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.
Common Pandemic-Related Questions About your Malpractice Insurance
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.
The Very Basics of Malpractice Insurance
How to get medical malpractice coverage for telemedicine, Telehealth, teletherapy
Steps to Take When Handling Closures and Layoffs During the COVID-19 Pandemic
In light of the COVID-19 pandemic, many physician practices are trying to figure out how to handle their contracts with their employed physician(s) and staff. Not all practices have been required to close but many have canceled or postponed elective procedures and non-emergency visits. Even those who are still continuing to practice and offer patient services are experiencing considerable reductions in the number of patient visits and revenue.
Who Pays For Medical Malpractice Insurance?
Ways in Which Telemedicine Protects Practices and Patients
As we continue the fight against the spread of infection of COVID19, telehealth visits are becoming an increasingly indispensable tool. Physicians are able to treat more patients without having to sacrifice the quality of care while also reducing the risk of spreading communicable diseases like COVID19. Additional benefits of using telemedicine services include providing patients with easier access to care, providing efficiencies as well as flexibility in schedules.
Claims-Made, Occurrence Made, and ERP Medical Malpractice Insurance Policies
Policy forms include the claims-made, occurrence, and claims-made convertible. Typically, most policies are an occurrence made policy. However, due to a large number of claims and inflation of premiums in history, the insurance market created a policy form to reduce the burden of risk but also reduce premiums, which is the claims-made policy form. There are some caveats to be aware of which will be laid out in this blog with a healthcare-focus.
Improving Diagnoses In These Areas Can Reduce Malpractice Claims
A recent study found that improving diagnoses in three areas could help improve patient mortality rates, thus reducing malpractice claims. The main goal of this article was to identify the diseases that cause the most serious harm when the diagnosis is missed. The top three are cancer, vascular events, and infections.
Mistakes To Avoid When Dealing With Medical Board Complaints
Medical malpractice suits are the primary concern of the majority of physicians today. However, what they all may not be aware of is that a medical board complaint can be just as detrimental to their income and can even end their careers. Therefore, it is crucial to make sure that the complaint is handled in the appropriate manner and to avoid making the following crucial mistakes that can cost you, the physician.
Tips On How Physicians Can Prevent Data Breaches
Shopping for Medical Malpractice Insurance in 2020 for Physicians
The Different Types of Medical Malpractice Insurance Companies
When searching and shopping for Medical Malpractice Insurance, there are different types of Insurance Companies styles, say different ways they form, but the outcome is comparably the same, to defend and indemnify providing insurance. We've listed out some of the different types of carriers along with a brief synopsis of each type.
Response to COVID-19 For Our Clients
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.
