INTERNAL MEDICINE PHYSICIAN NEEDED We are looking for an internal medicine physician for our multi-specialty group. Please email your CV to kaajhealthcare@ gmail.com.
FOR SALE
enced staff and EHR. If interested please call 408/710-3008.
OTHER SURGICAL INSTRUMENTS TO DONATE Needle holders, pick ups, dilators, tenacula, etc. to donate. Please call 650/6914840 if interested and can use them.
PEDIATRICS PRACTICE FOR SALE Decent well-established Pediatric solo practice for sale in South Bay with experi-
METRO MEDICAL BILLING, INC.
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WHAT DOES AN INSURANCE CAPTIVE HAVE TO DO WITH MY BUSINESS? Basil Hantash, MD, PhD, MBA, from Turlock, Calif., realized the greatest threat to his dermatology practice wasn’t medical malpractice. What kept him and so many other doctors up at night were worries over things like loss of license or hospital privilege, a cyber attack, staffing issues, losing a patient referral source or needing to pay out for legal defense. These are problems that could prove catastrophic to any practice. Dr. Hantash did his research and found a solution. Enter CapAlt, a captive insurance company administrator, specializing in protected captives. Working with CapAlt, Dr. Hantash was able to protect his practice in a way that was not only tailored for his specific needs, but would increase his bottom line. It may sound too good to be true, but here’s how it works. A large commercial insurance company takes your premiums and invests those funds, growing the company’s assets. Through CapAlt, business owners (including physicians) can set up their own captive insurance company and not only protect their business, but make money in the process. Allstate Insurance actually started as a captive. So the idea of a captive isn’t a new insurance model; CapAlt is a new partner for SCCMA and MCMS members. We want you to know that CapAlt went through an extensive vetting process by CMA, the CMA Insurance Committee and SCCMA-MCMS. The result is that, in addition to all the advantages of owning a captive, CapAlt is now offering free SCCMA and MCMS membership to any physician who adopts a captive.
The representatives at CapAlt will take you through a fairly painless process with a risk assessment questionnaire to help determine your exposure and budget. From there, you’ll determine where to invest your premiums and they’ll do the heavy lifting. You don’t have to become an insurance specialist. You may not have heard of insurance captives or been offered this kind of opportunity because captives don’t work for everyone. Physicians and small physician groups can qualify and really benefit from captives. The premium you pay to your captive is tax-deductible and over time this investment acts almost like a 401(k). Captives usually cover claims that have a high payout but a low occurrence rate. This means that your captive keeps you from paying out of pocket and keeps you protected from high-risk situations such as someone hacking into your computer system or if you’re facing the need to defend your reputation. CapAlt recognizes that physicians have specific risks they are working to mitigate. In coming on as a partner with CMA and SCCMA-MCMS, they have developed a comprehensive program for physicians, addressing issues such as HIPAA compliance and licensing. Mark Sims is VP of Business Development for CapAlt. He’s been active in talking to physicians and organizations like CMA. If you’d like to find out more about managing risk and assets through captive insurance, Sims is happy to answer questions and help you determine if setting up a captive is right for you. You can reach him at msims@captivealternatives.com or 404/823-6200.
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