NEW YORK, Dec. 12, 2012 /PRNewswire-iReach/ -- MedTech For Solutions, Inc. and the Sallop Insurance Agency, Inc. today announced a new coverage designed specifically for Assisted Reproductive Technology (ART) practices and laboratories called CryoProtect. The coverage specifically addresses risks associated with embryos, Oocytes and sperm in storage at an ART practice or IVF laboratory. Sallop Vice President, Gina Matarazzo says, "The CryoProtect coverage is designed to protect against the damage or destruction of embryos caused by many uncontrollable external events such as a fire. Many physicians don't realize that this key coverage may not be included in their current insurance program. CryoProtect is an excellent complement to the Facility and Physician Liability Coverage we already provide to the reproductive technology industry." Ms. Matarazzo further states that it is, "….reasonably priced and underwritten by a carrier with an A+ (Excellent) A.M. Best rating."
CryoProtect will be available through Sallop's exclusive agreement with MedTech For Solutions (MedTech), a New York based company that offers specialty group purchasing, laboratory and business services to ART/IVF practices. The MedTech's Group Purchasing Organization (GPO) has over 350 members which include more than 180 ART/IVF practices.
The MedTech GPO enables practices to recognize significant savings on all medical, laboratory, capital equipment and office purchasing needs. MedTech's CEO, Dwight Ryan, said, "MedTech is dedicated to creating solutions to satisfy the needs of our GPO member practices at significant saving. This new coverage finally fills a major gap in coverage for the ART practice and IVF laboratory to provide that added safety net for their stored embryos, Oocytes and sperm and we are delighted to offer this to our GPO members through our relationship with Sallop".
"This new coverage is a very exciting addition for todays IVF Laboratory" says Kathy Miller, MedTech's Vice-President of Laboratory Solutions. "No matter all the safety precautions we build into our IVF labs, one cannot guard against factors totally beyond its control. The CryoProtect coverage is designed to protect against liability caused by these external events."
For more information about CryoProtect call MedTech at 866-634-9144, ext 404.
About MedTech For Solutions, Inc.
MedTech For Solutions offers a full range of services to specialty medical practices, with emphasis on ART/IVF practices and laboratories. The MedTech For Solutions Group Purchasing Organization (GPO) provides practices significant savings for all medical, pharmacy, laboratory, capital equipment and office purchasing needs. There is no cost to join the GPO. MedTech's Laboratory Solutions consulting division is dedicated to working with practices in the building of new laboratories and the improvement of clinical outcomes of existing facilities by establishing and implementing state-of-the-art embryology practices and optimizing ART/IVF laboratory operations. Additionally, MedTech offers practice development, recruitment and risk management services. For information about our other services please visit www.medtech4solutions.com.
About Sallop Insurance Agency
For more than 50 years, Sallop Insurance Agency has been developing a sub-specialty of risk mitigation and underwriting expertise. Through education and attention to the changing political and legal environment of many complex industries, Sallop has influenced insurance practices in the healthcare and real estate industries. This industry focus has culminated in Sallop's ability to provide the comprehensive coverage, pricing, terms, and conditions in the marketplace today. For more information visit www.sallop.com
SOURCE MedTech For Solutions, Inc.