Whether carrying medical malpractice insurance on your own as a private practice physician or as an employee of a group or hospital, tail coverage should be a top priority when considering any changes to your coverage. The topic of tail malpractice insurance coverage typically raises a few commonly asked questions from physicians: What is tail coverage? How many years
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The Vicarious Liability of Physician Malpractice – Am I Responsible?
Could you or your business be held liable for someone else’s medical error or omission? Short Answer: Yes. This is called vicarious liability. What follows is an explanation of how you could be found vicariously liable for someone elses’s wrongdoing whether or not you have knowledge of the act and how you can ensure your protection against these often
READ MOREConsidering the Opportunity of Employment?
As an independent broker and advocate for the interests of the physicians I serve, the growing trend of hospital and health system employment is concerning and sad. With well over 20 years of being in the medical malpractice insurance business, I have witnessed this cycle repeat itself probably three times or more, usually with the same outcome. After years of
READ MOREFilling a Gap in the Pennsylvania Medical Malpractice Insurance Market
Don’t Get Stuck Between the Proverbial Rock & An Expensive Place Legislation mandates that a doctor must have continuous Pennsylvania medical malpractice insurance coverage in order to maintain an active license in the state of Pennsylvania. One of the main reasons for this is the state’s Mcare fund. The Mcare fund provides a portion of a physician’s
READ MORECoexistence of Risk Retention Groups and Admitted Carriers in New York
Part 1: Thoughts on the Types of Med Mal Carriers for an Introspective Insured If you have spent any time dealing with medical malpractice insurance in New York state, you know two things: First, New York is home to some of the most obscenely expensive medical professional liability insurance in the country. Second, there is a politically charged, financially
READ MORERecognizing Breast Cancer Awareness Month
At a time when we are used to seeing red and yellow leaves falling and orange pumpkins sitting on front porches, it seems we are seeing more pink than any other Fall color this year. That’s because October is National Breast Cancer Awareness Month in the U.S. and also internationally. This is the time of
READ MORENational Practitioner Data Bank Removed from Public View
Should information about a physician’s medical malpractice claims and disciplinary actions be made public? You would think that the answer is a simple, yes, of course, but the question is being hotly debated right now in the news media. The controversy began when the Health Resources and Services Administration (HRSA) removed the National Practitioner Data Bank’s (NPDB) public use
READ MOREDon’t Sign That Contract
The number of physicians giving up their private practices and going to work for hospitals and healthcare systems is alarming. The truth is that many of these physicians make the decision without consulting their medical malpractice insurance broker. Before signing anything, a doctor should read all the fine print, speak to their broker, and get their attorney
READ MOREHow is the EMR Purchase Coming?
Over the years, I have seen significant decision in practice management come and go, some being made by exhaustive research and others through simply avoiding the decision hoping it would pass then make itself. Remember Y2K, electronic billing, even your first purchase of practice management software? I recently sat through a live risk management seminar put
READ MOREThe Medical Malpractice Debate is Deadlocked over Accountability Issues
The recent Congressional debate related to the nation’s debt ceiling was reminiscent of the furor over skyrocketing medical malpractice premiums and the need for some type of “ceiling” to cap costs and remove accountability entirely from the process. As with any complex problem, if there were a simple solution, then it would have been implemented
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