Almost every month, I receive an email or call from a client that would like to inform me that their practice is growing. Their next question is almost always, “What do we need to do to add a physician to our policy?” Items to consider: Is your practice going to provide prior acts coverage? If your practice is going to match the new physician’s retroactive date, you are inheriting the risk of claim for this…
Purchasing a tail insurance policy can prove to be a burden to healthcare providers when retiring, changing employers or under other circumstances which might require the termination of a claims-made policy. Gone are the days when the only options were to “go bare” or purchase tail insurance for the significant premium offered by the incumbent carrier. Diederich Healthcare equips physicians with multiple options for standalone tail insurance policies. Extended reporting period (better known as “tail”)…
Multiple studies have revealed a disparity of the perceived effectiveness of communication from the standpoint of the physician and from that of the patient. The manner in which a physician communicates health information to a patient is often as important as the information itself. In a recent survey of patients treated by orthopedic surgeons, 75% of the physicians believed they communicated satisfactorily with the patients, while only 21% of patients felt they received adequate communication….
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