Insurance News

New tax strategy for attracting and retaining doctors in Hawaii

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Recently, the Hawaii Physician Workforce Assessment Project estimated that Hawaii is short over 700 full-time-equivalent physicians. The decline in the number of healthcare workers is not a new problem, though. Most recent factors contributing to the shortage include physicians retiring and long work hours and burnout. The greatest need is in primary care but there …

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California MICRA law - photo by 2102033

How Will MICRA Updates Affect Medical Professionals?

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Governor Gavin Newsom recently signed into law a bill that raised the amount of money a patient can receive for pain and suffering in a medical malpractice case. It has been over 40 years since the Medical Injury Compensation Reform Act was signed, setting the cap for suffering recompense at $250,000. The new assembly bill, AB …

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Hospitals are Not Making Cybersecurity a Priority

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“With new threat vectors emerging every day, healthcare organizations are facing an unprecedented level of challenges to their security,” said Azi Cohen, CEO of CyberMDX. “Hospitals have a lot at stake — from revenue loss, to reputational damage, and most importantly patient safety. Our new report provides a critical look into the current state of medical …

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Recent Ransomware Attack on US Businesses

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A Presidio client was one of the over 200 victims of a recent cybersecurity breach that targeted American companies during the July 4th holiday. As recently as a few months ago, the client was unprotected from cyber-attacks, but fortunately for them, their Presidio Account Executive, Shirin Shakeri, noticed that they did not have cybersecurity coverage …

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How COVID-19 has Impacted the EPLI Market

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What is EPLI? EPLI, or employment practices liability insurance, cover businesses from claims made by employees that the company has violated their rights. Though most EPLI claims are made against big corporations, any business that has employees is at risk of lawsuits. EPLI coverage is sometimes offered as an endorsement to a Business Owners Policy …

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The Risks of Administering COVID-19 Vaccinations and How to Avoid Them

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COVID-19 vaccinations have begun in the United States with the rollout of the Pfizer-BioNTech COVID-19 vaccine and now the Moderna vaccine, which have been made available to healthcare workers. With 2 more vaccines currently in stage 3 clinical trials, it is likely that doctors will be administering COVID-19 vaccines to the public in the upcoming …

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SB 1159 and How it Impacts Employers in California

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Several weeks ago, California Governor Gavin Newsom signed Senate Bill 1159 into law. SB1159 establishes the presumption (which previously did not exist) that certain employees who test positive for COVID-19 contracted the virus at work. This means for purposes of workers compensation benefits employers must now prove an employee DID NOT contract the virus in …

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Safely Re-Opening a Medical Practice Amid COVID-19 Concerns

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The COVID-19 pandemic has caused many non-essential healthcare businesses to shut down or modify their operations for the last few months. As restrictions are being lifted and many businesses are beginning to re-open, it is important for healthcare businesses to understand the necessary steps to take before opening their doors to the public again.   …

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What Steps Should Doctors Who Perform Elective Surgeries be Taking NOW

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Due to the Coronavirus pandemic, many medical professionals and their businesses have been prevented from working and have been forced to shut their doors. This has been especially problematic for plastic surgeons, cosmetic surgeons, medspas and others that primarily perform elective or non-emergent procedures. A few suggestions we have for our clients in the cosmetic …

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COVID-19 Useful Resources and Links for Physicians

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NORCAL COVID-19 patient safety resources  Medical Protective COVID19 Resources TDC Telehealth Resources Resources for Plastic Surgery: Collected resources from American Society of Plastic Surgeons Centers for Medicaid and Medicare Services: Fact Sheet: Expansion of the Accelerated and Advance Payments Program for Providers and Suppliers During Covid-19 EMERGENCY COVID-19 Federal Stimulus Summary from California Medical Association …

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