From the category archives: Insurance Protection Blog

Telemedicine

Starting the Process of Medical Malpractice Insurance for Telemedicine Doctors, Midlevels and Organizations

Where do you  start to apply for and obtain medical malpractice insurance if you are going to practice telemedicine.

Start by listing the Telemedicine Organization address and describe your niche, describe the medical service that your innovation is bringing.
The underwriters need some ‘data points’ to assign a premium to your telemedicine organization.
The organization is the Named Insured, or as I like to call it, the anchor of the medical malpractice insurance policy;  From this ‘center’ of the policy, the insurance carriers build, sort of from the inside out:  they consider the total number of telehealth consultations provided by your physicians and mid levels,
the type of medical service,  the location of the physician and the location of the patient and the annual revenue

.
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Is My Tail Covered When I join a Telemedicine Organization?

This is one of the most commonly asked questions of by our Telemedicine Specialists. Understandably so…because….One of the most important costs to contain as you develop and implement your telemedicine organization is the mandatory (and sometimes prohibitively high) cost of medical professional liability insurance. And, one of the most common obstacles in the way of recruiting new physicians to the organization is the concerns about covering their Tail.
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Are you Starting a Small Teledentistry Company?

Teledentistry (Invisalign) Professional Liability Insurance

The Doctor’s Insurance Agency provides Medical Malpractice Professional Liability Insurance for Teledentistry Groups. While we treat each telemedicine practice as a custom risk, in the end, they all seem to be rated in a ‘pure risk’ fashion. Which is to say: the group projects the number of ‘consults’ or ‘reads’ and the premium is developed as a function of that regardless of the number of providers required to read or complete the contractual commitments of the Telemedicine group.
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How to Structure a Telemedicine Insurance Policy?

The right kind of Telemedicine Insurance Policy can make or break your start up telemedicine practice. Well maybe the right telemedicine policy will actually not break your telemedicine start up. But certainly can help you on board physicians, control costs , recruit, retain and manage financial risk over the long term of your practice.
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Telemedicine and Medical Malpractice Insurance

The Doctors Insurance Agency is providing Health Care Providers and facilities with affordable, appropriately priced medical malpractice insurance.Again this week I learned as I continued this immersion into providing Medical Professional Liability Insurance for physicians, mid-level providers and allied healthcare providers that affordability is key in these early years - starting up a telehealth practice. You can't spend every available earned reimbursement paying your malpractice provider.

Start up telemedicine organizations are watching every dollar (as any entrepreneurial business). They are working hard to promote their business, reinvesting hard earned dollars in digital and paper marketing, traveling in buses and trains to attend shows, conventions and scientific meetings; often working in the margins of the day to provide the service that they are working so hard to promote.

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Can I Work for a Telemed Company?

Our agency has been finding Telemedicine Medical Professional Liability Insurance Solutions since 2002 (when a couple of innovative thinkers in the Silicon Valley in California (who happened to be Radiologists) decided that there was a business opportunity in providing Radiology services between Midnight and Eight in the morning.
 
We needed to endorse and expand their medical professional liability policy so that it was manageable (easy to add and inclusive of tail when their physicians cancelled).  The policy covering Telemedicine organizations, insuring them against medical malpractice claims had to be flexible and affordable.
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Teledentistry is one Method of Getting Low-Income Patients Affordable Dental Care

The Doctor’s Insurance Agency provides medical malpractice professional liability insurance for healthcare facilities, employed  medical staff, (such as technicians, assistants, registered nurses, rehab specialists,  mid-level providers and medical doctors.

Among facilities in areas of healthcare that are growing, we are seeing increasing new groups and clinics in  urgent care, hospitalists  and telemedicine. Telemedicine has gained in  many specialty applications, from the intuitive psychiatry and radiology (which seem to lend themselves easily to Telemedicine Platforms) to primary care, acute care and even neurological consults performed remotely using store and forward technology, or real time consultations from remote sites to specialists  for treatment guidance.
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Telemedicine Groups are Now Providing Medical Services in Hospitals, Skilled Nursing Facilities, Adult Healthcare Clinics and Urgent Care

The Doctors’ Insurance agency has 10 malpractice insurance representatives working hard to find the right coverage for healthcare facilities, physicians,  aesthetic technicians,  wellness professionals,  surgery centers, urgent care centers and  hospitalists across the country.  And while mid-level providers,  adult care providers, hospitalists and urgent care represent fast-growing niches -  telemedicine seems to be surging ahead of them all.   In fact through telemedicine technology -  doctors can supplement their work schedule adding  more flexibility and additional income.
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Telemedicine Malpractice Insurance is similar to Hospitalist Malpractice Insurance

n the years and years of working in the Medical Malpractice Insurance industry I have experienced many recurring issues in underwriting,:  changes in underwriting guidelines towards different specialties.  

With Telemedicine on the rise:…I believe the opinions about the efficacy of telemedicine are changing. I  copied this from notes that I took at a Telemedicine Association conference years ago: We offer telehealth coaching and phone discussions with MDs at my shop. The catch is the doctor's "don't treat or diagnose" over the phone, but they will offer advice and second opinions... which always seems to me like skirting the line. They can't prescribe anything over the phone though…..the cost is a factor (which is driving the growth of this niche)….It's cheaper because they'll pay the phone nurses about $10 an hour than floor nurses (…The telemed services work  for older populations who are home and use their phone a lot. Young people are phone-resistant, so, they will start to (and are in fact doing this) accessing physicians through portals and via skype ‘google places’ sessions. (from the JAMA) one physician writes: In my experience, where I really see Telehealth really working is for mental health and addiction issues.

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Healthcare Organizations That Deliver Services Through Telemedicine

Healthcare organizations that deliver services through Telemedicine need a professional liability policy and electronic data liability insurance policy.
Surprisingly, many of these organizations will say that they are not at risk …They assume that the job of simply connecting the physician (who often carries their own medical malpractice insurance) to the patient does not expose the entity.  This clearly exposes the entity in the same way that any medical group clinic or hospital has exposure because it is in the chain of delivery. However, because physicians carry their own insurance, these telehealth organizations will often mistakenly think that they are not at risk of a suit
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