Medical malpractice insurance, also known as medical professional liability insurance, protects healthcare professionals from being sued for damages if they are accused of negligent medical care. The insurance covers the cost of defending the lawsuit and any damages that may be awarded to the patient.
A Healthcare Professional Liability Forecast: Medical Services Sector
As 2021 comes to a close, I wanted to provide you with a healthcare professional liability (HPL) forecast for the medical services industry. The HPL space has been in a firming trend for nearly two years now, and that trend will continue. The next six to twelve months will be challenging, and Ethos is ready for it.
COVID-19: How to Address Your Staff and Patient Concerns
As the COVID-19 pandemic spreads throughout the world, the level of uncertainty is constantly increasing. And while there is much to consider for medical practices, one particular area that requires extra attention during this time is the welfare of your staff and your patients. In a time of crisis like this, it’s important to remember and recognize the basic mission that the practice was created upon: To keep people healthy. This is one of the important things to keep in mind as you make any upcoming decisions.
Key Points About Your Medical Malpractice Insurance Your Agent Should Tell You
Medical Malpractice Insurance covers physicians’ and healthcare professionals’ liability arising from disputed services that result in a patient's injury or death. Searching for Medical Malpractice Insurance in 2020 can sometimes be challenging but finding the right broker or agent is paramount in the proper mitigation of your practice’s liabilities. Here are some key points about your medical malpractice insurance quotes that your agent should tell you.
The Very Basics of Malpractice Insurance
5 Ways to Avoid Malpractice Lawsuits
Understandably, physicians worry about getting sued for malpractice, and even though the number of lawsuits has declined in recent years, malpractice payouts have increased by almost 3 percent.
Though the statistics on the number of lawsuits are daunting, some things can be done to minimize the chances of being sued, and one is understanding the real reason for the lawsuit. By doing so, physicians can even improve the odds of a favorable outcome if they are being sued.
How to Deal with Work-related Stress as Healthcare Professionals?
The working days of physician and nurses are especially exhausting. It takes a lot of physical endurance to run in the hospital corridors and spend hours without eating or sleeping. Mental strength is also needed, as they must give their full attention to each patient, deal with extreme situations, and know-how to relate emotionally to people.
HELP YOUR BROKER HELP YOU
If you aren’t too familiar with professional liability insurance, you probably think that a broker and an agent are the same thing but you couldn’t be more wrong. Do you know that a “broker” works for the insured? He works for you! Did you know a “broker” has the insured’s best interest in mind? He wants what’s best for you!
Increasing CME and CE Compliance Audits
New Prescription Forms Required for Controlled Substances
Effective January 1, 2019, new prescription forms with uniquely printed serialized numbers are required for controlled substances. The Department of Justice (DOJ) has released notices that explain the serial number format and the reporting requirements. Notices from the Medical Board of California and the California State Board of Pharmacy have also been sent out to prescribers and pharmacists.
6 Ways to Prevent Patient Injury and Ultimately Avoid Lawsuits for Physicians
Risks surround physicians every single day, ranging from alleged diagnostic errors to inadequate follow-up. This is where risk management comes in and is so crucial to practicing healthcare professionals. Risk management is a series of strategies designed to reduce the likelihood of injury to the patient and also reduces the likelihood that a suit will result if an injury occurs.
Starting a Successful Private Practice – Laying the Foundation
Opening up your own practice can be a long and laborious process but the long-term rewarding benefits can enrich your life. Some examples of these benefits include enhanced physician-patient relationships and the freedom to practice guided by your own personal and professional goals. Building a solid foundation in the early planning stages will prepare you for a successful practice in the future. The necessary steps to start building this foundation are described below.
