MPM applies the benefits of a unique business model to promote pro-physician values. Physicians have greatly benefited from the market competition initiated by our formation in 2003, and our rapid capture of Missouri’s dominant market share. Our growth has placed competitive price and efficiency pressures on publicly owned, for-profit companies as well as other insurers in the state. Through it all, MPM has remained both actuarially sound and financially viable. In fact, as of the close of the 2006 fiscal year, we maintained more than $66 million in assets.
Our physician members are the basis of our company’s strengtha unique business proposition that gives the physicians the opportunity to have an active voice in protecting themselves against liabilities. To further enhance the organization, we contract with a “best in class” cadre of experts in other professional fields, including accounting, actuarial, legal, sales, and marketing services. In addition to capturing special expertise on an as-needed basis, this grouping of proven professionals helps us to control MPM staff size, overhead, and management expenses. This allows us to focus our time and financial assets on the most important part of our business – our physician members.