Medical malpractice insurance is a major expense for physicians in private practice. Naturally, it makes sense to manage this expense to increase profit for your practice. Though if you are a physician or practice manager who has doubted the quality of an insurance company based on the lower premiums they
Claims-made policies are the most common type of policy issued today. These policies allow insurance companies to issue more accurate rates, usually at a lower cost to the physician, based on the amount of exposure the insurer is covering. At one point, occurrence policies were the norm. However, as malpractice
Choosing the best fit for your Medical Malpractice Insurance coverage is one of the most important decisions that a Physician will make for his/her medical practice. There are many options available and they can vary greatly in policy coverage, form, and premium from Carrier to Carrier and State to State.
Very often I am asked by physicians, office managers, hospital administrators, and group representatives, “How can I lower my premium?” It also regularly surprises me how many of these people are not taking full advantage of the available discounts. Most already know about the claims free discounts and group discounts.
The Affordable Care Act of 2011 has changed the conventional model of healthcare delivery and payments in an effort to meet the “triple aim” of the IHI goals: Improve the general health of the defined population, enhance the patient care experience, and reduce the per-capita cost of care. Although the
The 2015 Medical Malpractice Payout Analysis has been released and is available here. As a service to our clients and all physicians nation-wide, Diederich Healthcare has done an analysis of the medical malpractice payouts in 2012 as recorded by the National Practitioner Data Bank. Taking the data from the NPDB’s
On January 18th, 2013, the Department of Health and Human Services released their final ruling on modifications to the HIPAA Privacy, Security, Enforcement, and Breach Notification Rules. These rulings will affect the way in which an individual’s health information is shared and will identify the consequences when there has been
This article is part of a series: Part 2 Part 3 Medical practices and the delivery of healthcare are adapting to accommodate current and imminent changes in the patient population, the health coverage available to the patient population, and reimbursement models resulting from the Affordable Care Act (ACA). The
With the New Year quickly approaching, many patients will need to make resolutions to lose weight, be more health conscious, and even initiate a workout program based their physician’s recommendation. And recommendations of life style changes to patients more or less falls in line with death and taxes. It is
Will a Low Risk Medical Specialty career choice lower your chance of being involved in a malpractice claim? The obvious answer is yes. The question is by how much. A study by the New Journal of Medicine (August 2011) found there to be a great deviation. In the sample pool