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2013 Medical Malpractice Payout Analysis

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The 2015 Medical Malpractice Payout Analysis has been released and is available here. As a service to our clients and all physicians nation-wide, Diederich Healthcare has done an analysis of the medical malpractice payouts in 2012 as recorded by the National Practitioner Data Bank. Taking the data from the NPDB’s records, statistics were selected that will be both interesting and timely to doctors and all other medical professionals. At the beginning of the infographic there…

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HITECH Breach Notification Final Ruling Provides Additional Regulation of Protected Health Information (PHI)

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On January 18th, 2013, the Department of Health and Human Services released their final ruling on modifications to the HIPAA Privacy, Security, Enforcement, and Breach Notification Rules. These rulings will affect the way in which an individual’s health information is shared and will identify the consequences when there has been a breach of privacy. While the law has been less defined in the past, it will now be much more highly regulated through these provisions….

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HealthcareReform

The Affordable Care Act (ACA) and its effects on Healthcare Delivery – Part 1

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This article is part of a series: Part 2 Part 3   Medical practices and the delivery of healthcare are adapting to accommodate current and imminent changes in the patient population, the health coverage available to the patient population, and reimbursement models resulting from the Affordable Care Act (ACA). The ACA’s creation of a dramatic and possibly overwhelming influx of new patients with access to healthcare is one of the base forces causing physicians to…

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App

Digital Motivation – A new ally – Medical iPhone & Android Apps

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With the New Year quickly approaching, many patients will need to make resolutions to lose weight, be more health conscious, and even initiate a workout program based their physician’s recommendation.  And recommendations of life style changes to patients more or less falls in line with death and taxes.  It is a professional necessity.  With that said, there is a new ally for healthcare professionals to embrace – health apps, the one two punch of Smartphone’s…

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psych

Low Risk Medical Specialties have a lower chance of being involved in a Malpractice Claim

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Will a Low Risk Medical Specialty career choice lower your chance of being involved in a malpractice claim?  The obvious answer is yes.  The question is by how much.  A study by the New Journal of Medicine (August 2011) found there to be  a great deviation.  In the sample pool of over 40,000 physicians, the study found that high-risk specialties such as neurosurgery and OB/GYN had a 99% chance of being involved in a malpractice…

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hacker

Medical Malpractice Insurance and Cyber Liability – A Great Combination

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A trend that started a couple of years ago continues to catch on in the medical malpractice insurance community.  Several medical professional liability insurance companies have been adding on extra coverages for physicians in order to entice them to stay with their current company and also attract new physicians.  One of the most popular endorsements added to these policies in recent years has been Cyber Liability Coverage.  The great thing about this additional coverage is…

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NewYork

July 1, 2012 New York Medical Malpractice Insurance Rates Are Final and Excess Coverage Is Still a Question For Many Physicians.

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New York physicians, unless they have been on sabbatical, are aware of the rate increases from the admitted carriers writing malpractice insurance coverage in New York.  With a few deviances for some specialties, the New York admitted carriers, such as Physicians’ Reciprocal Insurers and Medical Liability Mutual Insurance Company, increased their rates approximately 4% effective July 1, 2012. This does not come as a big surprise to most.  Also, this increase most likely is not…

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FL

3 Useful Florida Medical Malpractice Insurance Web-Sites

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Although a lot of information on the World Wide Web is very inaccurate; patients, physicians, office managers and administrators can find helpful information with a few clicks of the mouse. There are three, state sponsored websites that can provide a tremendous about of information. For patients, the experience and claims history of a physician is something one should know before going in for surgery. For an office manager, the same information is good to know…

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Director

Medical Director Liability Coverage

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Most physicians assume that their exposure as Medical Director at a nursing home is covered under their standard Medical Professional Liability Insurance policy or under the Nursing Home’s Liability policy.  The truth is that most Med-Mal policies specifically EXCLUDE any Medical Director responsibilities, whether the physician has direct patient contact or not.  A physician’s medical liability policy will, most likely, cover clinical issues related to the direct care of the physician’s patients while they are…

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Insurance

Know Your Options Before Purchasing Tail Coverage for your Medical Malpractice Policy

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If you have ever had to purchase tail coverage for your medical malpractice insurance policy, you know how expensive and limited your options are.  Tail can be very costly, usually double the expiring premium with your incumbent carrier.  Now there are options for tail coverage outside of your incumbent carrier! In response to a growing need and interest in competitive tail coverage, Diederich Healthcare can provide stand-alone tail coverage that can save you significantly in…

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