More than a Promise,

We’re Bonded

More than a Promise,

We’re Bonded

ULIS offers a unique program transforming promises into protection. We offer a bond program that warranties the success of each qualified Vasectomy procedures, giving both Patient and Doctor peace of mind.

What’s the benefit?

Performance bonds are trusted and proven insurance products used to establish faith and trust between the issuer and beneficiary. For a medical procedure a performance bond is a financial assurance that if a procedure does not go as planned (e.g. complications or failure to achieve the intended outcome), the patient will be protected from additional costs or harm. Unlike malpractice insurance (which compensates after litigation for negligence), a performance bond is a proactive guarantee backing the procedure’s success.

Patient Benefits

  • Financial protection and compensation: Patients are shielded from paying for corrective surgeries or treatments needed due to an unsuccessful vasectomy procedure. Traditional health plans often exclude assistance toward corrective procedures or compensation due to complications, so this bond fills that gap, ensuring the patient isn’t left with the burden of corrective care costs or even feeling unhappy with the provider due to an unexpected outcome.
  • Peace of mind and confidence: Knowing a bond is in place provides patients with peace of mind to proceed with needed or desired procedures. They can focus on recovery without the stress of financial ruin if something goes wrong. This peace of mind can improve the overall patient experience and reduce anxiety associated with the vasectomy procedure. Patients gain trust that the provider stands behind their work and that any complication will be “taken care of” without hassle.
  • Assured follow-up care and better procedure outcomes: Knowing that follow-up care is guaranteed allows patients to report issues early and adhere to follow-up visits, improving the chances of a full recovery.

Provider Benefits

  • Enhanced Patient Trust and Confidence: Offering a complications bond signals to patients that the provider is confident in their quality of care. This builds trust and reduces anxiety for procedures like vasectomies, where patients may feel hesitant. Knowing their care is guaranteed provides peace of mind, improving the overall patient experience.
  • Market Advantage: Providers with a complications bond differentiate themselves in the market, as patients and referring physicians value the added security. This competitive edge can enhance ad campaigns, attract more patients, and increase referrals, boosting procedure volume for vasectomies.
  • Financial Protection and Reduced Liability: A third-party complications bond covers costs of corrective care, shielding providers from unpredictable expenses like revision surgeries. This stabilizes finances and allows providers to offer vasectomies without fear of costly complications. Patients, assured of covered care, are less likely to pursue malpractice lawsuits.
  • Better Compliance and Outcomes: Guaranteeing follow-up care encourages patients to report issues early and attend follow-up visits, improving recovery chances. Providers, incentivized by the bond, implement stricter protocols, reducing complications and enhancing patient health outcomes.

Cost and Coverage(s)

Premium:

  • One-time premium of $99.00 for each qualified vasectomy procedure is performed
  • Only vasectomy’s where, at a minimum, the technique of Ligation and Cautery, with or without Fascial Interposition qualify
  • Premium’s are earned on the day of procedure and paid monthly to Bond Provider
  • Summary of monthly qualified transactions are displayed in VBond CRM Dashboard

Bond Limits:

    • Each bond has a maximum limit (payout) of $12,500.00
    • Bond Limit is sub-categorized where the amount paid is limited to the type of claim:
      • $2500.00 maximum payout to the Doctor’s Office for unreimbursed expenses, including:
        1. Cost of the 2nd PVSA
        2. Cost to perform a follow-up Vasectomy procedure
      • $10,000.00 maximum payout to the Patient upon performance default (i.e. 2 failed PVSA exams which proves more than 100,000 non-motile sperm/mL are present) OR
    • $10,000.00 maximum payout to the Patient where they indicated their first PVSA was successful (i.e. less than 100,000 non-motile sperm/mL are present, conception was achieved after a successful first PVSA exam and conception occurred during the bond term (see bond contract for further details).

How It Works

How the Bond Process Works:

Step 1. ‘Dr.’s Office registers each Qualified Vasectomy inputting key information: like Date of Procedure and first PVSA exam.

Step 2. Dr.’s Office will send by email or text the Bond form and Conditions to Patient.

Step 3. Patient shall timely Review all Bond Conditions, Acknowledge and Sign Bond digitally.

Step 4. Dr.’s Office shall monitor to ensure timely return of Bond Form (in VBond CRM Dashboard) by prompting Patient to Sign and Acknowledge Bond within 5 days of procedure.

Step 5. Dr.’s Office shall enter the results of the first PVSA exam.

Step 6. Successful PVSA closes the bond obligation.

Step 7. If Necessary. The Failed first PVSA exam requires the Scheduling and Conducting a second PVSA. Dr.’s Office shall input those dates along with results, actions taken and unreimbursed costs (with documents) in the VBond CRM Dashboard. THIS CREATES A CLAIM.

How the Bond Claims Process Works:

Step 1. ‘Dr.’s Office submits actions taken and unreimbursed costs (with documents) in the VBond CRM Dashboard under the 2nd PVSA exam Actions icon. Make sure to include invoices or charges of all unreimbursed costs).

Step 2. Upon submission of Claims costs and documents, a USIG Claims Adjuster will be assigned to the claim.

Step 3. Claims shall be timely reviewed and all that are approved will be submitted for payment. Payments shall be made in accordance to the Bond and Bond Program. Doctor’s reimbursement will be sent to the office of record where Patient default payments shall be sent to them directly.

Step 4. Monitor the progress of each Claim on the VBond CRM Dashboard.