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
By Julie Danna – Last November I read an article on cyber attacks in healthcare that broke down the price of data on the black market. It estimated that a credit-card number is worth $1, a Social Security number is worth $3, and a medical record is worth $200. This really caught my attention and
By Matt Gracey The Florida Supreme Court’s recent overturn of the caps on non-economic damage awards in medical malpractice cases is the final nail in the coffin of tort reforms enacted in 2003. The frequency of lawsuits against doctors and correspondently the premiums for malpractice insurance in Florida since 2003 have dropped on average about 65%
By Vanessa Orr Physicians who invest in malpractice insurance in Florida have had the benefit of buying in a soft market – characterized by low rates and low claims – but according to insurance specialist Matt Gracey, CEO of Danna-Gracey, the leading independent medical malpractice insurance agency in the state, that is about to change.
By Matt Gracey As we enter 2017 there are a number of unclear predictions about the medical malpractice insurance market in Florida, but one that I feel very confident about is that, for the first time in at least a decade, that market is on the verge of change for the worse. The biggest
Confused by cyber threats to your practice? You just might consider the Orient Express! By Matt Gracey According to the Ponemon Institute Sixth Annual Benchmark Study on Privacy & Security of Healthcare Data, published in May 2016, “Data breaches in healthcare are increasingly costly and frequent, and continue to put patient data at risk. Based on
MedMal Direct settles 95% of their medical malpractice claims with payments to the plaintiffs, recent study in Florida shows. By Matt Gracey This is a classic story of cheap vs. good. With the extremely competitive climate in the Florida professional liability insurance market for physicians and surgeons, one can often lose sight of the most-important
By Tom Murphy We are reminded almost daily of the consequences of a mentally ill person is being allowed to work in a profession in which they place others at risk, in addition to themselves. Some examples are police, military, aviation, and even school-bus drivers. This sometimes-fatal combination reminds us of the ongoing argument about
By Tom Murphy Along with the evolution of electronic health records (EHR) comes the potentially expensive reality of data breaches and theft for all medical practices, both large and small. Many physicians and practice administrators still believe their practice is too small to be a target for hackers. Everything we have seen over the past
By Bill Gompers Healthcare providers, by the nature of their business, always face liability risks. Although many of these risks can be lessened through implementation of risk-management practices, they can rarely be eliminated. Thus, it is prudent to implement a liability-insurance program that addresses the healthcare provider’s needs and ensures your peace of mind should