Latest Med-Mal Insurance News & Research
3 Quick Tips to Build Your Practice that Don't Cost a Dime
If you own a private practice, you are always looking for ways to bring in new patients and get your name out there. Today, we’d like to discuss three free ways to up your practice’s exposure: 1. Get out in the community. Volunteering is a great way to do this: Join your town’s Chamber of […]
General Liability vs. Medical Liability
We frequently have physicians and practice managers calling us to tell us that they have been served with a lawsuit and need to know what to do next. Our first question is usually, “Is it a general liability lawsuit or a medical malpractice lawsuit?” Many of our clients are confused by this question and we […]
3 Major Errors Medi-Spas Make
Over the last decade we have seen a boom in medi-spas. And, with the recent down-turn in the economy, it has become harder and harder for many medi-spas to continue to generate the large profits they once saw. As a result, many medi-spas are trying new therapies to bring in new clients, trying to make […]
Strategies to Handle No-shows
What do you find the most frustrating part of patients who are no-shows? Is it the lost revenue? The waste of your and your staff’s time? Is it the worry about potential medical malpractice liability? Physicians Practice recently had a good article on the topic of patient no-shows. While no-show volume varies practice to practice, […]
When Do You Need a Stand-alone Tail?
Dr. Smith happily joined a new practice on Jan 1. On Feb 1, he received a letter from his previous medical malpractice insurance carrier saying that his previous employer would not purchase his tail coverage for that practice. He is now facing a gap in coverage and is responsible for finding his own tail coverage. […]
How to Negotiate Your Medical Malpractice Insurance with a Potential Employer
We get calls every day from physicians joining practices who are looking for medical malpractice insurance coverage. And, while nobody wants to take a job with one foot out the door, the reality of medicine today is that health care providers tend to change jobs often. (But high turnover also means that you can negotiate […]
The Role of Punishment in Medical Errors
The Sunday New York Times just had an interesting Sunday Dialog, entitled, “Handling Medical Errors.” The original letter was written by a former chief executive of Beth Israel Deaconess Medical Center relaying an event at his hospital where a surgeon operated on the wrong ankle of a patient. While this medical error was an egregious […]
How Close Did We Come to Starting a Medical Malpractice Insurance Hard Market?
With the recent government shut-down, how close did we come to creating a hard market for medical malpractice insurance? Before we dive into the answer, let’s take a minute and provide some basic background information. First, let’s define what we mean when we say “hard” and “soft” markets. While these are medical malpractice insider terms, […]
Medical Liability Monitor 2013 Annual Rate Survey Indicates Continued Soft Market, Revenue Outpaces Claims Expenses
According to just-released data from the 2013 Medical Liability Monitor Annual Rate Survey, the medical professional liability insurance industry has experienced yet another year where rates and written premium continue to trend downward, while insurers continue to achieve above-average financial results. This is a familiar scenario, as rates have been declining since 2006, but year […]
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