New risk solutions magazine for Arkansas clients: fall Brink focuses on long-term care

We are pleased to introduce our award winning, complimentary risk solutions magazine, Brink. You should have received a hard copy of Brink in the mail;  it was mailed to Arkansas Mutual insurance clients and agents  this week. Brink is provided by our parent company, Constellation.  If you did not receive a copy, and wish to, please contact the editor at Jane.Rodriguez@ConstellationMutual.com. Otherwise, click to see an online version here.

Included in this issue is a reader satisfaction survey. We’d love to hear your thoughts about Brink. To take the survey, fill out the business reply card found in your copy of the magazine, or visit MMICgroup.com/brinksurvey.

Thank you!

ARKANSAS MUTUAL TO JOIN CONSTELLATION

Partnership will broaden Arkansas Mutual’s access to capital, products and services

Little Rock — May 7, 2015 —Arkansas Mutual Insurance Company announced today that it will be joining Constellation, a mutual holding company, and its family of companies. Arkansas Mutual is a provider of medical professional liability insurance for physicians, located in Little Rock; it will be the third Constellation member company, joining MMIC and UMIA. The terms of the transaction were not disclosed.

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Sarah Franklin named the first recipient of the Arkansas Mutual Medical Student Award

Sarah Franklin of Gurdon, Ark., has been named the first recipient of the Arkansas Mutual Medical Student Award, a scholarship for third-year medical students at the University of Arkansas for Medical Sciences (UAMS) who want to practice primary care in rural Arkansas.

The $10,000 scholarship was funded by Arkansas Mutual Insurance Co. in partnership with UAMS College of Medicine to encourage more medical students to enter primary care fields such as family practice and general internal medicine and to practice in rural Arkansas where access to physicians is limited.

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CMS Launches Road to 10 Webcast Series, Fall 2014 NL

The Centers for Medicare & Medicaid Services (CMS) has released a new webcast introducing the “Road to 10” tool. Accessible through the “Road to 10” link on the CMS website. The webcast covers the history of the International Classification of Diseases (ICD) and the benefits of ICD-10. This is the first in the new “Road to 10” webcast series. Five more webcasts will follow—all aimed at helping small practices get ready for ICD-10 by the October 1, 2015, compliance date.

Also available now is a brief video introduction to the “Road to 10” tool. Developed in collaboration with physicians, the “Road to 10” tool offers:

  • Clinical documentation tips
  • Coding concepts
  • Clinical scenarios
  • Training calendar

Go to the CMS ICD-10 website at

http://www.cms.gov/Medicare/Coding/ICD10/ProviderResources.html to get started on the “Road to 10” today.

HIPAA Training Requirements, Spring 2014 NL

HIPAA was enacted to safeguard patient security and privacy. The act includes 2 key pieces: The Privacy Rule and the Security Rule. The Privacy Rule helps protect private patient information and the Security Rule standardizes security protocols for electronic health information. Covered groups, including health care providers must adhere
to all provisions, including training requirements. The Office of Civil Rights (OCR) oversees and enforces all
activities.

Training of your workforce is a requirement. I have divided this into four (4) training groups:

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Arkansas Takes Care of Its Own: A message from your CEO

April marks the 7th anniversary of the initial meetings regarding the creation of Arkansas Mutual Insurance  Company, the only single state medical professional liability company in Arkansas. After measuring interest from several dozen Arkansas physicians, on April 19, 2007, I met with the Friday firm attorney Mike Pickens, former two-term Arkansas insurance commissioner and past president of the National Association of Insurance Commissioners. This was followed by a meeting with UALR insurance Professor Lars Powell, PhD. Over the next year and a half I had countless meetings with physicians, attorneys, accountants, bankers, consultants, financial advisors, etc. The list of meetings that had to take place to form such a highly regulated company seemed endless.  But all these meetings had one thing in common: they were with Arkansans.

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