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Best Doctors history
Best Doctors company history timeline
By 1989, TDC had been authorized to offer its coverage in 37 states, and the company was well equipped to mobilize its forces for liability reform.
By 1990, TDC's Government Relations Department was exerting pressure for liability reform on both state and federal levels.
In 1994 Subway was nearing the 10,000 mark and DeLuca was determined to take on the world's largest fast-food chain, McDonald's Corporation.
1994: TDC launches the first federal Doctors' Political Action Committee (DOPAC).
By 1995 Subway had sales of nearly $2.6 billion and 11,420 locations.
1995: TDC formalizes its reinsurance functions by establishing a separate strategic business unit called TDCRe.
TDC's efforts to diversify proved visionary: by 1997, over 20 percent of TDC's premium revenue was coming from niche insurance markets outside the medical malpractice arena.
P.I.E.'s stated mission had been to sell liability insurance to doctors at cost, and the company was known for offering highly competitive prices, but by the end of 1997 its stability was jeopardized by a sharply diminished surplus due, in large part, to precipitous underwriting losses.
1997: TDC assumes responsibility for renewing policies formerly underwritten by then-collapsing P.I.E. Mutual Insurance Company of Ohio.
TDC launched a major effort to improve its technology beginning in 1998.
By the fall of 1998 Subway had more than 13,229 shops worldwide and made changes to both its marketing strategy and its menu.
Fogle's remarkable transformation made the college newspaper, the Indiana Daily Student, in April 1999, and both his and Subway's fortunes changed forever.
TDC got a similar business opportunity in 1999 when a Florida insurer, Caduceus Self Insurance Fund, Inc., announced that it did not have sufficient funds to pay its claims.
Fogle was brought on board as a spokesman in January 2000, the year of Subway's 35th anniversary.
At the end of 2000, with $500.1 million in reserves, $381.1 million in surplus, and $255 million in written premium, TDC was keeping these ratios well below regulatory standards.
After years of preparation, the company introduced a new computer system in 2000.
In 2000, The Doctors' Company joined a group of more than 30 medical societies and other malpractice carriers in forming a committee to examine liability issues related to online communication.
In 2001, the market for medical liability insurance was still plagued by tumult.
2001: TDC is the first national physician-owned and -operated insurance provider to celebrate its 25th anniversary.
By 2001 Subway had 15,000 stores, with sales reaching $4 billion and an estimated customer base expanding to more than 725 million.
In 2002 Subway wore its new title--as the nation's largest fast-food chain--proudly and decided to revamp its shops and image.
Subway planned to topple McDonald's by opening 950 shops annually until 2005, including new locations in India, Germany, and Scotland, and eventually to have Subway shops in every country in the world.
In 2020, Medical Advantage established a Diversity and Inclusion focus group.
As of December 2021, 69 percent of TDC Group employees were women, and 56 percent of management roles were held by women.
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Best Doctors competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| PerfectServe | 2000 | $42.0M | 332 | 7 |
| Prime Medical | - | $620,000 | 25 | 2 |
| American Physician Partners | - | $261.0M | 3,000 | - |
| Morris Heights Health Center | 1981 | $46.0M | 300 | 9 |
| Weiss Memorial Hospital | 1952 | $636.1M | 1,000 | - |
| American Board of Medical Specialties | 1933 | $5.2M | 50 | - |
| Springfield Clinic | 1939 | $280.0M | 1,530 | 106 |
| Atlanta Center for Reproductive Medicine | - | $7.5M | 77 | 9 |
| Alliance Medical Group | 1994 | $870,000 | 15 | - |
| Peak Vista CHC | 1971 | $76.0M | 564 | 83 |
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Zippia gives an in-depth look into the details of Best Doctors, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Best Doctors. The employee data is based on information from people who have self-reported their past or current employments at Best Doctors. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Best Doctors. The data presented on this page does not represent the view of Best Doctors and its employees or that of Zippia.
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