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DSNJ Purchasing Alliance

Good News!   Dermatological Society of New Jersey members are eligible to join the newly formed DSNJ Purchasing Alliance, Inc (click for full announcement).

This alliance will provide member benefits will offer a 25% discount off of annual medical malpractice premiums (click for examples) through MDAdvantage (click for application) You must join the DSNJ Purchasing Alliance, Inc.

Also, you are eligible to obtain discounts for Disability, Long Term Care Insurance, and Financial Planning Fees through Varbeco Wealth Management (click for full announcement).

Here is some additional information for the MDAdvantage

"Doctors today face unprecedented economic challenges, and need to protect not only how they practice medicine but how they operate their businesses, "said Patricia Costante, CEO of the Lawrenceville, N.J.-based MDAdvantage. "Supreme Advantage™ was developed to help physicians in all specialties—ranging from solo practitioners to those in large groups—afford the increasingly high cost of practicing medicine in New Jersey. We are proud to be the first New Jersey-based medical professional liability carrier to provide this supplemental coverage to its insured physicians at no additional cost."

Coverage highlights:

 

 

• Employment Practice Liability Insurance (EPLI): wrongful termination, employment discrimination, sexual harassment, invasion of privacy, and other activities.

 

• Privacy and Data Security Insurance (PDSI): network security and privacy violations involving HIPAA, data breaches and patient notification, data recovery and other activities.

 

• Medical Practice Administration Insurance (MPAI) : Medicaid audits, other types of audits and the resulting fines and penalties.

Physicians whose medical professional liability insurance is through MDAdvantage will receive a complimentary level of all three coverages at no extra cost, and will also have the option to purchase additional limits. Doctors not insured with MDAdvantage can purchase either all three coverages, a combination of PDSI and MPAI, or just EPLI.

As part of its service, MDAdvantage offers its physician insureds a secure web account with access to risk management information and educational materials relating to each coverage option. Complete details on Supreme Advantage™, including coverage highlights and frequently asked questions, and a directory of qualified brokers, are available at www.MDAvantageonline.com or by calling 888-355-5551.

 

 

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