A quarterly review of Company and industry news for Medical Mutual member-policyholders.
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The Advocate
Second quarter 2007
Medical Mutual of Maine Makes Donation to VPHP
Reprinted with permission from The Green Mountain Physician.
The Vermont Practitioner Health Program has received a $6,000
donation from Medical Mutual Insurance Company of Maine,
the medical professional liability carrier endorsed by the VMS.
VPHP Medical Director David Simmons, M.D., accepted the
donation from Terrance J. Sheehan, M.D., Medical Mutual’s
president and CEO, during a ceremony at Medical Mutual’s
headquarters in Portland, Maine.
“The Vermont Medical Society and the Vermont Practitioner
Health Program thank Medical Mutual for this generous donation,”
said Dr. Simmons. “This contribution will help the VPHP
reach more practitioners and further the program’s mission of
protecting the public by early identification, treatment, and rehabilitation
of individual providers.”
“Medical Mutual takes its advocacy role very seriously and
we’re more than happy to support any program that can benefit
physicians and their patients with either a monetary contribution
or through active hands-on participation in educational and risk
management initiatives,” said Dr. Sheehan.
Medical Mutual is supporting similar programs at the same
level in New Hampshire and Maine, Dr. Sheehan added.
“Medical Mutual recognizes how important the medical societies
are to the physicians and the communities in which they
serve,” he said.
Medical Mutual was
endorsed as the medical professional
liability carrier of
choice by the Vermont
Medical Society in 2000. The
company is also endorsed by
the Maine Medical
Association, the Maine
Osteopathic Association, the
Maine Hospital Association
and the New Hampshire
Medical Society. In Vermont,
Medical Mutual currently
insures 305 physicians and
five hospitals.
Medical Mutual recently declared a $4 million dividend,
payable as a credit against premiums on policies renewing after
June 30, 2007 to eligible insureds in Maine, New Hampshire
and Vermont. It is the seventh time that the company has
returned funds in excess of what was deemed necessary to cover
claims and the cost of doing business. Medical Mutual has given
back nearly $19 million to policyholders since the first dividend
was declared in 1992.