Press release
The Medical Community Urges Change To Reduce Malpractice Costs
With the recent increase in medical malpractice insurance rates in the state of New York, many medical professionals as well as business groups around the country say that action has to be taken now to reform medical malpractice laws and reduce malpractice costs.There is a belief that there should be limits in malpractice lawsuits in order to reduce medical malpractice costs. However, there are those who say that the focus should be on improving communication between medical providers and their patients in addition to providing better health care.
New research conducted in the state of Michigan revealed that when doctors make mistakes, saying, “I’m sorry” and offering compensation goes a long way and can prevent costly malpractice lawsuits.
Hospitals in the state of New York are currently taking steps to reduce malpractice costs. Five hospitals are taking part in a pilot program that will focus on determining medical errors early, providing settlements in a timely manner, and using judges to help negotiate settlements.
“While reforming medical malpractice laws may temporarily help reduce malpractice costs, it’s important to get to the root of the problem, and that is to reduce preventable medical errors and focus on taking care of the patient,” says Michael Kataf of Nexus Insurance Services. “It’s been shown that when doctors are sincere, honest, and transparent, they are less likely to be sued for medical malpractice.”
There have been other ideas that have come about to help reduce malpractice costs such as:
* Improving safety performance in health care settings. Determine what is causing the most claims and take steps to improve the standards in these areas.
* Focus on doctors who have a history of malpractice. Take away their licenses until they can prove that they are competent.
* Create courts of law that specialize in medical malpractice lawsuits. Litigation will no longer be passed from judge to judge and there would be greater consistency in decision-making.
“Regardless if medical malpractice laws are changed, it’s important for the medical community to take notice and make changes on a local level and even personal level,” says Kataf.
About Nexus Insurance Services
Nexus Insurance Services is a professional insurance broker that has helped many doctors, lawyers, realtors, and business owners gain access to insurance providers for their practice or business. The company's mission is to be a firm that brings real value to clients, builds personal relationships on top of business ones, and always conducts itself with sincerity, integrity and fairness. .Because of the relationships with many providers, the company is able to shop a client's application around to get the best rates. Contact Nexus Insurance for a free, no obligation quote on medical malpractice insurance, professional liability insurance, or workers compensation insurance. For more information, visit: http://www.nexus-insurance.net
Contact:
Michael Kataf
Nexus Insurance Services
15 Edelweiss
Rancho Santa Margarita, CA 92688
Phone: 800-459-3353
Fax: 888-600-6280
Email: info@nexus-insurance.com
http://www.nexus-insurance.net
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Medical Community Urges Change To Reduce Malpractice Costs here
News-ID: 143155 • Views: …
More Releases from Nexus Insurance Services
Nexus Insurance Services Launches Blog Covering Malpractice Insurance and Patien …
Nexus Insurance Services, a broker specializing in medical malpractice insurance, has announced the launch of a new Tumblr blog sharing news and information for medical professionals and medical students.
The California-based company currently has Facebook and Twitter accounts to connect online with customers and those interested in healthcare news. Titled “Malpractice Insurance Info & Resources”, the Tumblr-hosted blog will serve as the official company blog.
“We realize that many medical…
Nexus Insurance Services Launches Patient Safety Article Series
Professional liability insurance broker promotes patient safety in new article series on the company's blog.
California-based medical malpractice insurance broker Nexus Insurance Services has announced a new article series that will be published on the company’s Tumblr blog. The series will run for one week starting December 3, 2013 and focus on patient safety. One post will be published per day at malpractice-insurance.tumblr.com, and will cover patient safety tips and other…
More Releases for Kataf
Documentation and Communication the Best Defense Against Medical Malpractice Law …
While many lawmakers and politicians are emphasizing the need for medical malpractice reform and placing caps on malpractice lawsuits, the solution to preventing lawsuits in the first place could be in the hands of doctors and physicians says Nexus Insurance Services.
Poor communication from doctors to patients has been continuously cited in a variety of studies as one of the main reasons why there are lawsuits. A study…
Increased Demand in Physician Assistants Requires Proper Training Says Nexus Ins …
Out of all health care professionals, it’s been projected that there will be an increase in demand for physician assistants in upcoming years. Physician assistants are important to the health care system in that they help relieve physicians of routine duties and procedures, plus they are more cost-effective for hospitals and clinics to employ. However, because physician assistants will have more responsibilities, including helping out with medical…
E-Prescriptions: Still Room For Improvement Says Nexus Insurance Services
Despite advances in technology within the medical field, information delivered electronically still has its challenges. A 2008 study of electronic prescriptions discovered that there was a 11.7% medication error rate of all the prescriptions. The study was published in the Journal of American Medical Information Association and conducted by a team headed by Karen Nanji, M.D. of Massachusetts General Hospital in Boston.
The researchers reviewed 3850 computer-generated…
Nexus Insurance Services Now Offers Podiatry Malpractice Insurance
Nexus Insurance Services, a company offering professional liability insurance and medical malpractice insurance, has announced that it is now offering malpractice insurance for podiatrists.
There are approximately 14,000 podiatrists in the U.S. today with many of them working in a private practice. Podiatrists provide only about 39 percent of the foot care tendered in the United States. Orthopedic surgeons, physicians, and physical therapists make up the rest.…
Medicaid’s New Rule Creates More Awareness of Patient Safety Says Nexus Insura …
In an effort to promote patient safety in the medical field, beginning July 1, 2011, Medicaid will no longer pay for “Never Events”. This follows in the footsteps of Medicare’s ruling back in 2007 that the federal government would no longer pay health care providers who make these types of mistakes. This means that the hospital will have to cover extra expenses that arise from any additional problems…
New York Doctors Still Have Options For Medical Malpractice Insurance Says Nexus …
With recent changes in New York medical malpractice insurance rates, there are physicians who will see an increase in their insurance premiums. Although the average increase is about 5 percent, the changes in rates can be more or less depending on the area of medicine they specialize in and/or location.
This rate increase will affect physicians who are insured with Medical Liability Mutual Insurance Company, Physicians’ Reciprocal…
