ICMS Announces Malpractice Insurance
FOR IMMEDIATE RELEASE
International Cell Medicine Society to Provide Line of Malpractice Insurance
PORTLAND, OREGON - Wednesday, December 14, 2011. The International Cellular Medicine Society (ICMS), a professional medical association dedicated to the advancement of cell-based therapies through standards, peer oversight and physician education, announced an agreement with Medical Protective (Med Pro) to provide a line of professional liability coverage for ICMS members providing cell-based therapies.
“This is the first line of malpractice coverage to be offered to stem cell physicians,” says David Audley, Executive Director and CEO of the ICMS. “It is an important benefit for ICMS members, and a critical step in advancing the credibility of the field and availability of the treatments.”
While the specific coverage details of the program are not yet finalized, the malpractice insurance will be made available to qualified ICMS members in 2012. The program reflects the Society’s commitment to patient safety and is based upon the standards for clinical practice, patient safety and data collection of the ICMS. To qualify physicians will have to:
1. Be members of the International Cellular Medicine Society,
2. Participate in the clinic accreditation program of the ICMS, and
3. Place patients into a 3rd party Treatment Registry to have their outcomes tracked.
The professional liability insurance will be available only for adult, autologous (patient donated) platelet rich plasma (PRP) and other same day cell therapies. The prevalence of these therapies has increased tremendously over the last 2 years as more and more patients seek out these innovative treatments for orthopedic and cosmetic conditions. “By working with Med Pro,” continues Audley, “The ICMS will be able to provide top quality coverage to qualified physicians. This is a win for physicians, for patients and the emerging field of cell-based therapies.”
ABOUT THE ICMS
The ICMS is a physician guided international 501(c)(3) nonprofit organization dedicated to patient safety and the protection of the practice of medicine and physician education through the production of global standards for the practice of cell based medicine. The society maintains two websites, www.cellmedicinesociety.org, focused on adult stem cell education and awareness for physicians and researchers and www.stemcellwatch.com, a portal for patient education and information about therapies provided at stem cells clinics around the world.