Articles posted by Michael Matray

Understanding Claims-Made vs. Occurrence Malpractice Insurance When shopping for medical malpractice coverage, physicians need to understand the key differences between claims-made malpractice insurance and occurrence policies. Both options protect against medical negligence claims but differ in how extended reporting tail coverage is provided, impacting costs, policy management and long-term financial planning. How Claims-Made Malpractice Insurance […]

Your medical malpractice insurance premium is primarily determined by the statistical risk of a healthcare provider practicing in the same specialty and geographic area facing a medical negligence claim, as well as the expected cost of defending such a claim. Factors That Influence Malpractice Insurance Premiums Specialties like obstetrics and orthopedic surgery are considered high-risk […]

Medical malpractice insurer Curi recently announced that Jason Sandner will take over as its next chief executive officer on July 1, 2021, when current CEO Dale Jenkins steps down after more than 25 years of service to the company. Sandner is currently the company’s chief operating officer and chief financial officer. Jenkins will continue to […]

The U.S. medical professional liability (MPL) insurance segment experienced a notable deterioration in underwriting results in 2019. The already dim prospects for the segment’s profitability have been clouded by COVID-19, with uncertainties regarding impacts to loss costs as well as premium refunds and the ability to put planned rate increases into effect, according to a […]

America’s independent physician practices face unprecedented, devastating financial losses due to the COVID-19 pandemic, reporting, on average, a 55 percent decrease in revenue, and a 60 percent decrease in patient volume, since the beginning of the COVID-19 crisis. “New MGMA data show that 97 percent of medical group practices have experienced a negative financial impact […]

Amidst Healthcare Uncertainty, PIAA 2017 Medical Liability Conference Focused on Current Challenges, Future Concerns Hosted at the Broadmoor Hotel in Colorado Springs, Colo., with the backdrop of a Republican plan to repeal and replace the Affordable Care Act stalled between the U.S. House and Senate, the 2017 PIAA Medical Liability Conference convened from May 17 […]

Leveraging Big Data to Mitigate Medical Liability Risks, Improve Practice Economics The era of big data in medicine is here, and it promises to improve the overall quality and efficiency of healthcare, increase profitability, reduce waste, predict epidemics, cure diseases and help avoid adverse medical outcomes. Of course, its success is reliant upon collecting the […]

by Michael Matray, editor of Medical Liability Monitor New York’s medical malpractice insurance market was the subject of two lengthy articles last month that examined the state’s shifting competitive landscape and the questionable finances of its second-largest insurer of medical liability, Physicians’ Reciprocal Insurers (PRI). In an article dated April 9, Politico New York primarily […]

by Michael Matray, editor of Medical Liability Monitor Consumer demand for convenience, access and affordability is changing how episodic-care and preventative medicine is delivered in the United States. A novelty 15 years ago, today there are more than 3,000 convenient care clinics in the United States, most located within the nation’s largest big-box retail outlets. […]