Overview
The Doctors Company is the United States' largest physician-owned medical malpractice insurer, reflecting its deep-rooted trust among healthcare professionals. Established during the 1970s California medical malpractice insurance crisis, the company has evolved to protect over 90,000 healthcare professionals through comprehensive risk management solutions. Headquartered in Napa, California, the company is financially robust, boasting an asset valuation of $7.3 billion and an “A” (Excellent) financial rating.
Leadership
- Richard E. Anderson, MD, FACP: Chairman and CEO, Dr. Anderson is an accomplished oncologist and former chairman of Scripps Memorial Hospital's Department of Medicine. He is active in medical malpractice and patient safety discussions.
- James P. Bagian, MD: Serving on the Board of Governors, Dr. Bagian is also the director of the Center for Risk Analysis Informed Decision Engineering at the University of Michigan. With prior experience at NASA and the Department of Veterans Affairs, he is a leader in patient safety initiatives.
- Steven J. Bensinger, CPA: A Senior Advisor at Howden Group, Bensinger brings management expertise from multiple roles in the insurance industry, including as CFO, which informs his contributions to The Doctors Company's financial governance.
- Eugene M. Bullis, CPA: Lead Director on the Board of Governors, Bullis leverages four decades of financial expertise to guide audit and financial risk strategies.
- Daniel Kent Cassavar, MD, MBA, FACC: As Medical Director, Dr. Cassavar brings rich healthcare expertise, previously holding leadership positions in cardiology at ProMedica Physicians.
- Megan Mahoney, MD, MBA: A board member, Dr. Mahoney is a Professor and Chair at UCSF, focusing her efforts on primary care enhancements and innovations from her experience at Stanford Health Care.
- Grace Vandecruze, MBA, CPA: Founder and Managing Director of Grace Global Capital LLC, Vandecruze excels in M&A advisory and financial restructuring, pivotal to board decisions.
- Ellen H. Masterson, MBA, CPA: An independent director known for her financial acumen honed at PricewaterhouseCoopers and in executive roles.
- Robert M. Wachter, MD: As a board member, Dr. Wachter leads patient safety strategies and is a digital health expert, serving as Chair at UCSF's Department of Medicine.
- William C. Rupp, MD: Former CEO of the Mayo Clinic in Florida, Dr. Rupp enriches the board with significant clinical and executive experience in hematology and oncology.
Services and Solutions
The Doctors Company offers a diverse suite of insurance solutions, including malpractice insurance for physicians, surgeons, dentists, advanced practice clinicians, and hospitals. It champions risk management by providing patient safety resources, advocacy, and community investment through The Doctors Company Foundation. Notable programs include:
- The Tribute Plan: Provides loyalty incentives for long-standing members.
- MediGuard PLUS: An enhanced coverage solution for complex risks in healthcare.
- INSIGHT Programs: Facilitate self-guided risk management and assessments.
- AI in Healthcare Initiatives: Engages in discourse about AI implications and safety in medicine.
Key Competitors
1. MedPro Group: Owned by Berkshire Hathaway, MedPro Group holds an “A++” (Superior) rating and is prominent in states like New York, Ohio, and Texas.
2. Coverys: Recognized for its market position in Michigan, Rhode Island, and North Dakota, Coverys maintains an “A” (Excellent) rating.
3. ProAssurance Group: Based in Birmingham, Alabama, offering comprehensive healthcare liability solutions, with an “A” (Excellent) rating and approximately $4.8 billion in assets.
4. ISMIE: Catering to all 50 states, ISMIE has an “A-” (Excellent) rating with substantial influence in Illinois.
5. Curi: As a rebranded entity of the Medical Mutual Insurance Company of North Carolina, Curi covers 45 states and holds an “A” (Excellent) rating.
Market Position and Strategy
The Doctors Company reinforces its market leadership through strategic initiatives:
- Tribute Plan Loyalty Program: Rewards long-term members, enhancing client loyalty.
- Strategic Acquisitions: Expanded market influence with acquisitions like FOJP and Hospital Insurance Company (HIC) in 2019.
- Geographic Stronghold: Dominance in malpractice insurance markets in California, Florida, and Virginia ensures a strong market position.
Contact Information
Address: The Doctors Company, 185 Greenwood Road, Napa, CA 94558
Phone: (800) 421-2368, Monday–Friday, 5:00 AM to 5:00 PM (Pacific Time)
