The Doctor’s Advocate | Second Quarter 2022
The Back Page
Industry and Company News
Celebrating 15 Years of the Tribute Plan
We proudly announce that members have received more than $140 million in Tribute® Plan awards during the past 15 years. Tribute, our innovative benefit for members of The Doctors Company, 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.
More than 11,600 Tribute awards have been distributed. The highest 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.”
Learn more about the 15th anniversary of Tribute.
2022 Member Dividend Announced
The Board of Governors has approved a 2022 premium dividend of approximately $7.3 million, bringing the total of declared dividends to date to more than $446 million.
Dividends of up to 10 percent were approved for eligible members in the following states: Colorado, Florida, Idaho, Maryland, Michigan, North Carolina, Ohio, Virginia, and Washington. Members of the American Academy of Otolaryngology—Head and Neck Surgery may also receive a dividend, depending on their eligibility.
Eligible members will receive this year’s dividend on their annual premium for policy renewals on or after July 1, 2022.
Unlike commercial insurance companies, which look for ways to reward shareholders, The Doctors Company is dedicated to rewarding its members.
New York County Medical Society Renews Exclusive Endorsement
The New York County Medical Society (NYCMS) has again chosen The Doctors Company, part of TDC Group, as the exclusively endorsed medical liability insurer for its members.
“The Doctors Company is the ideal choice for our endorsement, as they are founded and led by physicians and owned by members,” said Keith A. LaScalea, MD, FACP, President of NYCMS. “Our members retain a partner whose mission is aligned with our mission to strive for the achievement of the highest standards of medical practice and quality of care.”
Under the partnership, NYCMS members:
- Benefit from some of New York’s most competitive rates for medical malpractice insurance. And if they are affiliated with Hospitals Insurance Company, they have access to even more significant savings.
- Receive numerous benefits from The Doctors Company—such as the state’s most aggressive defense, 24/7 patient safety and risk management services, free live and on-demand CME, and access to the Section 18 New York State excess risk management program.
- Participate in the Tribute Plan, our program that rewards eligible doctors for their loyalty and commitment to superior patient care, and they may receive dividends.
“Our continued partnership with NYCMS reflects TDC Group’s growing strength in the New York market,” said Tammy Clark, CPCU, Senior Vice President and Regional Operating Officer, The Doctors Company. “Since expanding its presence in New York in 2017, TDC Group has grown to 21,412 New York physician members and $292 million in direct written premiums.”
Sign Up for Automatic Updates
Join our subscriber list to get the latest information on patient safety topics and emerging medical trends.
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.
Second Quarter 2022
Perspectives from the CMO
As Telemedicine Best Practices Emerge, Assess Your Practice
An Ounce of Prevention
Practice Protection for Administrative and Regulatory Actions
Government Relations Report
Landmark Legislation Preserves Medical Liability Reform in California
The Back Page
Industry and Company News