Negative Publicity: Crisis Management for Businesses, Medical Practices

Issues in the news like the recent Ashley Madison data dump prove how negative publicity related to your practice or  the personal activities of any of its owners or employees, can have devastating effects on your professional reputation and financial solvency. Regardless of the cause, every business and medical practice owner and manager should understand some PR crisis […]

Celebrity Medical Patients Require Extra Supervision, Create Higher Risks

Celebrity (or just high-profile) patients present a number of unique challenges for medical practices and require additional supervision and compliance measures to protect the practice, the patients and staff.     In last week’s discussion I provided some detail on the death of Joan Rivers during her treatment at an outpatient surgery center (ASC), and […]

Employees, Financial and HIPPA Data Create Risk for Medical Practices and Business Owners

HIPAA and financial data present an ongoing asset-protection issue for physicians and medical practices. This week we take a look at a specific exposure suffered by up to 40,000 (yes, 40,000) patients of one Arizona medical practice and some simple precautions that may help your practice avoid the same exposure.  While written for doctors, this […]

Medical Marijuana: Legal Issues for Physicians

Nearly two dozen states now allow the legal use of medical marijuana. Given the growing mainstream acceptance of the drug as a potential natural alternative for a variety of pharmaceuticals, physicians are more apt to get questions about it than ever before. Today we take a first look at a variety of legal issues and common questions […]

Medical Practice Liability Insurance Tune Up: The First Line of Defense

We’ve previously detailed both the most common fatal flaws in physicians’ asset-protection planning and the reasons insurance alone is inadequate to protect doctors. Those issues aside, insurance against known and recurring exposures is always the essential first line of defense.   As you’ve seen in this column before, it is unreasonable to think that we […]

What Medical Practices Must Know About RAC Audits and Insurance

 Medical Billing & Collections, Risk Management By Ike Devji, JD   In a series of recent discussions we have examined exposures like ELPI Insurance, cyber liability insurance, and the need for directors and officers coverage by many physicians and practice owners. Continuing our examination of commonly overlooked medical practice risk management issues we turn to […]

Directors and Officers Liability Insurance Issues for Physicians

A commonly overlooked area of risk management in physician’s business and asset-protection planning is the need for “Directors and Officers” coverage, commonly referred to as D&O insurance.   In previous articles we have covered a variety of essential life, disability and liability insurance strategies, always the first line of defense. This week we examine the […]

HIPAA EXPOSURE GETS EVEN MORE ONEROUS – Medical Practice

As we’ve discussed in several previous articles, insurance that covers corporate and executive liabilities in an essential first line of defense, including Data Breach or Cyber Liability Coverage for doctors. This coverage grew even more important on Jan 25, 2013 as DHS provided additional rules and liability for medical practices which go into effect on March […]

10 Survival Tips on Asset Protection for Real Estate Investors & Owners

  Real estate management issues fall into several basic categories: debt, liability, and loss. We provide an introduction to these issues to help you get your house in order below. As many business owners and physicians also have investment in real estate outside their business itself, I’ve included issues of wide applicably. Debt The nature of […]

Addressing Employee Liability Issues at Your Medical Practice or Business – 12 Month Practice Tune-up

January 08, 2013 | Finance, Risk Management, Law & Malpractice, Staff By Ike Devji, JD Happy New Year and thanks for continuing into 2013 with us. In one of my last columns of 2012, I suggested that many of the complex issues we discussed together over the last few years in this forum can seem […]