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Beat The Clock! Panel Members. MODERATOR: Ron Rumin, Vice President Worldwide FacilitiesCynthia Hine, Vice President Hylant GroupNancy Huddlestun, AVP
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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(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