By Tom Murphy For the second time in six months, the Office of Insurance Regulation (OIR) has approved a rate decrease that will affect all Florida businesses. Insurance Commissioner David Altmaier’s statement attributes the 1.8% overall decrease to the recent federal Tax Cuts and Jobs Act. The new rates will take effect for all new

As featured in the South Florida Hospital News and Healthcare Report, March 2018 By Daniel Casciato One of the biggest medical malpractice changes South Florida healthcare providers need to be mindful of this year is last year’s decision by the Florida Supreme Court to strike down malpractice damage caps. In June 2017, the high court

Q: We keep hearing that a medical malpractice insurance hard market is coming in Florida. What does this really mean and when should we be concerned? A: The market cycle for malpractice insurance in Florida has fairly predictable cycles, with extreme fluctuations in pricing and insurers’ underwriting. For example, the late 1990s and early 2000s were

On September 12, 2016, Danna-Gracey CEO Matt Gracey received the Buchman Award for extraordinary achievement in the healthcare liability industry. This annual award is present to a partner who makes a significant positive contribution to the field and embodies the spirit of MedPro’s core values. Matt’s contributions include the development of a unique business strategy

As all Florida businesses large and small come to the realization that their workers’ compensation premium has increased almost 15% as of December 1st, 2016, most of them are completely unaware that this increase is only the beginning of additional increases if the Florida legislature does not take action this session to alleviate the effects of

Medical expert witness testimony is essential to all medical malpractice legal proceedings. Usually, without a medical expert, plaintiffs cannot proceed to trial, and defendants are usually doomed to an adverse jury verdict. Medical experts are recruited in many ways, even from proprietary companies who offer a diverse variety of experts. Many professional organizations, including the

In 1899, Dr. A.P. Buchman, a practicing physician in Fort Wayne, Indiana, helped father a law through the state legislature making possible the organization of insurance companies to cover malpractice hazards. Out of this legislation was born the creation of medical malpractice insurance, and with it, the company that is known today as MedPro Group. Over 100

Florida Supreme Court Overturns Legislative Reforms By Tom Murphy Florida employers have enjoyed a series of decreases in workers’ compensation rates since the 2003 legislative overhaul that has led to a reduction of over 50% in rates over the past 13 years. It appears the good times are about to come to an end for

By Bill Gompers During the last decade, many of my friends and clients have made the decision to abandon their own practices and move to the employment model.  Some have gone to academic settings while others have opted to join hospitals, larger independent groups, or corporations.  The driving factors compelling these actions include declining reimbursement

By Tom Murphy Behavioral healthcare, and specifically addiction treatment, is rapidly growing and changing as the United States tries to move away from the failed “war on drugs” to the “demand reduction” model. Additionally, the Affordable Care Act has not only increased the number of insured patients seeking care, it has managed to bring behavioral