The calculation of premiums for medical malpractice insurance has many facets that contribute to the bottom line cost to the physician. But did you realize that medical malpractice insurance cases, even when they are not taken to settlement can be costly to an insurer? One of the many variables of premium calculation is the doctors medical malpractice
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Physicians Medical Malpractice Insurance Financials
One of the most crucial measures and considerations of selecting a new medical malpractice insurance carrier is financial strength and long term viability. One of the things that the financial crises of 2008 reminded us of is that even the biggest companies are vulnerable to financial catastrophe. There are many outside entities and measures, such as A.M.
READ MOREAnesthesiologists – Importance of Medical Malpractice Insurance
Recently, I was with a family member in St. Johns Hospital in St. Louis, MO as she was being prepped for surgery. A young doctor walked into the room whose confidence and outgoingness prompted me to immediately peg him as a “Type A Personality.” After a few minutes of small talk, he hooked my family member up
READ MOREKeeping Great Staff is Not All About Pay
We all worry about paying medical staff employees fairly. But let’s face it; there’s always a higher paying job out there somewhere. It is critical to make sure your physician medical practice is competitive in the marketplace in terms of pay and benefits, but focusing on the small things could make all the difference in
READ MOREHow to Prepare for Your Physician Malpractice Insurance Renewal
60 Days Before Renewal Request loss run reports or claims history reports from all previous medical liability insurance carriers for at least the last 5 to 10 years. Note: This should be done even if you have never been sued or filed a malpractice claim as proof that you have never had a claim.. Gather copies
READ MOREUrgent Care Centers Medical Malpractice Insurance
Urgent Care Centers are a rapidly expanding part of America’s health care equation. The first Urgent Care Center popped up in the US in the 1970’s and since then, have become widely popular all over the country. With more than 10,000 domestic Urgent Care/Walk In Clinics, patients have a simpler, more accessible venue for their
READ MOREChoosing the Right Medical Malpractice Insurance Company
Physicians understand the importance of choosing the right medical malpractice insurance carrier, but they often don’t know where to start. Of course you want to save money on premiums, but the medical liability insurance policy is much more than just a certificate of insurance to get you credentialed at the local hospital or medical center.
READ MOREThe Economy and Plastic Surgery
As the economy recovers and grows, the amount of surgeries for plastic surgery increases. Payment plans with plastic surgery and the economy slowly are picking back up, leading men and women finding more reasons to have plastic surgery procedures. Last year, there were over 13 million cosmetic procedures performed in the country, up five percent from
READ MOREFinding Medical Malpractice Insurance for Physicians, Hospitals & Clinics
Many doctors find it is somewhat difficult to find a medical liability insurance broker who is an expert in medical professional liability insurance and who devotes their days to the placement of medical malpractice risks. In this business it is continuous hard work to keep our physicians and surgeons interests ahead of our own, and
READ MOREStatute of Limitations and Your Medical Malpractice Insurance
Physicians often wonder if they should continue to pay for full prior acts coverage going back more than a couple of years. The statute of limitations for a medical malpractice claim in most states is two years from time of discovery. If the statute of limitations has run out, they reason, why pay for medical
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