In the years leading up to 2014, malpractice insurance rates have steadily decreased. While many factors play into the cause of this premium decline, the effect is undeniable – Maryland physicians can now obtain comparable coverage at significantly lower rates. In Baltimore, the most expensive practice location in the state,
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 2013 as recorded by the National Practitioner Data Bank. Taking the data from the NPDB’s
Data compliance standards (HIPAA, HITECH and Gramm-Leach-Bliley Act) and the implementation of Electronic Health Records (EHR) requirements of the Affordable Care Act (ACA) require medical practices and healthcare organizations to not only utilize electronic data, but also ensure that the data is secure and methods are in place to report
This article is part of a series: Part 1 Part 2 All of the factors addressed in Parts 1 and 2 of this article… increased patient population, increase in coverage benefits, change in practice/healthcare delivery models, changes in reimbursement models …contribute to intensified and newly created Medical Professional Liability
This article is part of a series: Part 1 Part 3 Millions of additional insureds seeking healthcare from the same population of practicing physicians who are receiving ever-reducing reimbursement rates will cause physician practices to change rapidly and dramatically. The formation of Accountable Care Organizations (ACO) appears to be
As professional liability agents, one question we often are asked is, “how can I reduce my premium?” Although this question might appear simple, premiums are directly correlated to multiple factors, including practice profiles, policy types and features, physician background, and even market conditions. Diederich Healthcare employs a highly skilled staff
The scope and reach of physicians are expanding rapidly due to an increase in user-created content and online media in the digital age. Social media sites, such as Twitter and Facebook, internet-based applications, blogs, texting and emailing, media-sharing sites, and networking sites have all led to an increase in the
The New Jersey Department of Insurance has recently approved a newly admitted medical malpractice insurance carrier to provide coverage to New Jersey physicians effective immediately. Coverage for this admitted carrier is now offered through Diederich Healthcare and is designed to provide quality affordable coverage to physicians practicing in New Jersey. Although having
Diederich Healthcare’s Medical Malpractice Insurance Professionals have released an educational series directed at physicians nation-wide. This series of informational articles focuses on topics that are relevant to the medical malpractice insurance landscape today. The series has a broad scope, with the following articles being made available: Change in 2014 –
Uncertainty surrounding the Affordable Care Act and continuing changes in the delivery of healthcare are of significant concern for physicians. Doctors across the country are examining the healthcare environment and taking steps to prepare for the impact that this anticipated change will have on their practices. As a result, many