News / Profession

MLMIC Malpractice Insurer Downgraded Again

Dynamic Chiropractic Staff

On June 29, 2004, A.M. Best downgraded the ailing Medical Liability Mutual Insurance Company (MLMIC) from "B" (fair) to "B-" (poor). OHIC Insurance Company, another member of the MLMIC family, was given a "C++" (marginal) rating by A.M. Best on the same day.

Princeton Insurance Company, also a member of the MLMIC family, shares the same poor rating of "B-," having been downgraded by A.M. Best in 2002. Princeton has been able to avoid further downgrading by abandoning malpractice business in all but its home state of New Jersey.

What this means to the chiropractic profession is that the number of secure malpractice companies continues to decline. DCs are encouraged to carefully review a carrier's ratings and history when purchasing chiropractic malpractice insurance.

September 2004
print pdf
Trending
Billing / Fees / Insurance
Should You Be In-Network or Out-of-Network With Insurance?
Should You Be In-Network or Out-of-Network With Insurance?

It’s a new year and many chiropractors are evaluating what will enhance their respective practices, particularly as it relates to their bottom line. One of the most common questions I get is: “Do I need to be credentialed to bill insurance, and what are the best plans to join?” It’s a loaded question – but one every DC ponders. Whether you're already in-network or pondering whether to join, here's what you need to know.

Samuel A. Collins
Anti Aging / Healthy Aging
Squaring the Geriatric Curve
Squaring the Geriatric Curve

The geriatric curve – the progressive decline in our health, fitness, mental capacity, and overall constitution – graphically appears as a downward sloping line over time. It is a culmination of the effects of sarcopenia, postural deterioration, frailty, and chronic noncommunicable diseases that occur as we age. While aging cannot be reversed, the goal is to reduce the negative slope or “square off” the curve, thus avoiding a steady decline in health. Here are five ways to get your patients started.

Donald DeFabio, DC, DACBSP, DABCO
News / Profession
How Chiropractors Can Make It the Best of Times
The Best of Times, the Worst of Times

Imagine an environment in which DCs are tightly integrated with their local healthcare system; a trusted resource for PCPs, specialists and self-insured employers; are reimbursed in alignment with value created; use modern technology enabling them to fully engage with their patients; are self-governed; and are able to maintain a fulfilling work-life balance. In the final part of this three-part series, we explore three areas for chiropractors to focus on to leave the current foolishness behind and create “the best of times” for DCs and their patients.