Browsing articles from "December, 2021"

Requests for Refunds

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December 7, 2021

Dear OMIC Insureds:

Dealing with unanticipated outcomes is one of the most difficult aspects of medical practice, especially if an error contributed to the result. While many physicians want to talk to their patients about adverse events, they may be hesitant to do so for a variety of reasons. OMIC has always encouraged its policyholders to communicate honestly and compassionately with their patients about unanticipated outcomes including an open discussion regarding requests for refunds.

To read about our risk management recommendations for ophthalmologists on how to handle these difficult situations, please consult Responding to Unanticipated Outcomes (page 9-10).

If you have questions, contact us for confidential risk management advice at riskmanagement@omic.com. Or call us at 1-800-562-6642, enter 4 for Risk Management.

Sincerely,

Michelle Pineda, MBA, OMIC Risk Manager

CONFIDENTIALITY NOTICE: This correspondence is intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. Dissemination, distribution or copying of this e-mail or the information herein by anyone other than the intended recipient, or an employee or agent responsible for delivering the message to the intended recipient, is prohibited. If you have received this e-mail in error, please call me and destroy the original message and all copies.
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Six reasons OMIC is the best choice for ophthalmologists in America.

Consistent return of premium.

Publicly-traded insurance companies exist to make profits for shareholders while physician-owned carriers often return profits to their policyholders. Don’t underestimate this benefit; it can add up to tens of thousands of dollars over the course of your career. OMIC has one of the most generous dividend programs for ophthalmologists and has returned more than $90 Million to our members through dividends.

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