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A Fund for Risk Management Studies

The OMIC Board of Directors has unanimously approved an initial donation of $50,000 toward establishment of the Bruce E. Spivey, MD, Fund for Risk Management Studies. This is the latest collaborative effort between OMIC and the American Academy of Ophthalmology to further their shared goals of risk reduction for ophthalmologists and improved ophthalmic care for patients.

The Spivey Fund will operate within the Academy Foundation’s H. Dunbar Hoskins Jr., MD, Center for Quality Eye Care. The Hoskins Center will manage funds for projects determined by OMIC and the Academy to be consistent with their risk management and patient safety goals. OMIC will combine its extensive claims database and risk management knowledge with the Hoskins Center’s expertise in issue analysis and outcomes measurements. This potent combination of experience and expertise will be useful in developing evidence-based resources and tools for ophthalmologists that improve patient care and minimize the risk of lawsuits.

A highlight of the fund will be the “Bruce E. Spivey, MD, Lecture in Risk Management and Patient Safety.” This will be an annual lecture at the Academy’s annual meeting co-sponsored by OMIC and the Hoskins Center. Susan H. Day, MD, a pediatric ophthalmologist in San Francisco, CA, will be this year’s guest lecturer. In addition to serving as Academy president in 2005 and holding numerous other Academy leadership positions, Dr. Day was an OMIC board and committee member from 1996 through 2008. She is also past president of the American Association of Pediatric Ophthalmology and Strabismus. Dr. Day is currently Chair and Program Director for the Department of Ophthalmology at California Pacific Medical Center, a position Dr. Spivey held himself for many years.

 

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Six reasons OMIC is the best choice for ophthalmologists in America.

Best at defending claims.

An ophthalmologist pays nearly half a million dollars in premiums over the course of a career. Premium paid is directly related to a carrier’s claims experience. OMIC has a higher win rate taking tough cases to trial, full consent to settle (no hammer) clause, and access to the best experts. OMIC pays 25% less per claim than other carriers. As a result, OMIC has consistently maintained lower base rates than multispecialty carriers in the U.S.

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