All Posts Written By Matt Thompson, Author at Diederich Healthcare

Doctors changing jobs – know your malpractice insurance options

Posted by | Uncategorized | No Comments

Whether it’s a change in employment, a move to a new state, or the sale of your practice, almost every doctor will someday need to evaluate malpractice insurance options.  When these times are upon you, you may feel overwhelmed with making decisions in a time crunch.  You still have patients to care for, a life outside of medicine, and now you need to solve your malpractice insurance problem.  Fortunately, you are not alone.  Read on…

Read More

5 Primary Factors that affect a Physician’s Malpractice Insurance Premium

Posted by | Uncategorized | No Comments

Location- location, location, location, is what you think of regarding real estate prices. Did you know that location is also one of the primary factors in how much a physician pays in premium for malpractice insurance coverage? Because each State has their own unique laws regarding tort liability, premiums can vary greatly depending on the State and/or County you practice in.  States that have passed meaningful Tort reform, such as California and Texas, have experienced…

Read More

The Ins-and-Outs of your professional liability insurance policy

Posted by | Uncategorized | No Comments

The information on your policy declarations page and certificate of insurance are the factors that determine who coverage is provided to, how much coverage is allotted and how far back it will extend into your prior acts period. You will see various sections on your certificate of insurance (COI) including:  Producer (your agent), Insurer (insurance company providing coverage), Insured (you), Type of coverage (professional liability should be marked at the bottom), and description of coverage…

Read More

More Tail Malpractice Insurance Options Now Available

Posted by | Uncategorized | No Comments

Over the last several years, the need for tail malpractice insurance options has increased dramatically.   Even now, many physicians are unaware of how tail for your malpractice insurance policy works.  By obtaining tail coverage or sometimes called an extended reporting endorsement, you are able to report claims to the insurance carrier even after the underlying policy has been cancelled.  However, tail can be very expensive – usually twice your expiring premium with the incumbent carrier. …

Read More

Telemedicine – an emerging field

Posted by | Uncategorized | No Comments

As technology advances at an ever-increasing rate in the 21st century, opportunities are opening up for healthcare professionals to expand their reach and treat more patients than ever before. With a growing market of mobile medical apps, it is possible for a physician to schedule an appointment, view a patient’s medical history, diagnose and treat an illness, remotely monitor the patient and conduct follow-ups all from a single convenient handheld device. Coupled with improved two-way…

Read More
keep-calm-and-cover-your-tail

Keep calm and cover your tail

Posted by | Uncategorized | No Comments

For decades, the claims-made policy form has been the leading choice for physicians’ medical malpractice insurance. Most individual doctors, group practices, and hospitals will someday feel the sticker shock associated with an expensive tail quote from their insurance carrier. “The good news is that they now have choices,” says Diederich Healthcare CEO and Chairman Jeff Diederich. “Our team of experts proudly brings a multitude of options to the table.” Not only do healthcare providers now…

Read More

2015 Medical Malpractice Payout Analysis Summary

Posted by | Uncategorized | No Comments

For the second consecutive year, medical malpractice payouts increased over 4% from the previous year.  After seeing a steady decline in medical malpractice payout amounts from 2003 through 2012, malpractice payouts started to rise in 2013 and continued to rise at a steady pace in 2014 – marking a trend of increased medical malpractice payouts in the United States. The National Practitioner Data Bank (NPDB) data in 2014 saw an increase of 4.4% in total…

Read More

Back to Basics: Understanding Medical Liability Insurance Policies

Posted by | Uncategorized | No Comments

Most physicians are aware of the importance of obtaining high-quality, comprehensive medical liability insurance.  Although most states have basic minimum liability coverage requirements, some doctors do not understand the reasons that proper, individualized coverage is essential and how inadequate or sub-par policies can actually harm the physician, his or her practice, and tarnish professional reputations within the community.  In this article, we will examine differences between professional liability policy forms to better help physicians formulate…

Read More

Beyond Medical Malpractice – Other Policies a Physician Practice Needs

Posted by | Uncategorized | No Comments

Most physicians will agree that their livelihood depends on the success of their practice.  Although professional liability insurance will protect the insured from errors and omissions in their day to day patient contact, there are additional insurance options that will also protect against loss from many other unforeseen acts that can be devastating to both the physician’s practice and their reputation.  For a healthcare provider, understanding the differences between coverages,  knowing what is needed for…

Read More

Attention California Physicians Renewing December 31st!

Posted by | Uncategorized | No Comments

Depending on your current professional liability coverage program, your options for reducing your 2015 premiums could be limited.  If you are one of the thousands of physicians in this situation, you may be liable for next year’s entire annual assessment unless you take action now. In some cases, you must give notice by October 31st that you intend to opt out of the 2015 assessment even though your coverage does not renew until December 31st….

Read More
Quality, cost-effective medical professional liability insurance for medical professionals. Get A Quote Now!