From the monthly archives: April 2014

We are pleased to present below all posts archived in 'April 2014'. If you still can't find what you are looking for, try using the search box.

Do Nurses In The Aesthetic Field Need Their Own Liability Insurance?

It is common to ask:  DO I NEED MY OWN INSURANCE OR AM I COVERED BY THE MEDISPA? The answer submitted actually applies to more than just the cosmetic Nurse Aestheticians,  In an article submitted online for Medical Aesthetic Training Of California, called The future of Aesthetic Nursing! written by Barry Klazura He addresses the very basic coverage question: not surprisingly, the answer is: yes, you need your own professional liability if you are an independent contractor; this similar question is posed to us from many doctors, ranging from physicians asked to do light file review, a few hours per month, to Orthopedic Surgeons acting as primary surgeon for an organization (ie. hospital, surgery center, integrated healthcare alliance), not aware of whether their independent status will be providing them with insurance, or whether they need to procure their own. The answer, more times than not is: You do need your own insurance and cannot be covered by the Medispa unless you are an emp ...
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Reserve Development impacts medical malpractice insurance pricing for medical malpractice insurance carriers

Reserve Development impacts medical malpractice insurance pricing for medical malpractice insurance carriers. Reserves are the amounts held by insurance companies to pay for future claims.  Reserving properly from company investments and premium contributions is one of the essential tasks of the insurance carrier.  If they measure, analyze and allocate the right amounts to  settle and manage claims appropriately, the reserves should be strong, covering just what is needed year over year.  In other words, the companies should not have to take down and release reserves. Reduced claims results in less money paid and more reserves available: However, when a few years pile up, added together where the number of claims filed (even after there are hints, outward signs that a claim is developing) then the reserves can be released back to the carrier. When times are good  for malpractice insurance carriers, the rates become competitive (as they have been for the last seven &nda ...
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Medical Malpractice Insurance Premiums bolstered by reserves

Reserve Development impacts medical malpractice insurance pricing for medical malpractice insurance carriers. Reserves are the amounts held by insurance companies to pay for future claims.  Reserving properly from company investments and premium contributions is one of the essential tasks of the insurance carrier.  If they measure, analyze and allocate the right amounts to  settle and manage claims appropriately, the reserves should be strong, covering just what is needed year over year.  In other words, the companies should not have to take down and release reserves. Reduced claims results in less money paid and more reserves available: However, when a few years pile up, added together where the number of claims filed (even after there are hints, outward signs that a claim is developing) then the reserves can be released back to the carrier. When times are good  for malpractice insurance carriers, the rates become competitive (as they have been for the last seven &n ...
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Hospitalists are coming; how to rate them for malpractice insurance?

Hospitalists are coming; how to rate them for malpractice insurance: According to Online News:  When it comes to caring for hospitalized patients, it takes a true team to collaborate around the clock with physicians and support services to treat each patient’s health needs. This is the essence of hospitalist medicine;  from Primary Care to Ob/Gyn, to Surgical Specialties, good hospital medicine can result in better care for every patient, better medicine for all physicians. This is one of the reasons why The Doctors’ Company has become a leader in hospital medicine insurance and risk management. The Doctors’ Company  has been working with the Society of Hospital Medicine for years to develop custom patient safety and insurance premium programs to help hospital medicine groups grow and staff without the costly tail as an impediment to recruitment. Hospital medicine defined: Hospitalist  partner with a patient’s primary care physician to provide tr ...
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  1. Re: Clinical Research Liability

    Do you recommend purchasing a tail insurance or a occurrence based insurance and add a tail policy afterwards...

    -- Ann Shang

  2. Re: Clinical Research Liability

    I am talking with a CTO in the US ( I am in US too) to be a contractor doing clinical trials on a part...

    -- Ann Shang

  3. 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

  4. 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

  5. Re: Functional Medicine Malpractice Insurance

    Interested in obtaining information for FM MP

    -- Cynthia Shughrue

  6. 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

  7. 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

  8. 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

  9. 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