Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland...
-
Upload
bertina-joan-bishop -
Category
Documents
-
view
213 -
download
0
Transcript of Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland...
![Page 1: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/1.jpg)
Insuring Physicians:
Are commercial insurers competitors or partners?
Charles KolodkinCleveland Clinic
Jack MeyerThe Doctors Company
Larry SmithMedStar HealthDec. 3, 2014
![Page 2: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/2.jpg)
Employed Physicians:Captive v. Carrier
Traditional Liabilities Cost Claims Control Risk Management
Regulatory Considerations Risk Tolerance Underwriting expertise Claims Management Educational offerings Portability
![Page 3: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/3.jpg)
Employed Physicians:Captive v. Carrier
Tail Liabilities Cost Claims Control Expectation of clinician
Wall off liabilities Risk Tolerance Claims Management Operational Management / Control
![Page 4: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/4.jpg)
Employed Physicians:Captive v. Carrier
Prior Acts Liabilities Cost Recruiting Tool Claims Control
Third Party Business Linkage with Hospital Risk Certainty Claims Management
![Page 5: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/5.jpg)
Insuring Independent Physicians:Captive v. Carrier
Captive
Assures Availability Assures Affordability Linkage with Hospital Claims Control Lower Costs
![Page 6: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/6.jpg)
Insuring Independent Physicians:Captive v. Carrier
Carrier
Regulatory Underwriting Expertise Claims Management Risk Management expertise Time / Resource efficiencies Broader Coverages Linkage with Hospital
![Page 7: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/7.jpg)
Insuring Independent Physicians:Captive v. Carrier
Hybrid Captive as Reinsurer
Underwriting Expertise Claims Management Risk Management expertise Promote issues Time / Resource efficiencies Broader Coverages Linkage with Hospital
![Page 8: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/8.jpg)
Insuring Independent Physicians:Captive v. Carrier
Hybrid Carrier as Reinsurer
Underwriting Expertise Claims Management Risk Management expertise Promote issues Time / Resource efficiencies Broader Coverages Linkage with Hospital
![Page 9: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/9.jpg)
WHAT DO PHYSICIANS WANT?
• Affordability• Claims Management• Flexibility• Supplemental Coverages• Physician Governance• Dividends
![Page 10: Insuring Physicians: Are commercial insurers competitors or partners? Charles Kolodkin Cleveland Clinic Jack Meyer The Doctors Company Larry Smith MedStar.](https://reader035.fdocuments.us/reader035/viewer/2022062515/56649d095503460f949dbe9b/html5/thumbnails/10.jpg)