MDAdvantage Insurance Company of New Jersey

MDAdvantage is a medical malpractice insurance carrier built by physicians, for physicians. MDAdvantage’s primary focus is to deliver medical professional liability insurance products based on sound financial and market strategies. MDAdvantage provides a full range of services to help reduce their NJ physician insureds liability exposure. Their comprehensive risk-management program includes CME-accredited seminars and workshops, home study courses and on site practice assessments. MDAdvantage is a forward thinking carrier who will reward you with reduced premiums as you in turn reduce your risk. The MDA team of claim professionals has earned a reputation for their superior clinical and legal expertise.

October 24, 2012 A. M. Best, the nation’s most recognized insurance rating organization, assigned MDAdvantage an initial financial strength rating of, A- (Excellent) with a stable outlook.

Below, please find the discounts offered to MDA Insureds

1. Electronic Medical Records 3%
2. Electronic Prescription Writer2%
3. Education Credits3%
4. Completion of Self Assessment3%
5. Participation in a Practice Assessmentup up to 3.5%

New Practice discounts are as follows:

1. Year 1 75%
2. Year 2 20%
3. Year 3 10%

 

Specialty Specific discounts are as follows:

OBGYN:

1. CALM Shoulder Dystocia Screen 5%
2. Advanced Practice Strategies (APS) Fetal Monitoring 5%
3. Synergy Discount 5%

 

Radiology:

1. Computer Aided Detection 5%

 

Orthopedic Surgery:

1. New Jersey Orthopedic Society Purchasing Alliance 7.5% or 12.5% (spine or no spine)

 

Pediatrics:

1. Pediatric Purchasing Alliance 20%

 

Dermatology:

1. Dermatology Purchasing Alliance 25%