CHICAGO – Health insurers have made important improvements in the twelve months since the American Medical Association (AMA) called for an overhaul of the industry’s billing and collection process, yet there is a tremendous opportunity for improving efficiency in the nation’s multi-payer health care system. This is the key finding of the AMA’s National Health Insurer Report Card, released today through the AMA’s Heal the Claims Process campaign. This is the second year in a row that the AMA has released its report card to diagnose the strengths and weaknesses …

By Anthony DelVecchio
Ever since I began my career in the insurance business, I have focused most of my energies toward working with physicians.  One of the keystones to my business is young physicians and residents.  This article will educate you on the reasons and benefits of buying disability insurance now, not later.
Why Buy Now?
The main, and most important reason, to buy now is your health.  I think it is fair to say that most of us are at our healthiest in our twenties and early thirties.  Securing a policy now, …

By Anthony DelVecchio
Whether you are just joining a practice fresh out of residency or the owner of a practice for 15 years, disability insurance will always be a part of your life.  This article is going to focus on your disability insurance needs.
Below you are going to see a checklist of types of insurance you may need now or in the future as well as a brief general description of what they do.
Individual Disability Insurance (IDI)
One of the first insurance needs a physician should obtain while in residency is an …

By Thomas Lloyd
The most important first step any physician must take when beginning the process of selecting an individual disability insurance policy is educating themselves about the various inherent differences between each contract.
A clear relationship exists between the price of each contract and its definition. Disability insurance is a product which clearly follows the mantra ‘you get what you pay for.’ These show a ranking of the best levels of coverage for physicians.
·      1. ‘True Own-Occupation’ with medical specialty protection language.
o   Such a definition means that, because of a sickness …