Practice Management

 View Only

  • 1.  tail policies and reimbursement for coverage?

    Posted 01-30-2023 14:12
    What are most practices doing regarding tail coverage? 

    Does your ins policy include tail coverage? 
    Does your company pay for a separate tail policy when the physician leaves? 
    Does your company require the departing physician to pay for their own tail policy, and if so, does your company kick in any reimbursement for that policy? 

    Janene W. Markuske (she/her)

    Executive Director | IntelliRad Imaging


    305-712-7229, ext 5       786-833-0244

    jmarkuske@intelliradimaging.com

    11760 SW 40th St, Suite 703, Miami, FL 33175

    www.intelliradimaging.com







  • 2.  RE: tail policies and reimbursement for coverage?

    Posted 01-30-2023 14:20
    Hi Janene

    One of the states where we operate has free tail through the state fund after a certain period of time.  If the departing physician isn't eligible for free tail coverage under that program, we require them to pay for it.

    I can't say what most are doing, but I would say that most of the docs we have had join us from other groups are paying for their tail coverage, and we reimburse that as a business expense deducted from their bonus pool.

    Dave

    ------------------------------
    David Smith FACMPE
    Executive Director
    United Imaging Consultants
    Mission KS
    (785) 393-8387
    ------------------------------

    Original Message


  • 3.  RE: tail policies and reimbursement for coverage?

    Posted 01-30-2023 16:32
    We only buy occurrence policies so no tail is necessary.
     
     
     
    Sheila S. Witous, MBA, CPA
    Chief Administrative Officer
    Radiology, Inc.
    P.O. Box 1258
    South Bend, IN 46624
    (574)258-1100 ext. 205

    PRIVILEGED AND CONFIDENTIAL: This document and the information contained herein are confidential and protected from disclosure pursuant to Federal law. This message is intended only for the use of the Addressee(s) and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, you are hereby notified that the use, dissemination, or copying of this information is strictly prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and notify the sender immediately.




    Original Message


  • 4.  RE: tail policies and reimbursement for coverage?

    Posted 01-30-2023 21:18
    Hi Janene - There is a hot topic poll on this issue the RBMA did in 2021.   Suspect the info collected in 2021 won't be very different now. 

    http://app.surveymethods.com/Publish.aspx?vmRE%2bOuCuNU%3d

    Agree with David, that most of the time your counsel and broker will advise against providing nose coverage to a radiologist leaving a practice to come to your practice. 
    We can't find occurence coverage in our state. 

    If a radiologist leaves our practice, to join another or if a radiologist is in breach of contract, they pay the tail. 
    If we terminate a radiologist (without cause), practice pays the tail. 
    Rads who retire from our practice after 10 years of service, get a free tail. 

    Beth

    ------------------------------
    Beth Williams MHA, FACMPE, FRBMA
    Executive Director
    Vantage Radiology and Diagnostic Services
    Federal Way WA
    (253) 661-1700 ext. 1105
    ------------------------------

    Original Message


  • 5.  RE: tail policies and reimbursement for coverage?

    Posted 01-31-2023 04:26
    For our practice, if a physician leaves voluntarily or for cause, they’re required to pay the costs of tail. If a physician retires and will no longer practice, they qualify for free tail. For physicians coming from other practices to our group, we’ve not ever paid their tail on the front end, but we’re starting to hear those requests more and more, and we’d most like try handle it as David has indicated. However, it may become part of the recruitment package, depending on what subspecialty you’re recruiting (depending on scarcity, competitiveness, etc.).

    Scott Fortson
    727-744-4176

    Sent from my iPhone


    Original Message


  • 6.  RE: tail policies and reimbursement for coverage?

    Posted 01-31-2023 06:52
    We provide Occurrence coverage from day one.  Our philosophy has always been to make sure the practice is covered.

    ------------------------------
    Andrew Farah
    Director of Operations
    Drs. Harris, Birkhill, Wang, Songe & Associates
    Dearborn MI
    ------------------------------

    Original Message


Related Content