The Doctor’s Advocate | Third Quarter 2016
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Industry and Company News
Fitch Ratings Affirms Our “A” Ratings
Fitch Ratings has affirmed our “A” (Strong) Insurer Financial Strength (IFS) ratings. Fitch also announced that the rating outlook for all ratings is “Stable.”
The ratings are based on The Doctors Company’s above-average underwriting performance and profitability compared to its medical professional liability insurance peers, favorable loss reserve levels, strong statutory capital position, and an operating strategy that is focused on long-term underwriting profitability.
Premium Discount Offered to Oncologists from Certified Practices
Oncologists who achieve quality certification through the QOPI® Certification Program will be eligible for up to a 10 percent discount on their malpractice insurance through a collaboration between The Doctors Company and the American Society of Clinical Oncology, Inc. (ASCO®), and its wholly owned subsidiary, QOPI® Certification Program, LLC (QCP).
Physicians participating in outpatient hematology-oncology practices who receive the three-year Quality Oncology Practice Initiative (QOPI®) Certification will be eligible for the discount. Eligible physicians who are in already-certified practices may receive the discount on their next insurance renewal upon request.
“We are proud to collaborate with ASCO and QCP to recognize QOPI Certified practices that have demonstrated commitment to providing outstanding oncology care,” said Richard E. Anderson, MD, FACP, chairman and CEO. “Member programs like this support our mission to defend, protect, and reward the practice of good medicine.”
QOPI is a voluntary self-assessment and improvement program launched by ASCO in 2006 to help hematology-oncology and medical oncology practices assess the quality of care they provide to patients.
Learn more about the premium discount and the additional benefits of membership in The Doctors Company at www.thedoctors.com/qcp.
Video Insights from National Summit on Technology in Healthcare
We convened nearly 100 national experts, health system administrators, and physicians in July for a one-day summit focusing on the benefits and risks that technology brings to healthcare.
“We are proud to gather medical group leaders from around the country at our Executive Advisory Board,” said Richard E. Anderson, MD, FACP, chairman and CEO. “They are doing great work in addressing the most important issues affecting the practice of medicine today—and they have the vision, commitment, and will to do it.”
Keynote speaker Robert Wachter, MD, professor and interim chairman of the Department of Medicine at the University of California, San Francisco, addressed how the digitalization of medicine is transforming healthcare—and what doctors and hospitals need to do to adapt to these massive changes.
Health industry leaders also discussed how to improve doctor-patient relationships in the digital world, how data will transform healthcare, and how to manage the growing risk of cybercrime against healthcare entities.
Visit www.youtube.com/doctorscompany to watch the “Digital Medicine Speaker Series 2016” playlist, featuring insights from expert speakers at the forum.
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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.