MGIS and Reliance Matrix Extend Specialized Disability Insurance to Advanced Practice Clinicians

Solution extends industry-leading protection to a growing segment in healthcare services.

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MGIS, a leading national insurance program manager that builds specialized insurance programs for doctors, and Reliance Matrix are extending their industry-leading disability insurance and specialty coverages to Advanced Practice Clinicians (APCs). APCs, such as nurse practitioners and physician assistants, are professionals with advanced education and specialized experience, and are trained and capable of performing many services a doctor typically provides.

“We’re extending our specialized disability insurance to APCs to keep pace with emerging market needs,” said Jeff Brunken, President of MGIS. “As the demand for APCs grows, so does their income. Additionally, the APC role is expanding to include direct patient care in many states. As a result, MGIS’s unique ‘actual procedures’ definition of disability will allow APCs to get the coverage they need to protect their growing specialized income.”

Medical care delivered by APCs now accounts for a quarter of all healthcare visits in the United States. The U.S. Bureau of Labor Statistics estimates that between 2019 and 2031, the number of nurse practitioners in the U.S. will increase by 80 percent and the number of physician assistants by nearly 50 percent (compared to a slower 5 percent growth rate for physicians).1

“We recognize the increasingly important value this emerging segment provides to patients,” said Dave Shaw, Chief Underwriting Officer at Reliance Matrix. “We’re excited about the opportunity to grow our shared program to better service the APC community. They provide a critical service and have helped to ease the doctor shortage that has become so apparent since the pandemic.”

MGIS announced its exclusive partnership in 2023 with Reliance Matrix. Together, MGIS and Reliance Matrix serve doctors in all practice settings and medical specialties. Marketed through independent brokers and agents, benefit solutions include Disability Guard for DoctorsTM, a unique long-term disability product blending the highly valued policy provisions of an individual product with the guaranteed issue and simplified administration of a group long-term disability plan, as well as short-term disability, group life and Accidental Death & Dismemberment plans. In addition, MGIS and Reliance Matrix have expanded their partnership with an integrated absence management solution for doctor group practices. ??

For more information, visit www.MGIS.com or contact your benefits consultant.

?1 A Fourth of U.S. Health Visits Now Delivered by Non-Physicians, Harvard Medical School, September 2023.

?About MGIS

MGIS is a leading national insurance program manager experienced in building and managing specialized insurance programs for doctors. MGIS partners with highly rated insurers and focuses on disability and life insurance for practices of all sizes, types, and medical specialties. Insurance policies managed by MGIS are backed by the underwriting companies of Reliance Matrix and Certain Underwriters at Lloyd’s, and are marketed exclusively through select brokers and insurance advisers. MGIS affiliated companies provide MGIS services: The MGIS Companies, Inc., Medical Group Insurance Services, Inc., and MGIS Underwriting Managers, Inc. (DBA as MGIS Professional Insurance Solutions in CA and MGIS Underwriting Agency in NY).