Risk Management and Partner Society Discounts
September 14, 2023
Dear OMIC Insureds:
As we announced last year, in January of 2023, we made a few changes to the way we administer the risk management and partner society discounts. If you haven’t already earned your discounts, I wanted to remind you of the key facts to remember so that you can receive the maximum discount of 10% when your policy renews.
5% partner society discount
To receive this discount, you must attest that you are a current member of one of our 55 ophthalmology partner societies by logging into your account via MyOMIC (https://www.omic.com/UserAccounts/login) and indicating the societies to which you belong. Only one 5% discount will be applied, regardless of the number of your society memberships. The discount is applied on your renewal invoice. Follow this link to see a list of our partner societies: https://www.omic.com/partners/.
5% risk management discount
You can earn this discount by attending a live risk management presentation at one of our partner society meetings or at the AAO Annual Meeting. Click on this link to see a calendar of events: https://www.omic.com/risk-management/. Alternately, you can complete an online risk management course by contacting Risk Management Coordinator Linda Nakamura at lnakamura@omic.com or 1-800-562-6642 x652.
We request that you complete a course, whether live or online, 75 or more days prior to your renewal date. Your renewal date can be found on your policy documents or by logging into MyOMIC.com. If you have questions about your renewal date, please contact your Underwriting representative: https://www.omic.com/policyholder-services/contact-my-rep/underwriting/.
We will record a completion of one course and apply one discount per policy period. If you complete a course less than 75 days before your renewal date, that discount will be applied to your next policy term. Due to the volume of course completions, please allow approximately 7 days for your completion to be recorded in our database.
I hope these reminders are helpful to you, and please do not hesitate to contact us with any questions. For questions regarding your policy or how to access your account via MyOMIC please contact your Underwriting representative: https://www.omic.com/policyholder-services/contact-my-rep/underwriting/. For questions regarding online courses, please contact Linda Nakamura at lnakamura@omic.com or 1-800-562-6642 x652.
Thank you for being a member of OMIC!
Sincerely,
Linda Harrison, PhD
Vice President, Risk Management
Comanagement of Surgical Patients – Risk Management Strategies to Ensure Patient Safety and Mitigate Liability
August 8, 2022
Dear OMIC Insureds:
Managing expectations of patients and ensuring effective communication between care providers is especially important when ophthalmologists share care of ophthalmic surgery patients with community optometrists or optometrists within their practice.
OMIC offers risk management strategies to ensure patient safety, and avoid liability risks associated with surgical comanagement, whether it takes place within a practice or outside of it. These recommendations are based upon OMIC claims experience.
Click on this link:
OMIC Risk Management Recommendations for Comanagement of Surgical Patients
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,
Hans K. Bruhn, MHS
OMIC Risk Manager
Noncompliance: what are the liability risks?
September 5, 2023
Dear OMIC Insureds:
Insureds face liability risks when patients fail to keep appointments, elect to not undergo testing, or decline treatment due to costs or personal reasons. Insureds report an increase in patients who are unable to pay their medical bills due to high deductibles, but require ongoing treatment. Take proper steps to protect the patient, yourself, and the practice.
To read more about this topic, refer to our recommendations on:
Noncompliance Guidelines
The High Cost of Refused Care – OMIC
Terminating Care for Financial Reasons
If you have questions about this topic or would like to have a confidential risk management consultation, please email riskmanagement@omic.com or call the Risk Management Hotline at 1-800-562-6642 and enter 4 for Risk Management.
Sincerely,
Michelle Pineda
OMIC Risk Manager
