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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

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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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