OmniSure Consulting Group Provides Loss Control Support on New LTC Physician Med-Mal Product
Posted on: Wednesday, 14 March 2007, 15:01 CDT
Austin, Texas-based OmniSure Consulting Group, Inc., a risk management and loss control company with a strong specialty in long-term care, will be providing loss control support for a new medical malpractice insurance product designed especially for long-term care providers.
OmniSure has been providing risk management services to Long-Term Care facilities since 2000; they have much to offer the LTC physician, including On-Line Continuing Medical Education Courses, the OmniSure Advocate quarterly newsletter, a 24 hour Helpline for resources and crisis management, and their acclaimed RM Resource Guide with 1000+ tools, including sample policies, procedures, protocols, and forms. They have recently published a guide to address Medical Director's increased accountability during state health surveys.
The insurance program, a new medical malpractice insurance product for physicians practicing as medical directors in long-term care facilities, including skilled care, assisted living and continuing care retirement communities (CCRCs), was launched late last year by U.S. Risk Underwriters, a specialty lines underwriting manager and wholesale broker based in Dallas, Texas.
The medical malpractice policy has limits to $1 million/$3 million, a standard deductible of $5,000 and a consent-to-settle with a hammer clause. The policy includes a condition that requires long-term care facilities to cover the medical director's administrative duties and carry equal professional insurance limits or policy limits become lower ($100,000/$300,000).
Coverage is offered through an "A"-rated carrier and is available initially in California, Ohio and Texas on a claims-made basis with an incident-sensitive policy form.
"Physicians who serve as medical directors in long-term care facilities have had difficulty finding adequate medical malpractice coverage," said Art Seifert, president of U.S. Risk Underwriters. "This medical malpractice policy is a quality product that meets this need and continues to position the U.S. Risk ElderCare program as one of the most comprehensive in the country."
In addition to OmniSure's professional risk management service, the medical malpractice policy includes claims handling services by long-term care dedicated attorneys at Professional Claims Managers.
Anyone looking for more information may contact Michelle Foster, president of OmniSure Consulting Group, Inc., at 800-942-4140 or michellef@omnisure.com who can discuss the program's risk management package in detail or refer interested parties to a representative from the carrier's healthcare underwriting department.
Source: Business Wire
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