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The Question & Answer (Q&A) Knowledge Managenet
The Internet has many places to ask questions about anything imaginable and find past answers on almost everything.
What would be the best advice for a nurse caring for patients who have complained about their treating physician? Listen carefully and see that the comments reach the physician.
T/F: When a defense claims that the patient’s actions caused or contributed to the injury, this is called denial defense. What are two factors that would influence the cost of premiums for a malpractice insurance policy?
Each of the specialties listed had a rate of claims more than double the average of all specialties, with neurosurgery having the most at 53.1 claims/1000 physician-years. Neurosurgery also had the highest mean payment from paid claims at $469,222 (dermatology had the lowest at $189,065).
52%—and certain specialties see significantly more malpractice suits than others….
Specialty | Percentage of physicians who’ve been sued |
---|---|
General surgery | 85% |
Urology | 84% |
Otolaryngology | 83% |
OB-GYN and women’s health | 83% |
Because our doctors are paid, on average, more than $250,000 a year (even after malpractice insurance and other expenses), and more than 900,000 doctors in the country, that means we pay an extra $100 billion a year in doctor salaries.
These states do not require malpractice insurance and have zero minimum requirements for practitioners: “Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kentucky, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, North …
New York
No federal law requires doctors to carry medical malpractice insurance, but some states do. Whether or not doctors are required to have insurance depends upon the state where they practice. Roughly 32 states require no medical malpractice insurance and have no minimum carrying requirements.
A specialized type of professional liability insurance, medical malpractice insurance provides coverage to physicians and other medical professionals for liability arising from disputed services that result in a patient’s injury or death.
HPSO
Acronym | Definition |
---|---|
HPSO | Healthcare Providers Service Organization |
HPSO | Hardy Plant Society of Oregon |
HPSO | Hybrid Particle Swarm Optimization (algorithm) |
HPSO | Hewlett-Packard Symphony Orchestra |
Occurrence Example An occurrence policy is typically more expensive than claims-made policy because there isn’t a limit on the time a claim must be reported. There’s no advantage to having a claims-made coverage over occurrence coverage, and vice versa. It depends on how you’d like your coverages to be activated.
On average, medical malpractice insurance costs $7,500 per year. Surgeons tend to pay between $30k and $50k in annual premiums. Other medical professionals typically pay between $4k and $12k per year, depending on their specialty and area of expertise.
Most employer-provided liability insurance is “claims-made” coverage. So, it is vital physicians carry their own professional liability insurance to make sure they are adequately covered no matter where they work or when they decide to seek other career opportunities.
Health insurance specialists may also be referred to as medical coders, claims examiners, insurance billers, or health information technicians.
It protects physicians and other healthcare professionals against claims alleging their negligent acts caused injury to patients. Medical malpractice insurance is essential for nurses, dentists, opticians, physical therapists, or anyone else who provides healthcare services.
What are 2 reasons for physicians to purchase professional liability insurance? 1. Protect physicians for their own negligent actions 2. Protect physicians if they are sued for the negligent actions of their employees while on the job.
Hospital-employed physicians’ premiums are typically paid by the hospital. In some cases, each physician covers his or her own premiums from their own revenue, but in most cases, malpractice is considered overhead of the group.
The average cost of Medical Malpractice Insurance is $7,500 annually. However, there many types of doctors and countless insurance variables. Keep this in mind when searching for coverage. Surgeons pay between $30,000 and $50,000 a year.
OB/GYN physicians also have the longest “tail” exposure and expensive tail coverage costs. Medical malpractice insurance companies that insure OB/GYN physicians assume a much more risk due to the long period of time that patients have to file a claim.
The average salary for a doctor in California is around $150,000 per year.
The 10 Lowest-Paid Specialties