From the monthly archives: December 2013

We are pleased to present below all posts archived in 'December 2013'. If you still can't find what you are looking for, try using the search box.

Telemedicine Medical Malpractice Insurance How is the Premium developed?

The rating of telemedicine medical malpractice insurance is dependent upon a few variables: The Medical Specialty, the Practice Territory, the number of consultations and the type of medical services provided.  This is one of the niches in medicine, where the medical malpractice insurance cost is not determined simply by looking at the number of physicians and the medical specialty. The annual premium for telemedicine accurately reflects the risk.  The more services and consultations, the greater the likelihood of being names in a law suit.  The annual premium increases with that increase in service. The Doctors Insurance Agency works with telemedicine groups to help them track the information necessary to report these variables. Our spreadsheets are designed to break down the important audit information to keep these premiums in line with growth  of the group and the risk.  Tracking this information to report to the insurance underwriters not only makes the job of the ...
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The Affordable Care Act and the Nurse Practitioner’s Liability

The Affordable Care Act and the Nurse Practitioner’s Liability The two most common questions posed by our Nurse Practitioners are the following: 1)      Should I maintain my own separate limit or share a limit with the physician for whom I am working 2)      Do I purchase a claims made or occurrence policy. Sharing Limits historically with the physician In our experience, looking back over many years of insuring physicians who hire and supervise, work hand in hand with our Nurse Practitioners, the answer to that first question has been overwhelmingly SHARE limit with the supervising physician. Experience in claims supports that the allocated settlements are not so large against the nurse practitioner, the liability ‘flows up to the highest credentialed, supervising physician.  This is the ‘Captain of the Ship’ Doctrine based on old Maritime Law.  The moment the discovery gets to the point of the p ...
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Are you covered by the Spa where you work ?

Cosmetic Nurses purchasing their own liability insurance: There are two reasons that we experience cosmetic nurses purchasing their own professional liability insurance. The first is that they assumed they were covered by the supervising physician or the entity for which they work. The second reason is: they are finding that their services are in high demand and the business is growing with multiple contracts with different Health Care Organizations. Are you covered by the Spa where you work ? If you are signing new contracts, you may be asked to carry your own malpractice insurance.  In some instances, your employer, or the physicians or medispas with whom you contract may even think that you don’t need professional liability insurance.  We have insured a Plastic Surgeon in California for years for his own medical malpractice insurance.  And, after contracting with three nurse practitioners and three registered cosmeticians, all of whom were providing injections and la ...
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The new Medical Malpractice Insurance Model to accommodate Hospitalists

More and more, The Doctors Insurance Agency of Northern California; specialists in Medical malpractice insurance for over 20 years, is seeing the need to reinvent the old conventions of medical malpractice insurance. The model of how to insure physicians requires creating new ideas; The new medical malpractice policy for Hospitalist Groups is to build a policy allowing for three things: · Separate Malpractice Insurance Limits providing claims made coverage · Administrative Ease to allow for quick physician malpractice insurance approval · No tail cost when the physician is no longer needed to staff the 24 hour/7 day week hospitalist coverage. In other words, these policies need to be designed so that there is expensive tail bill when the physicians are no longer needed and cancel. What flexibility for a medical group administrator means is: ease of adding the physicians and not worrying about tail. That is to say: the application and approval process should be brief, cut through un ...
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  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