Minimizing Risks. Maximizing Results.
Helping a medical practice to maintain a healthy bottom line.
In the fast changing world of healthcare, physicians require a partner who will help them navigate through insurance issues. When the managing physician of a medical group wanted more time to focus on the practice, he looked to J.W. Terrill to focus on their insurance needs.
By taking full advantage of the expert advice from the risk management and group benefit professionals on the J.W. Terrill team, the medical practice was able to:
> Save $200,000 in malpractice premiums during the first two years of the new coverage;
> Avoid a 40 percent premium increase with its existing group benefit plan by implementing a self-insurance solution that maintained benefits with a minimal increase in premiums;
> Remain compliant with HIPAA regulations while adding specialized coverages for network security, coding & billing errors and privacy liability;
> Implement an HR structure that keeps the focus on patient care — not personnel issues.
J.W. Terrill continues to examine the best possible insurance options, while offering attentive service to this practice with over 100 employees and nine medical clinics.