From the monthly archives: June 2017

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Job Description: Medical Director

Job description: Medical Director
By Madeline Hyden

The role physicians play in the nonclinical setting is becoming more complex as the medical practice landscape evolves.
MGMA compiled lists of job functions, duties and responsibilities, and compensation considerations to help physicians put together medical director’s job description.

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
• Oversees the activities of group physicians, including the recruiting and credentialing processes
• Reports to the physician CEO/president and/or to the governing body of the organization
All of these administrative services are covered under the most basic medical director policy and it is important to find a policy that can travel with you. In other words, one policy can cover multiple contracts.
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Occurrence Professional Liability Insurance vs. Claims Made Liability Insurance

Medical Malpractice Insurance is a specialized type of professional liability insurance that covers physician liability arising from disputed services that result in a patient's injury or death. ...

Malpractice insurance is usually available through traditional insurance carriers or from a medical risk retention group.

A Risk Retention Group is an organization of medical professionals organized to provide liability insurance (sometimes sponsored by single specialty medical associations or county medical societies).
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