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

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

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

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

  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(cont’d) 2. Wellness/Preventative Medicine Spas Healthy Aging Stress Management Smoking Cessation Weight Management Disease Screening Exercise Immunizations

  8. Types of Medi-Spas(cont’d) 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(cont’d) • 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?? What’s 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

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