Over the last decade we have seen a boom in medi-spas. And, with the recent down-turn in the economy, it has become harder and harder for many medi-spas to continue to generate the large profits they once saw. As a result, many medi-spas are trying new therapies to bring in new clients, trying to make […]

Richard E. Anderson, MD, FACP, the Chairman and CEO of The Doctors Company, recently appeared on Healthcare Matters to discuss his views on the problem of defensive medicine. In the first of a series of videos, Dr. Anderson defines defensive medicine as “A test, procedure, or therapy that is ordered by a physician primarily to […]

While we here at MyMedicalMalpracticeInsurance.com like to think globally and act locally as often as possible, it is not the best practice for physicians to go with their local med mal agent. Here are our Top 5 reasons why physicians should not use a local med mal agent, and instead, should use a nationally-known med […]

Growth is great in your medical practice. Growing pains are not. The agents at MyMedicalMalpracticeInsurance.com place physician liability insurance coverage for new doctors being added to medical practices on an almost daily basis. And, here are three key points that should always be discussed by both parties when going through this transition. 1. Employee versus […]

Every day at MyMedicalMalpracticeInsurance.com we are asked to explain the different features of the types of med mal policies available. Today, we’d like to discuss one aspect of the claims-made policy. It is the claims-made step rate premium increases from year 1 to year 5 (or maturity). If you are unprepared for these rate increases, […]

Dr. Smith happily joined a new practice on Jan 1. On Feb 1, he received a letter from his previous medical malpractice insurance carrier saying that his previous employer would not purchase his tail coverage for that practice. He is now facing a gap in coverage and is responsible for finding his own tail coverage. […]

ISMIE Mutual Insurance Company, Illinois’ largest medical liability insurer, was founded in 1976 as a response to a boom in medical malpractice litigation that dragged the state into an insurance affordability crisis. Prior to ISMIE, Illinois physicians had few liability insurance options. They could pay escalating premium prices, practice bare—without insurance—or participate in an underwriting […]

Side note: On Tuesday, the Massachusetts Medical Society released its annual MMS Physician Practice Environment Index,a report on 9 factors in the state that influence the practice environment for physicians. For 16 of the past 18 years, the analysis has shown a decline in this environment – and 2009 was no exception. Of the four […]

side note: The unpopular reversal of the Illinois medical malpractice reform law has become a hot topic in the upcoming, Nov. 2, Supreme Court retention elections. The Illinois Lawsuit Abuse Watch has parked a billboard truck in front Kankakee County Courthouse proclaiming the slogan “Good Judges Matter.” This display of dissatisfaction about the courts recent […]