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.
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!
Effective immediately, the Licensing Program of the Medical Board of California has increased the number of audits conducted for continuing medical education (CME) compliance by physicians as well as continuing education (CE) compliance by licensed midwives from 1% to 10%.
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.
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.
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.