From the category archives: Insurance Protection Blog

Surgery Centers

Medical Professional Liability Insurance Premiums are Rising

 The Doctors Insurance Agency specializes in providing medical malpractice insurance for physicians groups and facilities.

 Internal medicine and its subspecialties have historically had some of the most competitive premiums in the United States.

The Doctors Insurance Agency has developed an understanding of which carriers are financially strong and committed in each of these specialties, so that we can provide physicians and groups with the best options. Understanding these specialties can help physician owners, shareholders and partners in these medical groups properly structure their liability contract and save thousands in premium costs. 

For example, gastroenterologists frequently work in association with freestanding Surgery Centers and Endoscopy Centers.

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Insure Centers Focusing on The Use of Marijuana for Medical Purposes

Outpatient Centers Medical Marijuana liability Insurance

From an underwriting standpoint, surgery centers, wellness centers, outpatient facilities, urgent care centers, and aesthetic regenerative spas (also known as medi-spas) all fall into the same category of healthcare liability insurance.

 Across the country, we are also seeing growing acceptance and an ever-evolving market for medical marijuana, CBD products, cannabis dispensaries, and physicians certifying patients for medicinal use. This has led insurance carriers to study, edit, and adjust their policies faster than ever before.

One of the most common questions about medical malpractice insurance that we receive here at the Doctors Insurance Agency involves how to best insure centers focusing on the use of marijuana for medical purposes

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How a Surgery Center Insurance Policy is Rated?

Surgery Center Professional Liability Insurance policies are very flexible. For stand-alone surgery centers, we often recommend policies that base premium on the number of scheduled procedures vs. pricing by the number of providers. These type of policies are often referred to auditable policies as the premium is calculated based on the actual number of procedures performed during the policy period and requires the insured to track and submit this number at the end of the policy year.
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Professional and General Liability for Surgery Centers Medical Malpractice

Surgery Centers will occasionally make the mistake of thinking that they only need to obtain one category of insurance. Commercial, property and general liability insurance. It is important to purchase both General Liability AND Professional Liability Insurance.
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Ambulatory, Allieds and Chiros

Ambulatory Surgery Centers expand procedures: Bariatric Procedures, Plastic  and Orthopedic Surgeries are among just some of the 23 Million Surgeries that are performed annually in one of the 5,200 surgery centers in the United States.  There are many medical malpractice insurance companies which specialize in writing professional liability insurance for this class; AIG, One Beacon, Admiral, Allied World, Ironshore, James River and Gen Star to name a few. With the healthcare landscape continuing to change, the ambulatory surgery class is going to be one of the answers to reducing the cost and increasing the access to health care.  The number of procedures is increasing, so the premium in this class of the healthcare risk world will increase with it.  How are Ambulatory Surgery Centers rated for malpractice insurance policies: Ambulatory Surgery Centers are going to play a larger role in the delivery of healthcare;  underwriters are going to ask the following questions ...
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Growth in the physician market.

Where can a physician look to make money? Obviously, reimbursements are cut from private payers to government agencies, from managed care organizations to medicare, physicians are being asked to work harder and provide more services for less dollars. Consequently, physicians are taking work in other areas to enhance their net pay. There are, of course, medical malpractice insurance ramifications in this area. The five common areas we see physicians taking on extra work in order to retain a challenging practice with the chance to increase their net pay are the following: Concierge Medical  Practices Utilization Review for State’s Workers Compensation Medical Director for Nursing homes, Medical Homes, Surgery Centers and Medispas Investing in Surgery Centers Independent Contractor work for Hospitalist groups Telemedicine Consultations. According to Crittenden, Physicians are moving to the concierge model very quickly in an ...
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