Medical malpractice premiums are on the rise. As we find ourselves in what experts define as a “hard market,” many providers are experiencing surging costs influenced by factors such as rising healthcare costs, sophisticated medical procedures, and an uptick in malpractice claims. With premiums on a steady climb, you might be wondering if there is
READ MOREMalpractice Insurance Coverage
The Role of Risk Management in Controlling Malpractice Insurance Costs
To deliver excellent healthcare and to control the risks of doing so, doctors and other healthcare providers need to develop risk management plans.In other words, what best practices can be implemented to protect patients from harm and to avoid costly medical malpractice insurance claims and legal action against providers?In this blog, we will investigate the
READ MOREThe Cost of Medical Malpractice Insurance: Factors that Impact Premiums
Why is a medical practice’s overhead so high? There are many expenses that must be considered, but medical malpractice insurance is one of the highest. The cost of medical malpractice insurance can be a significant financial burden for many physicians and groups, impacting their practice’s profitability and overall financial stability. There are many factors that
READ MOREWhy Do I Need Malpractice Insurance Coverage?
Did you know that approximately 19,000 medical malpractice cases occur in the U.S. every year? Regardless of how professionally you conduct your healthcare practice, it is still susceptible to false – or, in some cases, legitimate – patient claims, which is why having medical malpractice insurance is a necessity. Let’s talk about why it is
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