As a physician you may wonder if it is a good idea to finance your medical malpractice insurance premiums. For some, the benefits of cash flow throughout the year outweigh the finance charges that are applied for monthly or quarterly payments. Of course, you will want to find out how much it will cost you to spread the premiums out…
The Missouri Department of Insurance has released its 2010 Missouri Medical Malpractice Insurance Report, which is available here. The MO Dept. of Insurance has collected data on Missouri medical malpractice claims for more than 30 years. This is important data for physicians, hospitals, and insurance companies because it shows how claim frequency and severity fluctuates from year to year. …
Clients, business partners, neighbors and friends are invited to our annual Christmas Open House on Thursday, December 8th from 5:30 p.m. to 7:30 p.m. Stop by The Keane Insurance Group office in Kirkwood (135 W. Adams Ave. 63122) and celebrate the holidays with us.
To Our Valued Clients and Potential New Customers: As fall rushes in I am reminded that we are again near the close of another year. I hope that things are going well for you this year and that you finish with a prosperous 2011. I know the last few years have been challenging for many practices. Although there are still…
Every physician and healthcare worker has heard the serious warnings related to HIPAA Violations. For most, being cautious, following the rules, and putting safeguards in place protects them from breaches of patient privacy and the resulting penalties. But what if someone outside of your practice loses data about your patients’ health, medical records, or personal information? You could be held responsible. Of course…
In many parts of the country physicians are choosing to become employees of hospitals, healthcare systems, or large groups rather than face the unknown in their own private practices. While there are some good reasons for this trend, physicians need to be aware of some of the risks. A recent article highlights some of the issues that doctors should consider.…
Physicians and groups may have exposure to risks that their Medical Malpractice Insurance Policy doesn’t cover. A growing trend with MedMal carriers is to include some coverage for additional risks traditionally excluded. As an example, Medicus Insurance Company adds their Gold Advantage endorsement at no cost to all MedMal policies. This includes coverage for HIPAA Violations, Medical Board Reviews, RAC…
It’s no surprise that the content of most physician Risk Management courses and seminars focuses on improving communication with patients. This is because experts know that better communication between physicians and their patients reduces the likelihood of a medical malpractice lawsuit. This fact has been proven again recently in a new survey of doctors and patients, which was commissioned by…
It seems like a common courtesy to say “I’m sorry” when someone is upset with you for some reason. Like when you bump into to another shopper in line at the grocery store. You might apologize even if it wasn’t your fault. “Oops, I’m sorry, I didn’t mean to get in your way.” A statement like that can make the…
The addition of millions of patients has the potential to rock the system.