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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California Does Have Options for Alternative Ways to Generate Revenue
While many of the physicians and surgeons of California are facing difficult economic times for their practices, like the rest of the country, they are constantly looking for avenues to make their medical practice more profitable. These physicians are looking towards alternative types of “medical” care that generate revenues but their search ends when many
READ MOREMissouri Medical Malpractice Market – An Overview
“A good time to be buying coverage…” is a statement I often hear in the halls as I walk through the office. Missouri physician’s have been financially benefiting from a general “soft market” in medical malpractice insurance for the last few years, with many carriers, both long term and new to the market competing for new
READ MORERising Cost of OB/GYN Medical Malpractice Insurance
The cost of OB/GYN medical malpractice insurance is rising rapidly with every passing year. Medical malpractice premiums have many factors that go into determining the premium; specialty, risk, location, part time, full time, and existing claims. But, one factor always stays the same – medical malpractice insurance for OB/GYN physicians will always have expensive premiums. OB/GYN physicians also
READ MOREA Synopsis of the Claims-Made Medical Malpractice Insurance Policy
Medical malpractice insurance jargon can be quite onerous for an individual who hasn’t spent his or her career learning the language of medical professional liability coverage. Consider the following phrases; retroactive date, mature premium, first year premium, tail coverage, nose coverage and extended reporting period. It’s probable that you have heard these used but you
READ MOREThe Looming Staffing Crisis in EHR
As many physicians know, the federal government is spending nearly $20 billion in the next five years to promote and encourage the adoption of electronic health records (EHR) in physician offices. If you think about the overall medical software environment, it’s easy to understand why the job will be easier said than done. Roughly twenty
READ MOREVicarious Liability – How it Affects Your Medical Malpractice Insurance
In general terms, Vicarious Liability is liability one incurs on behalf of someone else’s acts. Specifically in regard to physician and surgeons medical practices, if you are a single physician with no employees and handle 100% of all patient contact by yourself, then the topic of vicarious liability likely does not apply to you.
READ MOREA Projected U.S. Physician Shortage
There is a great deal of talk in the news and in the healthcare field regarding a possible shortage of physicians and surgeons in the U.S. in the coming years. According to many, the new healthcare reform plan that President Obama initiated and signed is partially to blame. The Association of American Medical Colleges (AAMC) estimates that
READ MOREHow Deductibles Are Structured On Medical Malpractice Insurance Policies
Many insurance carriers offer deductibles on medical malpractice insurance policies in today’s market. Many doctors may not realize that there is more to a deductible than just the dollar amount. Many policies do not carry a deductible, but it is almost always an option. Generally speaking deductibles can be $2,500, $5,000, $10,000 or even more. Deductibles on
READ MORE2011 is Here – It is Time to Review Your Medical Malpractice Insurance Coverage
This is a phrase I find myself using on a regular basis as I go through my daily life. Does it apply to your practice? Many of the physicians that I meet proudly proclaim that they “have coverage” and are “happy with their broker.” The one response or question that I have for them is
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