This article is part of a series: Part 1 Part 2 All of the factors addressed in Parts 1 and 2 of this article… increased patient population, increase in coverage benefits, change in practice/healthcare delivery models, changes in reimbursement models …contribute to intensified and newly created Medical Professional Liability (MPL) issues. Current MPL litigation trends are showing a reduction in the frequency of claims, but an increase in severity of awards. Large plaintiff verdicts…
Diederich Healthcare’s Medical Malpractice Insurance Professionals have released an educational series directed at physicians nation-wide. This series of informational articles focuses on topics that are relevant to the medical malpractice insurance landscape today. The series has a broad scope, with the following articles being made available: Change in 2014 – Oklahoma physicians can reduce practice costs with minimal effort Does price reflect quality of malpractice insurance? Transitioning From Occurrence to Claims-Made Using a Broker/Agent and…
The scope and reach of physicians are expanding rapidly due to an increase in user-created content and online media in the digital age. Social media sites, such as Twitter and Facebook, internet-based applications, blogs, texting and emailing, media-sharing sites, and networking sites have all led to an increase in the communication between physicians and their patients, physicians and the public, and among physician colleagues. In fact, over 60% of physicians use some type of social…
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…
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…
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…
As a service to our clients and all physicians nation-wide, Diederich Healthcare has done an analysis of the medical malpractice payouts in 2011 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. The data represented in this particular infographic is for the Northeastern United States. To view the infographic depicting the entire…
As a service to our clients and all physicians nation-wide, Diederich Healthcare has done an analysis of the medical malpractice payouts in 2011 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. The data represented in this particular infographic is for the Southeastern United States. To view the infographic depicting the entire…
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 2011 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. Toward the end of the infographic there is…
New Jersey policyholders’ surplus increased $7.8 billion to $564.7 billion at March 31, 2011, from $556.9 billion at year-end 2010. Additions to surplus in first-quarter 2011 included insurers’ $7.8 billion in net income after taxes, $3.9 billion in unrealized capital gains on investments (not included in net income), $1.5 billion in new funds paid in (new capital raised by insurers), and $0.4 billion in miscellaneous additions to surplus, according to ISO, Inc. As a result,…
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