Washington, D.C. ~ November 7-9, 2007
2007 International 2007 International ConferenceConference
Beat the Clock! Beat the Clock! New Hopes and Risks in New Hopes and Risks in
Anti-Aging MedicineAnti-Aging Medicine
Beat The Clock! Beat The Clock! Panel MembersPanel 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
Good MorningGood Morning
The goal for this morning is to better understand the fastest growing
segment in the healthcare arena…
Medi-Spas
Origin of Medi-SpasOrigin of Medi-Spas
5 years ago Medi-Spas were
unheard of…
Today, it is the new Starbucks…
there is one on every corner
BOTOX BabeBOTOX Babe
Types of Medi-SpasTypes of Medi-Spas
There are 3 basic categories of Medi-Spas:
1. Aesthetics / Cosmetic SpasBotox InjectionsDermal Fillers / CreamsLasersChemical Peels and MicrodermabrasionCellulite TreatmentsContour threadlifts
Types of Medi-SpasTypes of Medi-Spas(cont’d)(cont’d)
2. Wellness/Preventative Medicine SpasHealthy Aging
Stress Management Smoking CessationWeight ManagementDisease ScreeningExerciseImmunizations
Types of Medi-SpasTypes of Medi-Spas(cont’d)(cont’d)
3. Anti-Aging/Alternative Medicine
Nutritional Supplements
Ayurvedic Therapies
Biomagnetic Therapy
Acupuncture
Underwriting the RiskUnderwriting 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?
Underwriting the RiskUnderwriting the Risk(cont’d)(cont’d)
Claims View When Underwriting• Documentation• What types of procedures? • Who performs them?• How are they credentialed?
Prospective Insureds & the Prospective Insureds & the PL Marketplace PL Marketplace
• Who are the prospective Insureds?
• Overview of the Professional Liability marketplace for these accounts
What is a viable What is a viable Medi-Spa Account?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
Claims PerspectivesClaims Perspectives
• What types of claims are Medi-Spas generating? Burns Hyperpigmentation To the extreme: Death Cases
Just a Fad, Just a Fad, or or
Here to Stay??Here to Stay??
What’s the future? Crystal ball time
Market saturation
Financial issues
Open ForumOpen Forum
What do YOU think?
Thank you for ComingThank you for Coming
Special “Thank You” to the
Panel Members
Who participated today
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