There was a 400% increase in the number of malpractice court awards of $10 million or more from 2014 to 2023. While there were only 12 verdicts this size in 2014, the year 2023 brought a staggering 59 nuclear verdicts. “The size of these verdicts is deeply concerning to us,” says Bob White, President of The Doctors Company and TDC Group, during his recent discussion with Business Insurance. Read the interview to learn how social inflation is reshaping healthcare: https://lnkd.in/gnAYNBmD #SocialInflation #NuclearVerdicts #MPL #ProfessionalLiability #MedicalMalpractice #Jury
The Doctors Company
Insurance
Napa, CA 12,828 followers
The nation's largest physician-owned medical malpractice insurer
About us
Founded and led by physicians, The Doctors Company is committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company takes the mal out of malpractice insurance by helping practices of all sizes manage the complexities of today’s healthcare environment—with expert guidance, resources, and coverage. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 82,000 members and $4.5 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings. Part of the TDC Group of companies (www.thetdcgroup.com). The Doctors Company encourages interaction, discussion, commentary, and questions, but we ask that you keep your comments and posts relevant and respectful. Personal attacks, inappropriate language, racism, spamming, and posts that violate patient privacy will not be tolerated. We reserve the right to remove any post or ban anyone who violates these guidelines. We reserve the right to remove posts advertising commercial products, those that violate LinkedIn's terms of service, and those that are inaccurate or otherwise objectionable. Twitter: www.twitter.com/doctorscompany YouTube: www.youtube.com/user/doctorscompany Facebook: www.facebook.com/thedoctorscompany
- Website
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http://www.thedoctors.com
External link for The Doctors Company
- Industry
- Insurance
- Company size
- 501-1,000 employees
- Headquarters
- Napa, CA
- Type
- Privately Held
- Founded
- 1976
- Specialties
- Medical malpractice insurance for physicians, surgeons, large groups, hospitals, and integrated delivery systems, medical practice coverages, patient safety and risk management, CME, and claims management
Locations
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Primary
185 Greenwood Road
Napa, CA 94558, US
Employees at The Doctors Company
Updates
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We’re recognizing World Patient Safety Day alongside the World Health Organization to spotlight the importance of providing safer healthcare for everyone. This year's theme, "Engaging Patients for Patient Safety," emphasizes the vital role patients, families, and healthcare professionals play in ensuring a safer, more responsive healthcare system. We are committed to helping healthcare professionals be proactive for diagnostic safety to reduce the frequency and severity of malpractice claims and patient harm. Visit The Doctors Company Diagnostic Safety Resource Center to learn more: https://lnkd.in/gE7G_byQ #WorldPatientSafetyDay #WPSD #DiagnosticSafety #patientsafety #riskmanagement #healthcare
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The Doctors Company reposted this
Bob White, president of The Doctors Co., discusses the company's recent study on rising court awards and their effect on the medical malpractice insurance sector. Watch now:https://bit.ly/4enybvk TDC Group #medicalinsurance #thedoctorscompany #malpracticeinsurance
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The Doctors Company reposted this
Artificial intelligence (AI) has potential to be a powerful ally for healthcare professionals in ensuring the delivery of high-quality care—while also creating potential new patient safety risks. Robert Wachter, MD, consults ChatGPT regarding a challenging patient case during the TDC Group 2024 Executive Advisory Board Meeting. Dr. Wachter is an Internist; Chair, Department of Medicine, University of California, San Francisco; and Member of the Board of Governors for The Doctors Company. To watch Dr. Wachter’s full presentation, “Is This Healthcare’s AI Moment?,” visit: https://lnkd.in/gd4hFDHb #healthcare #futureofhealthcare #professionalliability #MPL #AIinHealthcare #HealthcareTechnology #AI #ChatGPT #GPT4
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In 2023, nuclear malpractice verdicts hit a record high. There were 57 medical malpractice verdicts of $10 million or more, with more than half of those verdicts hitting $25 million. In “5 Notes on the Rise of Malpractice Verdicts,” Robert White, President of The Doctors Company and TDC Group, discusses how a rollback of tort reforms across the country is one contributor of the rise of malpractice verdicts. To access the article and more from our team of healthcare experts, visit: https://lnkd.in/gpFmQb5Z #SocialInflation #NuclearVerdicts #MPL #ProfessionalLiability #MedicalMalpractice #Jury #tortreform
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Effective management of patient billing is crucial for the smooth operation of healthcare practices. “Patient Billing Challenges: Frequently Asked Questions” provides detailed answers to common questions and offers strategic solutions to common billing challenges. Learn more: https://lnkd.in/gYVKBW-5 #PatientBilling #MedicalBilling #MedicalBills #PatientCare #PatientCommunication #RiskManagement #Healthcare
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If a patient requests medical records via email and you do not use a secure email system, can you send it unencrypted? The general principle of HIPAA security and privacy laws and rules is to protect the patient’s protected health information (PHI) from unauthorized disclosure to third parties. In theory, if the patient consents to insecure transmission of their data, you would be able to provide it. In “Your Patient Wants Records Sent Via Unsecure Email. Are You Covered?”, published by Part B News, Rich Cahill, JD, Vice President and Associate General Counsel, The Doctors Company, part of TDC Group, provides recommendations for how to respond when patients request emailed medical records. To access the article and more from our team of healthcare experts, visit: https://lnkd.in/g696fZbW #PatientSafety #RiskManagement #Healthcare #ProfessionalLiability #PatientRecords
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We're looking forward to seeing attendees at the 2024 California Society of Dermatology & Dermatologic Surgery (CalDerm) Fall Symposium from September 6 to 8. Visit with our Account Executive Kacie Lind, MHA, to discuss medical professional liability options for dermatologists. To learn more about the event and to register, visit: https://lnkd.in/gjDZspei #MPLA #ProfessionalLiability #Healthcare #Insurance #dermatology #dermatologist
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Nationwide, the cost of the average medical malpractice claim has increased dramatically, even as the frequency of claims against our insured clinicians has decreased. In November 2023, The Doctors Company released a study on diagnosis-related medical malpractice claims with an indemnity over $1 million. Now, to expand our understanding, we have conducted a new analysis. We began with the guiding question: Do contributing factors differ between malpractice claims with no payment and claims with indemnity payments? To access the full study, visit: https://lnkd.in/gZn4AUYW #closedclaims #indemnity #malpractice #professionalliability #healthcare #socialinflation
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Representatives from The Doctors Company admitted medical professional liability (MPL) team, including business development, patient safety, and underwriting, are looking forward to the American Society for Health Care Risk Management (ASHRM) 2024 Annual Conference. Our team will be available to coordinate meetings with attendees and share MPL updates. Please contact Bruce Anderson at [email protected] to schedule a meeting time. To learn more about the event and to register, visit https://lnkd.in/ev9rsQUS. #PatientSafety #RiskManagement