Page 15 - Delaware Medical Journal - May/June 2019

MSD COUNCIL

provided by Prayus T. Tailor, MD. It was noted that the annual audit was performed and a clean report was given. The 2019 budget is balanced with a surplus projected, which includes a grant provided from the Delaware Foundation for Medical Services, Ltd. The Treasurer’s Report also included the status of membership, showing a decrease in paid members compared to the same time in 2018.
Through the recommendation of the Budget and Finance Committee, a Task Force was formed to review revenues and expenses of the Society, with
the goal of developing other revenue sources to help in achieving balanced budgets in the future. Membership dues revenue comprises a sizable portion
of the Society’s revenues; however, membership has been declining.
The Task Force will look at MSD’s subsidiaries as ways to increase revenues with the products and services available. Membership will continue to support the Society’s goals and develop other revenue-generating activities. A goal has been established to achieve
a net increase of 50 new members in 2019. Dr. Tailor indicated membership has a dual path in retaining current membership while also bringing in new members. He noted that the most effective way to achieve this is for members to talk to their colleagues about the important work MSD does on their behalf.
MSD will look to increase sponsorships with organizations. He mentioned that expenses associated with the Annual Meeting and Inaugural Gala activities have been decreased. Revenue streams through initiatives, such as the electronic prior authorization project and the MedNet/ HealthEC partnership, are anticipated to bring increased value to members. An annual planned giving program is anticipated to be launched in 2019. A
Robert J. Varipapa, MD introduces his resolution, “MSD Support of Physician-Assisted Suicide/Medical Aid in Dying,” to the Council.
MSD member Neil S. Kaye, MD provides testimony for Council consideration.
five-year strategic plan was outlined in 2015, and many of these ideas mirror the strategic planning tactics. The Treasurer’s report was filed.
ADVOCACY UPDATE
Richard W. Henderson, MD, Chair of the MSD Government Affairs Committee, provided the Advocacy Report by touching on legislative activities affecting insurance, public
health, mental health, opiates, primary

Dr. Henderson spoke to: regulating prior authorization and pushing technology- based solutions to address the burdens of the process; step therapy; regulating and reinsurance program for the marketplace that adds another layer of insurance over the most costly patients; codifying ACA protections within Delaware state code; raising the minimum age for the purchase
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