Risk Managment

Which Physician Specialties are at the Highest Risk for Malpractice Claims?

In 2017, JAMA Network published their findings on the physician specialties who paid the most in malpractice claims from 1992 to 2014. Their analysis was based on data from the National Practitioner Data Bank and includes almost 20 million physician-years of data, characterized by physician specialty, with all dollar amounts being adjusted to 2014 dollars. …

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What is Informed Consent?

            Most medical procedures involve a degree of risk for patients, for that reason it is important that doctors inform patients about the risks and potential side effects that can arise from a medical procedure. Informed consent in medicine is the process by which a physician fully explains a medical treatment or procedure to a …

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Common Medical Malpractice Terms and What They Mean

Medical malpractice insurance can be confusing. There are many commonly used terms and phrases used in malpractice insurance that most people are unfamiliar with. If you have found yourself wondering what your medical malpractice insurance broker is talking about or just want to learn a little more about what goes in to a policy, hopefully …

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What is Telemedicine?

  Introduction to Telemedicine Telemedicine is the use of electronic communication, such as video calls, digital photography, instant messaging, telephone and email, to provide clinical services to patients, without an in-person patient visit. Some of the most common uses for telemedicine are follow-ups, medication management and remote specialist consultations. Telemedicine can be much more convenient …

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Social Media

Why It’s Important for Healthcare Providers to Manage Their Online Presence

Social media continues to evolve and its influence can have both positive and negative effects for physicians and other healthcare providers. Just a few years ago many of our clients had no social media presence, and most did not maintain a website. Things are changing, it is vitally important for physicians to understand how to …

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Five Things Every Healthcare Provider Must Know

Medical malpractice insurance is as necessary to a physician or healthcare provider as a stethoscope. The insurance protects the healthcare provider from having to bear the full costs of a legal defense and settlement in a malpractice lawsuit. Like other insurance policies, there are many options, complex clauses, and liability limits when it comes to …

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Reducing Diagnostic Errors is Critical for Physicians

Missed or delayed diagnosis is the number one reason for malpractice lawsuits against physicans according to data from The Doctors Company. The following risk management tips, based on the most in-demand articles on the company’s website in 2013, all suggest ways physicians can reduce the chance of diagnostic error: Be certain that there is a …

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Medical Liability Insurance: 5 Costly Mistakes You Should Avoid

1. Know Your Carrier In order to succeed with medical liability insurance, an insurance carrier must have solid financial stability and expert claims handling. Be confident your insurance carrier will have the resources to respond in the event that a claim should ever arise. Purchase coverage from a well capitalized, financially sound institution. Insurance rating …

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