Q. What are the eligibility requirements for membership?
A. EMPAC RRG’s founders conducted a study of Florida EM claim experience that followed a similar study conducted in Colorado in the 90’s. These studies provide guidance towards identifying a superior EM risk. Obviously training is foundational, but EMPAC RRG through its unique clinical application, personal interview of candidate group leaders by EMPAC RRG physicians, and a site visit to review patient safety standards, taken together, along with examination not just of loss experience in terms of dollars but what led to the underlying cause of claim events, provides EMPAC RRG underwriters with an overall quotient for a superior risk.
EMPAC RRG is available nationwide and offers coverage written through the group’s legal name via a single policy covering all practitioners. EMPAC RRG does not offer individual physician coverage.
Q. Why is a surplus contribution necessary in order to be insured by EMPAC RRG?
A. Under the LRRA a RRG is a member owned insurance company, in which all insureds must be owners and all owners must be insureds. As such, all groups joining EMPAC RRG are required to make a contribution to surplus. This contribution can in certain circumstances be spread over up to five (5) years and sixty (60) payments via financing options provided by EMPAC RRG. In total, the contribution is equal to fifty percent (50%) of the fully mature claims made premium.
In order for EM physicians to provide EMPAC RRG the control to create security, stability, and favorable rates, outside investors are not allowed.
Q. Can I finance my capital contribution to EMPAC RRG or my insurance premium?
A. Yes, premium financing is available as well options for financing surplus contribution as noted above.
Various premium financing options are available such as 25 % down and nine (9) equal payments. Simple interest is applied to the declining balance. Quotations for financing cost are available along with premium quotations.
Q – Will this program offer risk management services?
A – Yes. Effective risk management is a primary goal of EMPAC RRG. Since EMPAC is specialty specific, it is able to examine targeted losses and discover which risk management factors result in the most impact to claims reduction. EMPAC also benefits from the ability of its physician members to share ideas specific to the risk management programs in place at their emergency department, thus creating an ideal setting for innovative and customized plans to flourish.
An extensive members-only online Risk Management and Patient Safety webpage is available with short monthly mandatory online presentations on critical issues. Through the management of claims from across the country, QMRM, which manages the content of the site, is able to identify trends in malpractice litigation and loss prevention strategies.