Consider the following case: a concerned woman in her 30s visits you because of a lump in her breast. You order an ultrasound, which the radiologist interprets. He determines the lump is a benign cyst. Still, doing your due diligence, you refer your concerned patient to a surgeon, who reviews the ultrasound report and reexamines your patient, and determines that there is no need for a biopsy.
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If you’re looking at a big shift in your professional life—if you’re moving, or mulling retirement, or simply switching practices—and are currently covered under a claims-made policy, it’s important to start looking into tail coverage right away. Tail insurance fills in the coverage gap caused by the cancellation of a claims-made policy. When a big change necessitates a change in malpractice coverage, you’re looking at the cancellation of your current policy. What you are purchasing with tail coverage is an extended reporting period—that is, an extended period of time that […]
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Implementing the requirements for the Quality Payment Program (QPP) under MACRA can be difficult and confusing for many medical practices. Large groups and healthcare systems undoubtedly have an advantage over smaller practices because they can hire people, sometimes even departments, to interpret and employ the new regulations. Fortunately for the smaller private practice and solo practitioners there are resources available to help with the transition. Last year the Centers for Medicare and Medicaid Services (CMS) made changes to one of the two QPP tracks, the Merit-based Incentive Payment System (MIPS), […]
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