Professional Malpractice Insurance, the Details
Errors & Omissions (Professional Malpractice) insurance covers a wide variety of honest mistakes that a medical professional can make. This important protection is separate of your general, business or property liability coverage. In this article, we’ll look at the details of that coverage, and what it does NOT protect against. When a company issues an …
What are Errors and Omissions Policies?
Professionals in any of several industries need Errors and Omissions (Professional Malpractice) coverage. This is in addition to your general, property, or business liability insurance. E&O policies protect the insured from financial risks which may be incurred by making a mistake within your professional capacity. What does that mean for the medical professional? You meant …
How the New “Never Event” Policy Affects You
As some of you know, (and we’ve written about) as of October 1, 2008, Medicare is no longer reimbursing for costs that were incurred as a result of a Never Event. We’ll be putting a more complete article on the topic in our Newsletter, but for now, here are some of the basic points: Most …
“Never Events” Study and Changes In Their Reimbursement
Never Events are incidents which should never occur in a medical practice, incidents which are absolutely inexcusable. As of October 1, 2008, Medicare (CMS) and other carriers no longer reimburse for Never Events. The facilities and practitioners themselves will be held accountable and responsible, and must still provide care for patients that suffer a Never …
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Malpractice Insurance For Nurses
Although the question asked was specific to malpractice insurance for dermatology nurses, the advice of health care attorney Carolyn Buppert is sound for most any specialty. When considering how much malpractice coverage to obtain, you want “as much as you can get and afford.” This legal expert points out that that there are too few …
Health Care Insurance Rate Increases Slightly Lower, Patient Portions Higher
Chicago-based Hewitt Associates, a human resources consultant firm, says that the average health care insurance cost increases are lesser this year, following a downward trend. San Diego, CA, was one city which was profiled, and though their costs are slightly lower than other places in the nation, the average increase there will be 7 percent …
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Identifying Service Problems in a Medical Office Can Reduce Medical Malpractice Claims
One study found that physicians who rated in the bottom third of patient satisfaction surveys had a 110% increased risk of being involved in a patient complaint (whether this means a filing of a medical board complaint or simply a nasty letter was unclear in the study). Satisfied patients are simply less likely to sue …
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MedPro Provides Peace of Mind
An excerpt from the November 1st, 2008 letter by Medical Protective President and CEO Tim Kenesey… Over the last couple of months – in light of the Wall St. meltdown, widely reported bank and insurance failures and weaknesses, and the related implications to the medical malpractice insurance industry – many healthcare providers have asked: “Is …
Do I Need Malpractice Insurance for my MediSpa?
Do I need a Medispa (or med-spa) insurance policy? This is the most common question asked about malpractice insurance for medical spas. The answer is YES! Every medical spa should carry a medical malpractice insurance policy that provides defense and indemnity coverage in the event of a claim. Forget the thinking that the doctors policy …
“The Doctors Company” Lowering Premiums in California
Following the June 2008 acquisition of SCPIE, The Doctors Company is now 19,000 physicians strong in California. Apparently, their position as a market leader in California has led to a recent decision to reduce rates by 10 to 30 percent for California physicians. The request to reduce rates has been sent to the Department of Insurance in Sacramento …
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