Recently, MagMutual, a medical liability insurance company governed by the Medical Association of Georgia, has invested $50 million dollars in new patient safety initiatives. The investment came as a result of a net gain in MagMutual’s profits resulting from an overall reduction in claim activity against its insured’s since 2005.
As a result of an increased number of lawsuits involving medical malpractice due to poor risk management practices, many professional liability carriers are now offering multiple opportunities for physicians to learn best practices while also earning credits toward their premium. The training focuses on quality assurance through identifying risk, minimizing
In addition to full-time physicians, many group practices employ physicians that work part-time. When this is the case, arranging a slot policy for those physicians may be the most convenient and cost effective route. The way slot coverage works is on a “full-time equivalency” (FTE) basis. This means that the
An experienced malpractice agent has access to multiple carriers – giving you multiple options and can save you a lot of money. A good, experienced malpractice insurance agent will provide you with all of your available options at renewal every year along with his/her recommendations. An experienced malpractice agent works
An experienced malpractice agent has access to multiple carriers – giving you multiple options and can save you a lot of money. A good, experienced malpractice insurance agent will provide you with all of your available options at renewal every year along with his/her recommendations. An experienced malpractice agent works
Do you ever feel like your malpractice insurance policy overcharges for part-time medical providers sharing patients and hours with another provider? Many group practices employ both full-time and part-time physicians. When this is the case, arranging a slot policy for those physicians may be the most convenient and cost effective
Remaining independent and complying with the Affordable Care Act (signed into law in March of 2012), is difficult while possible for independent and small group practices. However, given the difficulties, a large percentage of currently practicing physicians and medical practices have moved to an employee arrangement. Further, approximately 75% of
Following great feedback from our 2014 Medical Malpractice Payout Analysis, we are proud to be releasing a payout analysis specific to New Jersey.
Undoubtedly, one of the largest issues facing physicians today is the Patient Protection and Affordable Care Act, otherwise known as the ACA. The bill, which was passed on March 23rd, 2010, outlined comprehensive health care reform initiatives that will eventually change the landscape of physician practice as we currently know
Multiple studies have revealed a disparity of the perceived effectiveness of communication from the standpoint of the physician and from that of the patient. The manner in which a physician communicates health information to a patient is often as important as the information itself. In a recent survey of patients