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OMIC’s Top 10 – Claims Payments

OMIC continues to outperform multispecialty carriers in every tracked industry statistic regarding defense of ophthalmic claims. The cumulative average settlement for ophthalmology (OMIC vs. industry) was $151k to $185k in 2010. OMIC beat the industry in every year of the past decade, as well as since inception of the company.  Only 3 cases have exceeded $1M in the history of OMIC. See below for OMIC’s top 10 settlements and verdicts since 1987.

OMIC’s Top 10

  1. $3.4M          ROP
  2. $2.0M          Glioma in 10 mo old baby
  3. $1.8M          Glaucoma in 8 yr old
  4. $1.0M          Tx of corneal ulcer in 2 yr old
  5. $1.0M          Misdx sarcoid/Pred overdose
  6. $1.0M          ROP
  7. $1.0M          ROP
  8. $999k          Stroke post strab surgery
  9. $983k          LASIK ectasia
  10. $975k          Puncture in chalazion surgery
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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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