The PMSLIC 2008 Annual Report is now
available online to review.
Annual Report
PMSLIC's Risk Management team would
like to make health-care providers
aware that they will soon be
required to be in compliance with
the "Red Flags Rule," a set of
Federal Trade Commission (FTC)
regulations that requires creditors
and financial institutions to
develop and implement a written
identity theft prevention, detection
and mitigation program. To ensure
compliance, please review these
resources.
PMSLIC is pleased to kick off this
year's Loss Prevention Discount
Program with two new courses to add
to the menu of activities.
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NORCAL is pleased to announce the
integration of the boards of
directors and executive leadership
teams of NORCAL and PMSLIC. Details
regarding the integration can be
found in NORCAL's
press release.
PMSLIC mailed the 2009 Mcare
assessment bill today and wants to make
policyholders aware of how to apply the 2002 Mcare
credit. In short, health-care providers who did not use
the Mcare credit extended by Act 13 passed in 2002 may
apply the credit to the 2009 Mcare assessment.
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On September 26, 2008, the PMSLIC Board of Directors declared a 2008 dividend of 10 percent. The dividend will be paid to insureds renewing their PMSLIC coverage on or after January 1, 2009. The Board declared the dividend as the result of improvement in prior years’ loss experience and strong financial management.
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The Centers for Disease Control
(CDC) previously confirmed a current
shortage of Haemophilus influenzae
type B (Hib) vaccines. The shortage,
which occurred because of voluntary
recalls of several lots of the Hib
vaccines, was expected to subside by
the fall of 2008. However, the CDC
reported October 17, 2008, that
Merck & Co., Inc., the vaccine
manufacturer, now estimates that
full vaccine availability will not
be accomplished until mid-2009.
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A federal law now requires that written or computer-printed prescriptions for Medicaid outpatients be “tamper-resistant.” This law was designed to help prevent prescription fraud—to thwart tampering, forgery, or copying of prescriptions. The second and final phase of implementation of this law must be completed by October 1, 2008. By this date, any prescription given to an outpatient covered by a Medicaid fee-for-service prescription plan must contain three characteristics.
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The Pennsylvania Insurance
Department has approved the
acquisition of Millennium Insurance
Company (MIC) by the NORCAL Group.
On September 3, MIC policyholders
became PMSLIC policyholders, and we
are pleased to welcome them with the
high level of service and value that
they deserve from their professional
liability insurance provider. For
more information, please refer to
the
Welcome Letter from PMSLIC’s
board chair, the
benefits brochure
and the information contained on the
PMSLIC Web site.
If you are a policyholder or an
authorized registered user, we
encourage you to sign in
regularly to the secure area of
the PMSLIC Web site to benefit
from the protected information
available only to you.
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Physicians who inactivate their
medical liability insurance
policy due to military
deployment need to complete
Mcare's declaration of compliance form either
before they leave or as soon as
they return from duty. This will
prevent them from receiving a
non-compliance notice.
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