Practice Management

To All:

What are groups doing these days when hiring a new rad?  Are you paying for their prior acts coverage?  Do you also pay for Tail coverage if they leave?

TIA
Holly

------------------------------
Holly Wallner RCC
Business Manager
TRG, LLC
Portland OR
(503) 797-6356
------------------------------

Original Message------

To All:

What are groups doing these days when hiring a new rad?  Are you paying for their prior acts coverage?  Do you also pay for Tail coverage if they leave?

TIA
Holly

------------------------------
Holly Wallner RCC
Business Manager
TRG, LLC
Portland OR
(503) 797-6356
------------------------------

Original Message------

We do not pick up prior acts.  We only pay tail coverage if they have been with the company more than 15 years.  If they are retiring, we get a free tail from our malpractice company.  If they choose to leave prior to the 15 years, then they have to pay their own tail. 

Confidentiality Notice: This email message, including any attachments, is for the sole use of the intended recipients and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply email and destroy all copies of the original request. 

There is a Radiology Hot Topics poll on the subject of tail coverage from May/June of this year (see attached). For partners, about one-quarter don't pay at all; more than one-half pay on retirement, alone or in combination with other circumstances; and about one-third pay on termination without cause, disability, and after a number of years of service. The report includes an extensive written analysis. Please note there's an error on the incremental vesting schedule note - the 13 percent in the chart is the right number. I will correct that and have the report re-posted.

I hope this helps. Please let me know if you have any questions.

Cynthia

------------------------------
Cynthia Vervena
Assoc Dir Data & Survey Research
RBMA
Fairfax VA
(703) 621-3357
------------------------------

Original Message:
Sent: 11-08-2018 14:10
From: Holly Wallner
Subject: Prior Acts coverage/Tail coverage

To All:

What are groups doing these days when hiring a new rad?  Are you paying for their prior acts coverage?  Do you also pay for Tail coverage if they leave?

TIA
Holly

------------------------------
Holly Wallner RCC
Business Manager
TRG, LLC
Portland OR
(503) 797-6356
------------------------------