Medical Liability Mutual Insurance Company
MLMIC Declares 7.5% Special Dividend
MLMIC is pleased to announce a 7.5% Special Dividend for all of our policyholders!
MLMIC’s president, Dr. Robert Menotti, said that dividends “provide meaningful financial relief to our policyholders,” and that “they are an integral part of our mission to provide high-quality insurance at low long-term cost.” Since inception, MLMIC has returned over $300 million in dividends to our policyholder owners.
To qualify for this 7.5% Special Dividend, policyholders must be insured by MLMIC on February 1, 2015. The dividend will be applied to policyholder accounts on March 1. Questions? Contact us today.
Study: Medical Errors Drop When Doctors Communicate
Effective communication is imperative in ensuring patient safety, especially during patient handoffs. >>Read More
New MLMIC CME Modules Available Online
5 Areas of Concern for Physician Offices - Part 1
MLMIC's Dateline Publication - Fall 2014 Volume 13 Number 2 ... Now Available
The Latest Advice In Practice Management
Alternative to Certified Mail
Whenever you must send an important communication to a patient, it must be in writing and sent by means of a reliable delivery method. In the past, many significant written communications, discharge letters, or warning letters to noncompliant patients would be sent to the patient by certified mail, return receipt requested. The certified mail process requires a signature from the patient or another person who lives at the address, thus providing evidence that the commmunication was, in fact, received.Unfortunately, not only has the cost of certified mail dramatically increased, but ...
Update on Physician Assistant Prescribing Authority
The Spring 2014 Issue of Dateline discussed the rules governing the professional practice of physician assistants (PAs). In the article Physician Assistants: A Risk-Benefit Analysis, it was stated that PAs could not prescribe any Schedule II controlled substance, citing 10 NYCRR §94.2(e)(5) (page 3, footnote 10). On February 26, 2014, a Notice of Proposed Rulemaking was published in the New York State Register proposing to remove this restriction. As of this writing…
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Risk Management Tip of the Month:
Tip #6: Managing Medication Samples
Medical Liability Mutual Insurance Company (MLMIC) was formed in 1975, in cooperation with the Medical
Society of the State of New York (MSSNY). It is a mutual professional liability insurance company, which
means that it is owned by the healthcare providers it insures. Headquartered in New York City, MLMIC has
field representatives throughout the State, as well as three regional offices located in Syracuse,
East Meadow, and the Albany area.
Management and direction of MLMIC is accomplished through a Board of Directors, comprised of physicians,
dentists, and hospital administrators. Policyholders have full voting rights on management issues. MLMIC is
an active participant in the national organization, Physician Insurers Association of America (PIAA), and has
been a leading force in development of risk management programs and systems, cause of loss identification,
and patient safety education.
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Last Updated: 12/16/14