Physicians are often called upon to become medical directors for surgicenters, hospitals, medical spas, clinics, labs and long term care facilities. They may assume that their medical directorship duties are covered by their professional liability insurance policy. However, almost all professional liability insurers now exclude this exposure. Generally, the Professional Liability policy provides coverage for direct and indirect patient care as a physician but not for duties performed as medical director outside of one's own practice. Therefore it is necessary to verify that the facility maintains liability insurance that responds to the exposure presented by the many duties and responsibilities assumed by the medical director.
If you're unable to work due to a sickness or injury, disability income insurance can help you meet expenses and maintain your standard of living. It can help you pay bills like your mortgage, tuition and car payments, and help cover expenses for food, clothing and utilities. By replacing a portion of your income, disability income insurance can help provide financial stability until you get back on your feet and return to work.
In January 2013 the Office of Civil Rights of the Department of Health and Human Services published its Omnibus Final Rule (Final Rule) for the Health Information Technology for Economic and Clinical Health (HITECH) Act under the Health Insurance Portability and Accountability (HIPAA) Act. Regulations became effective March 26, 2013, Covered Entities have until September 22, 2013 to have their final changes in place. What do medical practices need to do?
Baystate Financial Offers Planning Services to MMS Members
PIAM is pleased to announce its partnership with Baystate Financial, one of New England's oldest and largest privately owned financial services firms, as the preferred financial planning and advising firm for MMS members. With this affiliation, advisors from Baystate Financial will add their expertise in insurance, financial planning, wealth management and estate planning to the Massachusetts Medical Society's professional delivery of financial and insurance resources for its members. For a preferred provider in your district, click here.