Finding the Right Price and Coverage for your Medical Director Services

The role physicians play in the nonclinical setting is becoming more complex as the medical practice landscape evolves.  The Doctors Insurance Agency has dozens of liability policies that cover the medical director services either by endorsement or as a stand alone claims made policy.

Researching the data available with the Medical Group Managers Association website, we compiled lists of job functions, duties and responsibilities.
Our policies cover them all (including patient care)…  It is common for medical directors of pathology departments, hospitals, dialysis centers, skilled nursing facilities, adult day care centers and medi-spa's to require coverage for the administrative and supervisory services as well as part-time or limited part-time direct patient care.
Main functions of a medical director:

Holds the senior medical administrative position in a medical group practice

  • Responsible for a number of  activities related to the delivery of medical care and clinical services such as cost management, utilization review, quality assurance, and medical protocol development
  • Possible supervision of mid level, allied or other medical doctor providers. 
  • Oversee the activities of group physicians, including the recruiting and credentialing processes.

Obtaining Coverage:

If you have a copy of the contract you can complete a short 2 to 3 page application and submit the section of your contract as it pertains to the duties and services.  An example of some of the duties and services that we have insured in our medical director programs are as follows:

Directorship duties and responsibilities -

  • Attend meetings (board, committee, etc.)
  • Develop and manage a budget, including presenting reports to practice staff 
  • Monitor quality and appropriateness of medical care
  • Provide guidance and leadership for performance guidelines
  • Develop policies and procedures
  • Manage strategic development
  • Oversee clinical peer review
  • Oversee documentation and care planning

According to the MGMA Medical Directorship and On-Call Compensation Survey:

 11 percent more medical directors reported handling "quality and appropriateness of care" as part of their duties and responsibilities
 15 percent more medical directors said they engage in strategic development
 12 percent more said they provide guidance and leadership for performance guidelines
 14 percent more handle physician relations and/or representation

The Doctors  Insurance Agency and our  10 dedicated professional liability insurance specialists can help you bring our years of experience as a local and national healthcare professional liability broker and agent…We can help you find  the right fit for your medical director professional liability insurance.

Comments

Got something to say? Join the discussion »

Leave a Reply

 [Quick Submit with Ctrl+Enter]

Remember my details
Notify me of followup comments via e-mail

  1. Re: The Podiatrists Market Research Report states that demand for podiatrists will likely benefit from healthcare reform.

    My husband has been feeling a lot of pain in his feet recently. We think this could be due to his posture...

    -- Sarah

  2. Re: Developing Walk In and Urgent Care Centers

    It's good to see that urgent care facilities are becoming more and more prevalent. You are right that...

    -- Caden Dahl

  3. Re: Functional Medicine Malpractice Insurance

    Interested in obtaining information for FM MP

    -- Cynthia Shughrue

  4. Re: Visiting Residents/Intern/ Fellow (Hands On) Medical Malpractice Insurance

    I am a final year medical student planning to do a couple of electives in medical school in the US and...

    -- Varun

  5. Re: Medical Malpractice Insurance Benefits, expanding to outpatient facilities

    I like the idea of some of the cost returning to the normal discounted market after a few years of claims...

    -- Dave Anderson

  6. Re: Who Can Perform Liposuction Surgery?

    This is very interesting content! I have thoroughly enjoyed reading your points and have come to the...

    -- Re: Who Can Perform Liposuction Surgery?

    Thanks for helping me understand any licensed physician can actually perform this procedure as per the...

    -- Millie Hue

  7. Re: The Podiatrists Market Research Report states that demand for podiatrists will likely benefit from healthcare reform.

    Thanks for giving me more information about the benefits of podiatrists from the healthcare reform. ...

    -- James

  8. Re: Clinical Research Liability

    I am starting a Clinical Research site in Philadelphia and am interested in learning more about a policy...

    -- Takoda Roland

  9. Re: When you might need another one or two medical malpractice insurance policies.

    My colleagues were searching for NC SF 521 several days ago and learned about an online platform that...

    -- pauletta walker