Captive Insurance for Healthcare Providers: What Every Physician Needs to Know

As our healthcare system and its rules and regulations rapidly evolve, physicians face the difficult task of providing outstanding patient care while managing multiple risks in their daily operations, including loss of a professional license, HIPPA violations, physicians’ regulatory defense costs, excess medical malpractice defense cost reimbursement, Medicare audit, and adverse financial impacts of regulatory or legislative changes.

Establishing a Captive Insurance Company (CIC) can help small to mid-size practices more effectively manage such risks and control their insurance costs. A properly implemented Captive provides a number of advantages for physicians, including:

  • Greater Control over Claims
  • Increased Coverage
  • Increased Capacity
  • Underwriting Flexibility
  • Incentive for Loss Control
  • Reduced Insurance Costs
  • Capture Underwriting Profit
  • Improved Claims Review and Processing
  • Purchase Based on Need
  • Additional Profit Center

Please join Kevin E. Myers, Certified Public Accountant and Tax Advisor of Oxford Risk Management Group, for an informational seminar and networking event about the benefits of Captive Insurance for physicians. Kevin will provide expert advice about how implementing a CIC can help you and your practice manage risk and protect assets.

About Your Presenter:

Kevin E. Myers is the internal Certified Public Accountant and Tax Advisor for Oxford Risk Management Group and Affiliates. Kevin has extensive experience in structuring captive insurance companies with respect to Internal Revenue Code Section 831(b) and related tax compliance and research for corporate, individual, and non-profit clients. He also has performed tax research for corporate and individual income tax examinations and appeals cases.

Kevin has been an active participant in numerous due diligence engagements which required a tax opinion on a variety of issues. Kevin has represented clients under audit with the Internal Revenue Service, various state taxing authorities, and has successfully defended cases at the Appeals level of the Internal Revenue Services. Kevin’s vast research and compliance background make him uniquely suited to help advisors work through the due diligence process. Kevin is a member of the American Institute of Certified Public Accountants and the Maryland Association of Certified Public Accountants. A graduate of the University of Maryland for his B.S. in Accounting and Georgetown University for his M.S. in Taxation, Kevin resides in West Ocean City, Maryland.

When:
October 28, 2014

Time:
5:00PM – 7:00PM Presentation and Q&A

Location:
CST Group Offices
10740 Parkridge Blvd.
5th Floor
Reston, VA 20191

 

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The information contained in the Knowledge Center is intended solely to provide general guidance on matters of interest for the personal use of the reader, who accepts full responsibility for its use. In no event will CST or its partners, employees or agents, be liable to you or anyone else for any decision made or action taken in reliance on the information in this Knowledge Center or for any consequential, special or similar damages, even if advised of the possibility of such damages.