Category Archives: General

The Importance of Multi-factor Authentication in Your Practice

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By Steve Whalen According to Coalition, the leading cyber insurance company for small and midsize businesses, approximately 36% of claims reported by their policyholders occurred due to a business email compromise. These claims resulted in a range of losses, from ransomware, social engineering, and funds-transfer fraud to regulatory penalties and data-restoration costs, among others. Each

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Employers Urged to Review EPLI Policies as COVID Lawsuits Loom

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By Vanessa Orr As businesses begin to open back up, employers are facing a myriad of issues pertaining to employee and patient safety. Some employees are ready to work but are afraid of contracting the virus; others may refuse to follow CDC guidelines, despite these rules being in place to ensure a safe reopening. Still

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Wave of Lawsuits May Follow Second COVID Wave

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By Vanessa Orr It was already a perfect storm: the medical malpractice marketplace was hardening considerably as a result of insurers losing money not just in Florida, but in almost every state. Claims frequency was slowly rising as claims severity rose at a rapid pace; yet pricing had been kept very low because of the

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Telemedicine Applications Put Your Practice at Risk of a Cyberattack

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By Tom Murphy The current COVID-19 pandemic has accelerated the use of telemedicine. It has forced the sudden adoption of telemedicine by many medical practices and healthcare systems, accompanied by government and payer emergency measures that have helped to make telemedicine care easier. Most of these emergency measures will sunset, and while most physicians and

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Healthcare Heroes: Yes, Pandemic Lawsuits Will Become Viral

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By Matt Gracey What a spicy, hot pandemic stew of lawsuits is brewing in America! This is particularly true in the healthcare world since this is a mother lode of a healthcare crisis. Simmering now and headed to a boil are incredibly strong factors: Fear; sadness; isolation; divisiveness; suspicion; and distrustfulness of authority, of others,

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How the COVID-19 Crisis is Affecting Malpractice Insurance

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By Vanessa Orr The spread of the coronavirus has affected every aspect of healthcare, and that includes malpractice insurance. While some physicians are on the front lines, others are experiencing a slowdown in business - and both have concerns. “We are seeing a lot of activity from clients who have questions about what to do
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Individual APP Policies Can Result in Costly Surprises

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By Vanessa Orr It is very common in most medical practices to have advanced practice providers (APP) such as physician assistants, nurse practitioners, registered nurses, surgical assistants and more listed on the practice’s malpractice insurance. Through this policy, they may either share in the limit of liability or have a separate limit of their own,

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Hardening Malpractice Market Means Physicians Will See Higher Rates, Fewer Discounts

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By Vanessa Orr For the last 13 years, the Florida malpractice insurance industry has remained relatively soft, which is good news for physicians and medical practices. Unfortunately, the days of lower premiums, discounts and credits are slowly disappearing. “We haven’t seen a hardening market since 2002-07, and back then, it was really bad,” explained Medical

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Advanced Practice Providers’ (APPs) Increased Practice Means Increased Risk

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By Daniel Casciato Healthcare professionals want to prevent any potential legal actions as it relates to the excellent care they provide to their patients. This includes advanced practice providers (APPs), such as Nurse Practitioners who now face similar legal issues to those experienced by physicians and other medical providers. According to Tom Murphy, a Med

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Medical Malpractice “Shock Loss” Claims are on the rise

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by Matt Gracey Insurance underwriters use simple loss ratios (losses and expenses divided by premiums) as one of the tools with which to gauge a company’s suitability for coverage. High loss ratios, in which the losses approach, equal, or exceed the premium, are not good. One factor that has a large effect on loss ratios

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