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Innovative Solution to Save Medical Malpractice Premiums

by in DoctorsACO
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Now days, our doctors are facing steadily rising medical malpractice premiums, which have led them to seek alternative source apart from the traditional policies and services provided by large independentcommercial insurance companies. 

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What is Captive Insurance? Captive insurance companies are insurance companies established with the specific objective of insuring risks emanating from their parent group or groups, but they sometimes also insure risks of the group's customers.  This is an alternative form of risk management that is becoming a more practical and popular means through which companies can protect themselves financially while having more control over how they are insured.

Doctors ACO is seeking innovative solutions to save $ for our ACO Physicians.  Captive Insurance is one of the ways that our physicians can save tremendous amount of money in their medical malpractice premiums.  Doctors ACO believes “Captive Insurance” is an economical way for doctors to have malpractice insurance.  For instance, as the captive's owner, the insured physician can be directly involved in major decisions made by captive regarding underwriting, investment policies, claim management, and quality improvement.

Currently, we have reviewed the successful company located in Thomasville, Georgia “TPA Captive Insurance Company” which was started by a local physician.  Now the company has grown to total of 5 companies in several states

TPA Captive Insurance Company – 1991

Tift Area Captive Insurance Company – 2000

Joliet Area Risk Retention Group Captive Insurance

Company – 2004

Chattahoochee Risk Retention Group Captive

Insurance Company – 2005

Red Clay Risk Retention Group Captive Insurance

Company – 2008

 

We have the track record data on hand for these five companies.  Please contact us to obtain the overview of the companies, each charter return data (Financial status of Charters) and companies last 10 years of performance. 

Doctors ACO team would like to invite you to join in conversation to learn about Captive insurance.  We’re excited about the opportunity and looking forward to extend the conversation with our ACO Physicians and managers. 

If you have any further questions or need more detail regarding Captive Insurance, please write us at info@doctorsaco.org or call us at 706-208-9700.  

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Guest Saturday, 26 May 2018

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