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
The Doctors Company
Insurance
Napa, CA 12,789 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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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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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
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Your practice could face trouble from minor patient disputes even if they do not rise to the level of malpractice or negligence—especially if they aren’t addressed appropriately. In “Don’t Let Patient Disputes Escalate; Plan to Protect Yourself,” published in Part B News, Rich Cahill, JD, Vice President and Associate General Counsel, The Doctors Company, part of TDC Group, offers recommendations for managing troublesome minor patient disputes. To access the article and more from our team of healthcare experts, visit: https://lnkd.in/gEcPsevC #healthcare #patientdisputes #professionalliability #patientsafety #riskmanagement #practiceimprovement
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We are pleased to announce that Thomas (T.C.) Wilson, Chief Investment Officer, The Doctors Company, part of TDC Group, has been reappointed to the California Organized Investment Network (COIN) Advisory Board. The mission of COIN is to guide insurers on making financially sound investments that yield environmental benefits throughout California and/or social benefits within underserved communities. To read the official press release, visit: https://lnkd.in/gQyXJtQr For over 45 years, The Doctors Company has been committed to advancing the practice of good medicine and building healthy communities, improving access to healthcare, and addressing the social determinants of health through our community investment programs. #healthcare #communityinvestment #environmentalbenefits #ESG #socialinvestment
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Understanding the rising cost of medical malpractice claims is crucial for healthcare risk managers. Our recent study revealed that social inflation—where claim costs outpace general inflation—has added an estimated $2.4 to $3.5 billion to losses over the past decade. How does this trend affect risk management strategies and what steps can healthcare risk managers take to mitigate its impact? James P. Lynch, FCAS MAAA, David Moore, and Susan Boisvert explore these important questions in this recently published article in the Journal of American Healthcare Risk Management, where we've sponsored open access rights. To download the article, visit: https://lnkd.in/gzxG_RGe #HealthcareRiskManagement #SocialInflation #InsranceTrends American Society for Health Care Risk Management (ASHRM)
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Understanding the rising cost of medical malpractice claims is crucial for healthcare risk managers. Our recent study revealed that social inflation—where claim costs outpace general inflation—has added an estimated $2.4 to $3.5 billion to losses over the past decade. How does this trend affect risk management strategies and what steps can healthcare risk managers take to mitigate its impact? James P. Lynch, FCAS MAAA, David Moore, and Susan Boisvert explore these important questions in this recently published article in the Journal of American Healthcare Risk Management, where we've sponsored open access rights. To download the article, visit: https://lnkd.in/gzxG_RGe #HealthcareRiskManagement #SocialInflation #InsranceTrends American Society for Health Care Risk Management (ASHRM)
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The Doctors Company reposted this
We were honored to host top executives from leading healthcare organizations to discuss integrating artificial intelligence into healthcare systems and practices at our annual Executive Advisory Board meeting. We extend special thanks and gratitude to our esteemed speakers: ⚕ Robert Wachter, MD, Internist; Chair, Department of Medicine, University of California, San Francisco; Member, Board of Governors, The Doctors Company ⚕Sara Murray, MD, MAS, Vice President and Chief Health AI Officer, UCSF Health; Associate Chief Medical Information Officer, Inpatient Care, UCSF Health; Associate Professor of Clinical Medicine and Associate Chief, Division of Clinical Informatics and Digital Transformation (DoC-IT) ⚕I. Glenn Cohen, JD, Deputy Dean and James A. Attwood and Leslie Williams Professor of Law, Harvard Law School; Faculty Director, The Petrie-Flom Center for Health Law Policy, Biotechnology, and Bioethics at Harvard Law School ⚕Meg Burke Dingae, MHSA, MHSA, Chief Digital Officer, Montage Health ⚕Kevin Johnson, MD, MS, University Professor of Biomedical Informatics, Computer Science, Pediatrics, and Science Communication at the University of Pennsylvania; Vice President of Applied Clinical Informatics in the Penn Medicine, University of Pennsylvania Health System In the weeks following the event, key lessons from this gathering will be available on TDC Group’s Insights and Resources from Leading Voices in AI. Stay up to date with these innovative updates: https://lnkd.in/gmJmuhMM #healthcare #futureofhealthcare #professionalliability #MPL #AIinHealthcare #HealthcareTechnology #AIEthics #AIRegulations
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