Recent Trends in Medical Professional Liability Insurance
By Thomas Bryant, ARM, President, Physicians Insurance It’s been a difficult few years, financially, for physicians. Health systems and hospitals are facing fiscal challenges that are creating upheaval for physicians, health care workers and patients. Meanwhile, many practices are still trying to recover from the pandemic. This uncertainty may have […]
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Why the healthcare staffing labor shortage is so prevalent and what we need to do next
The healthcare labor shortage is a staffing crisis we can no longer ignore. While most people attribute the staffing shortage to COVID-19, the truth is that it was an issue long before the pandemic and will continue to be an issue long after. Factors that contributed to the labor shortage: […]
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How Much Malpractice Insurance Do I Need?: Your Guide to Securing Comprehensive Coverage
Choosing the right amount of medical professional liability, commonly called medical malpractice insurance, is crucial for every medical professional. It ensures you are adequately protected against malpractice claims while balancing costs and legal requirements. This guide will help you navigate the key factors to consider when determining your professional liability […]
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Insurance Industry News
ACA Health Plans Are Being Switched Without Enrollees’ OK Julie Appleby, KFF Health News April 2, 2024 Some consumers covered by Affordable Care Act insurance plans are being switched from one plan to another without their express permission, potentially leaving them unable to see their doctors or fill prescriptions. Some […]
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The Power of Food. The Power of the Pause
–EVENT CANCELLED–How lifestyle medicine, plant-based nutrition, and biological self-awareness build stronger selves, and help us empower our patients The 28th Annual Women in Medicine Leadership Forum Sponsored by the Worcester District Medical Society and Physicians Insurance March 27, 2024, 5:30 pm, Mechanics Hall Join us for a fun interactive evening […]
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PHYSICIANS INSURANCE — OUR PRODUCTS
Your Go-to Broker for All Your Professional Insurance Needs Most people know Physicians Insurance as a leading broker for professional liability insurance for health care professionals and organizations. But did you know that Physicians Insurance offers a full suite of insurance products to cover many different aspects of your practice […]
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The Informed Practice — Moonlighting
—Are You Covered for “Moonlighting”? — Kathleen Finnerty-Schroth, CIC You never want to learn after the claim is made that you don’t have the proper insurance coverage, whether it involves your Auto, your Home, or your Health insurance. So too, it would come as unpleasant news that your professional liability […]
Read More The Informed Practice — AI and Malpractice Risk
What Does AI Mean for Malpractice Risk? There’s been a lot of attention lately given to artificial intelligence. The fourth iteration of ChatGPT was launched in mid-March, featuring deep-learning artificial intelligence that generates human-like responses. A few weeks later, a coalition of technology leaders, including Twitter and Tesla CEO Elon […]
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The Informed Practice — Litigation Stress
Managing the Stress of a Malpractice Lawsuit Malpractice suits are an unfortunate reality for physicians in today’s health care landscape. According to the American Medical Association, 1 in 3 physicians will have a medical liability claim filed against them in their lifetime. More than half of respondents to a Medscape […]
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THE INFORMED PRACTICE – ADDRESSING HEALTH MISINFORMATION
Addressing Health Misinformation By Thomas J. Bryant, ARM President, Physicians Insurance January 23, 2023 In my recent blog, I briefly mentioned misinformation as a factor in patients’ mistrust in the health care system. It’s a topic worthy of further discussion, as misinformation itself has consequences for patients and your practice. […]
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