said Richard E. Anderson, MD, FACP, chairman and CEO. “His vast experience with internal audits and with mergers and acquisitions will add to our financial strength, which gives us the power to protect our members now and in the future.”
“I am proud to be joining the board of such a prestigious and successful company in our industry,” Mr. Bensinger said. “I look forward to contributing to many years of continuing success with The Doctors Company and its strong executive leadership team and board.”
National Summit Focuses on Healthcare Reform
Dr. Richard Anderson opened our 10th annual Executive Advisory Board meeting in September by noting that “the challenge facing the profession is to provide healthcare ‘better, faster, and cheaper.’ It is a significant accomplishment to do any two of these objectives, and a daunting challenge to achieve all three, but that is the task before us.”
Nearly 100 industry experts from across the nation joined us for a one-day summit to discuss healthcare reform progress. Key speaker topics and panel discussions included innovative approaches to delivering healthcare, perspectives on population health management, and the national implications of California’s Medical Injury Compensation Reform Act. To learn more about the meeting, go to www.thedoctors.com and visit our News and Insights page.
Expanding Our IDS Team
We have strengthened our expertise in providing innovative and comprehensive risk solutions for Integrated Delivery Systems (IDS). Our dynamic team of professionals now includes George Bennett, vice president of Business Development for TDC Specialty, who joins the company after 11 years as vice president of Healthcare Professional Liability at CRC Insurance Services.
“With his outstanding qualifications, George will provide leadership and strategic direction as we continue our expansion in the IDS market—specifically, providing comprehensive risk solutions for the nation’s leading medical practices, managed care organizations, healthcare systems, and hospitals,” said Rob Francis, chief operating officer.
New YouTube Playlist Addresses Data Breaches
In today’s changing practice environment, healthcare data breaches have become a question of “when,” not “if.” A data breach can lead to millions of dollars in unexpected expenses, as well as lawsuits and regulatory investigations.
Working with Paul G. Nikhinson, Esq., CIPP/US, CIPP/E, of Beazley Breach Response, we have developed Healthcare Data Breaches—Risks and Mitigation Tips, a new video playlist to help members mitigate the risks of a data breach and avoid a lawsuit.
Watch our insightful videos to learn:
- Why you’re at risk for a healthcare data breach.
- Which new technologies threaten data security at your practice.
- Whether you’re responsible if one of your vendors causes a data breach.
- Why the costs of a data breach add up so quickly.
- How a proper response to a data breach can provide an effective defense against lawsuits and regulatory investigations.
- What steps to take right now to limit your risk of a data breach.
Each video takes less than four minutes to watch. Go to www.youtube.com/doctorscompany to access the playlist and subscribe to our YouTube channel.
You can also follow us on Twitter @doctorscompany and find us on LinkedIn and Facebook.
The Doctor’s Advocate is published by The Doctors Company to advise and inform its members about loss prevention and insurance issues.
The guidelines suggested in this newsletter are not rules, do not constitute legal advice, and do not ensure a successful outcome. They attempt to define principles of practice for providing appropriate care. The principles are not inclusive of all proper methods of care nor exclusive of other methods reasonably directed at obtaining the same results.
The ultimate decision regarding the appropriateness of any treatment must be made by each healthcare provider considering the circumstances of the individual situation and in accordance with the laws of the jurisdiction in which the care is rendered.
The Doctor’s Advocate is published quarterly by Corporate Communications, The Doctors Company. Letters and articles, to be edited and published at the editor’s discretion, are welcome. The views expressed are those of the letter writer and do not necessarily reflect the opinion or official policy of The Doctors Company. Please sign your letters, and address them to the editor.