News & Insights

New for Practice Managers and Practice Staff: Risk Management Credit Balance Report

January 22, 2020

New for Practice Managers and Practice Staff: Risk Management Credit Balance Report

There is a new feature on LAMMICO’s website available for practice managers and staff. After logging in as a Member on lammico.com, practice managers can access a report of their insured providers’ Risk Management (RM) Credit Balance that shows how many credits for the Risk Management Premium Discount Program have been earned during a policy period. 

By providing this information to practice staff, we hope it helps you to assist your providers in managing and earning their RM Credits to qualify for the discount each policy year. 

Finding Your Providers’ Risk Management Credit Balance Report:  

  • To see how many RM Credits each of your providers has earned for their policy period, log in as a Member at lammico.com
  • Once logged in, select the MY ACCOUNT blue button. 
  • From the MY ACCOUNT page, select the RM CREDITS REPORT blue button. 
  • A report will quickly generate. The “RM Credit Balance” and the “RM Premium Discount Applied?” columns are updated every hour from 8 a.m. to 3 a.m.

LAMMICO Risk Management Premium Discount Program

The Risk Management Premium Discount Credit is a 10%, per-provider discount to the basic limits portion of the LAMMICO premium. LAMMICO policyholders must earn a total of two Risk Management (RM) Credits annually to qualify for the discount. 

Insureds may earn credits by attending LAMMICO’s live Risk Management lectures (one credit each), participating in some of LAMMICO’s webinars, and/or by completing online courses on Medical Interactive Community (MI). 

Insureds must complete courses at least 60 days before the first day of their renewal month to allow the discount to be applied. You can find the annual renewal date by looking at your current certificate of insurance or policy declarations page. To obtain the RM Discount Credit, LAMMICO only accepts RM courses that we present or those that we pre-approve. 

For more information, please contact the Risk Management and Patient Safety Department at 504.841.5211 or 800.452.2120.

This content is accurate as of January 22, 2020. 

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