Why
Risk Management,
Liability Insurance, and Asset Protection for Doctors and Hospitals is as
important as mastering medical profession.
Features
Helps physicians and healthcare providers recognize and reduce
personal and medical practice risks
Presents information in a manner that is highly useful for busy
medical practitioners
Discusses the medical records revolution, cloud computing, data
security, and technology dangers
Considers modern health law and policy including fraud and abuse,
Medicare compliance and how the legislations
is impacting physician practices. There are more then 50 acts, laws and legislations
applicable on doctors. Doctors cannot master in all of them, it is in the
welfare of the doctors to hire risk managing companies so that they could
practice freely.
Includes case models and examples that provide a practical
understanding of how to reduce personal and medical practice risks
Summary
It is not un common for practicing physicians to have more than a
dozen separate insurance policies to protect their medical practice and
personal assets. Yet, most doctors understand very little about their policies.
These days doctors have started getting risk managed through companies and
experts like us but still there are hardly 13% doctors who bother of getting their
risks covered.
Risk Management, Liability Insurance, and Asset Protection Strategies
for Doctors and Advisors: Best Practices from Leading Consultants and Certified
Medical Planners explains to physicians
and insurance professionals the background, theory, and practicalities of
medical risk management, asset protection methods, and insurance planning.
Apart from above said these days its been a trend that approximately 6%
patients hardly spend rupees 10,000/- on their treatment but either they
recover or not they file a consumer complaint for recovery of rupees
20,00,000/- against the same doctor who didn’t left any stone unturned for his welfare.
In such a situation the doctor gets badly effected and following are
consequences.
(1)
There doctor gets mentally and physically harassed which
effect his practice.
(2)
The false complaint against doctors effect them
professionally.
(3)
The complaints against doctors costs them very high.
(4)
The pendency of complaints effect the doctor staff and
the hospital directly and indirectly
BUT
If the doctors, hospitals and their tools (machinery) is covered with
any risk management company then the doctors have not to worry as the risk
managing company will take care of all their hazards. In this way the for
getting risk management cover doctors will have to spend once and even through
this cover they will also get themselves insured.
The book presents information in a manner that is convenient and
highly useful for busy medical practitioners. It discusses the medical records
revolution and addresses concerns regarding cloud computing, data security, and
technological threats.
The book covers modern health law and policy, including fraud and
abuse, workplace-violence, Medicare compliance, HIPAA regulations, AR
protection strategies with internal controls, P4P and value based care,
insurance and reputation management, and how the ARA legislation is impacting
physician practices. It also includes case models and examples that provide you
with a real-world understanding of how to recognize and reduce personal and
medical practice risks.
With time at a premium for all, and so much information packed into
one well-organized resource, this book is a must-read for every physician and
financial advisor that serves the health care sector. The book will help
physicians make better decisions about the risks they face and will help
financial advisors improve the value they provide to their clients who are
doctors.
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