Technology has made an incredible impact on healthcare with breakthroughs that include 3D printing of medical devices or even biological materials, robotic-assisted surgeries, remote health tracking, and more. However, a critical but often neglected use of technology in healthcare is in communication. Traditional ways of communicating can often create communication gaps that ultimately hurt outcomes. There are so many small gaps that when they add up, they can potentially hinder your practice from running efficiently.
The Most Effective Financial Planning For Today’s Busy Physicians
Doctors spend years managing their education and training in undergrad and medical school and then continue to internships, residencies, and fellowships. Once that is complete, it is then time to manage the health of patients. Many additional duties come with managing patients’ health, including coordinating with other physicians, keeping up with current medical research, and various clinical/administrative responsibilities. There are so many aspects of managing the health of patients that the physician’s financial health can easily be overlooked.
Key Medical Malpractice Terms All Doctors Should Know
Medical professional liability insurance is one of the most costly expenses doctors will have during their careers. However, most doctors do not know what to look for in a medical malpractice insurance policy. Not only is it time-consuming, but having inadequate or the wrong type of coverage, or going with the wrong carrier could end up becoming extremely expensive.
Attention: Extortion Scam by Fake DEA Agents
The Medical Board of California has recently become aware of scam artists posing as U.S. Drug Enforcement Administration (DEA) agents or Medical Board staff trying to extort physicians in California. These scammers play fake DEA agents or Board staff members as part of an extortion scheme stating that they are calling in regards to ongoing investigations regarding the physician’s license that was issued by the Medical Board of California. These physicians are told that their license is at risk of being suspended for illegal drug trafficking, and therefore, may end up having to stop practicing, at least temporarily. The scammers may even provide what is called an “Agreement for the Bond and Protocols” which includes statements that licensees cannot share or disclose the investigation to a third party as well as agree to pay a bond fee of $25,000. The scammers’ phone number may even show up as the Medical Board’s toll free number (800) 633-2322.
Top 10 Apps or Websites to Improve Physicians Productivity
Medicine has gained considerably from technology. In the last decades, it has drastically changed the patient-doctor relationship and the way doctors work daily. Telemedicine, for example, connects patients with their specialist remotely, without the need to go to a hospital. On the other hand, many digital platforms help physicians identify symptoms or choose the best medication.
Necessary Types of Insurance for Doctors & Healthcare
When it comes to purchasing insurance, physicians tend to focus solely on professional liability insurance. This is understandable considering it applies to the risk that is most worrisome as well as it being the largest premium they will have to pay. There are, however, other kinds of insurance that can be just as crucial to protecting their assets and securing their practice. Physicians may not be aware of this but certain forms of coverage are required by law. Many practices do know what is required or needed until it is too late. Not all practices need every form of coverage but the following is a simplified guide to the most common types of insurance physicians purchase for their practices.
5 Physician’s Frequently Asked Questions About Medical Malpractice
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.
Is Your Electronic Health Record a Malpractice Risk?
A plan to introduce electronic health records (EHRs) across the country was started in 2004 by President George W. Bush to “avoid dangerous medical mistakes, reduce costs, and improve care.” The main reason for the EHR adoption was to avoid medical errors which is a huge reason for medical malpractice claims, but in actuality the number of medical liability claims has actually risen with the EHR as a contributing factor. A research report by The Doctors Company in 2017 showed that the number of EHR-related claims grew from only 2 claims between 2007 – 2010 to 92 claims between 2014-2016.
GUIDE TO NAVIGATING A MEDICAL MALPRACTICE CASE
Medical malpractice lawsuits can be extremely complex and can be life-changing for all parties involved. The reactions and decisions that need to be made by the insured can be affected by the emotions that tend to run high in these types of situations. Therefore, the following 8 tips will provide guidance on what to do as well as what NOT to do when faced with a malpractice lawsuit.
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!
6 Time Saving Tips for Physicians
One of the most valuable commodities for physicians and medical practices is TIME. It always seems like there is not enough time to ensure that patients are getting the care they need, the attention they deserve, that health and test records are logged accurately, etc. The following list includes six quick tips and strategies on how to provide patient care in the most effective manner possible.
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.
