Beat the Clock New Hopes and Risks in Anti-Aging Medicine - PowerPoint PPT Presentation

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Beat the Clock New Hopes and Risks in Anti-Aging Medicine

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    1. Washington, D.C. ~ November 7-9, 2007 Beat the Clock! New Hopes and Risks in Anti-Aging Medicine

    2. Beat The Clock! Panel Members MODERATOR: Ron Rumin, Vice President Worldwide Facilities Cynthia Hine, Vice President Hylant Group Nancy Huddlestun, AVP & Senior Underwriter General Star Kathleen Johnson, Senior Claims Attorney Shand Morahan & Company Edward Kuhn, Owner & Agent Liability Insurance Solutions Dr. Charles Turner, Owner & Practitioner Innovative Medicine

    3. Good Morning The goal for this morning is to better understand the fastest growing segment in the healthcare arena Medi-Spas

    4. Origin of Medi-Spas 5 years ago Medi-Spas were unheard of Today, it is the new Starbucks there is one on every corner

    5. BOTOX Babe

    6. Types of Medi-Spas There are 3 basic categories of Medi-Spas: Aesthetics / Cosmetic Spas Botox Injections Dermal Fillers / Creams Lasers Chemical Peels and Microdermabrasion Cellulite Treatments Contour threadlifts

    7. Types of Medi-Spas (contd) 2. Wellness/Preventative Medicine Spas Healthy Aging Stress Management Smoking Cessation Weight Management Disease Screening Exercise Immunizations

    8. Types of Medi-Spas (contd) 3. Anti-Aging/Alternative Medicine Nutritional Supplements Ayurvedic Therapies Biomagnetic Therapy Acupuncture

    9. Underwriting the Risk How is this new type of Facility changing the way Underwriters underwrite? Key underwriting considerations Medical Director Documents Procedures Who are the practitioners?

    10. Underwriting the Risk (contd) Claims View When Underwriting Documentation What types of procedures? Who performs them? How are they credentialed?

    11. Prospective Insureds & the PL Marketplace Who are the prospective Insureds? Overview of the Professional Liability marketplace for these accounts

    12. What is a viable Medi-Spa Account? What are the markets willing to write? Medical Director Only Physician vs. Non-Physician Owned True Medi-Spa Integrative Practice Physicians in Transition

    13. Claims Perspectives What types of claims are Medi-Spas generating? Burns Hyperpigmentation To the extreme: Death Cases

    14. Just a Fad, or Here to Stay?? Whats the future? Crystal ball time Market saturation Financial issues

    15. Open Forum What do YOU think?

    16. Thank you for Coming Special Thank You to the Panel Members Who participated today