Latest Med-Mal Insurance News & Research
Industry Consolidation Could Have Deflating Effect on Medical Malpractice Insurance
side note: Consolidation continues. As per the press release below, NORCAL Mutual Insurance Co. has announced its acquisition of Medicus Insurance Co., a regional insurer of medical liability headquartered in Austin, Texas. This continues the consolidation trend that has already seen The Doctors Company purchase APCapital. Oftentimes, when consolidation occurs, medical malpractice insurance premiums will […]
Are You More Likely to Die in a Hospital from Med Mal or in an Airplane?
Side Note: Even if you guessed that you’d be more likely to die in a hospital from med mal, you might be surprised just how much more likely you’d be to die. According to WHO statistics, the chance of an error happening during a patient’s care is 1 in 10. The chance of a patient […]
Transitioning to Better E-prescribing Tech Can Lead to Med Mal Errors Even for the Seasoned
Side Note: Electronic prescribing is nothing new, yet it continues to grow by leaps and bounds. From 2009 to 2010, electronic prescriptions went up by 72%. So, you would think that transitioning from one electronic prescribing system to another wouldn’t be that hard for seasoned, experienced e-prescribing physicians. But, a recent study conducted by physicians […]
Pennsylvania Passes Fair Share Act to Bring Down Medical Malpractice Insurance Costs
side note: This is big news for Pennsylvania. Long a hostile medical liability climate, the state’s new governor made good on his promise to address Pennsylvania’s tort laws. What effect will the “Fair Share Act” have on medical malpractice insurance costs? It will likely be several years before the new legislation has an impact on […]
Medical Malpractice Lawsuit Dropped? The Upside & Downside…
Side Note: Let’s say you’re a physician being sued for medical malpractice, and your case was dropped. That’s great, isn’t it?! While that is absolutely fantastic news for you, it doesn’t mean that it is not without some negatives, too. The article below discusses a recent study published in Health Affairs magazine that looked at […]
Hedge Funds Financing Medical Malpractice Claims
side note: This is an interesting article that illuminates a new trend relatively few in the healthcare community are familiar with. There’s a trend in some states where hedge funds will finance medical malpractice lawsuits in exchange for a percentage of any judgment. The fund will review a case, and if it believes the lawsuit […]
OB Medical Malpractice: Errors & Lack of Communication
Side Note: As we all know, Obstetricians face some of the highest medical malpractice insurance rates in the country. This is, in part, because the average payout in an OB physician liability case is more than two times that of other medical specialties, at about $947,000. A recent study sheds light on the kinds of […]
Medical Malpractice: Hospital vs. Outpatient Settings
Side Note: Wouldn’t you think that a physician who practices in a hospital would be more likely to a face medical liability that leads to a medical malpractice lawsuit than a physician who practices in an outpatient setting? Doesn’t it seem “safer” for a physician to practice in an office setting? Strangely enough, it’s not. […]
Surgical Errors & Med Mal: What Else Can Be Done?
Side Note: Wrong-site, wrong-person surgeries are totally preventable –in theory. What we are finding is that despite “universal protocols,” and massive education efforts, major, even deadly, surgical errors are still occurring in alarming numbers. What are we learning about this physician liability? In 2006, the Agency for Healthcare Research and Quality requested that a study […]
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