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 […]
Joan Rivers’ Death Puts Liability Spotlight on Outpatient Surgery Centers
Comedienne Joan Rivers went into cardiac arrest while being treated at an ASC, or outpatient surgery center and died a week later after lapsing into a coma. As a result, ASCs are in the media and regulatory spotlight for a variety of legal issues, including doctor referrals, standards of care and how they are run, often not […]
Lawsuits Against Doctors Are For More Than Just Medical Care Delivered
Getting back to the asset protection roots of our discussions, today we examine a variety of liabilities for doctors that are not strictly related to the “standard of care” at the center of most malpractice claims. If you joined us last week, we discussed so-called “defensive medicine” and the idea that limiting diagnostics based on […]
“Defensive Medicine” is often Good Medicine and “Best Practice” for Doctors
Asset protection for doctors is the main focus of this column (note: this article originally appeared at www.PhysiciansPractice .com, The Nation’s Leading Practice Mgmt. Resource) and we’ve examined it from many angles over the last 100+ articles I’ve shared here. Today, we examine the issue of defensive medicine, much decried by politicians and insurance companies and […]
Asset Protection Trusts For Doctors – An Introduction
Asset-protection strategies for physicians take many forms and range from sound policies and procedures that seek to minimize risk and liability to crisis-management plans, the right kinds insurance, and, finally, specific legal tools. All of these strategies can be valid and effective parts of a true asset protection and risk management system and the key […]
Drug-Based Treatment Liability Issues for Physicians
A variety of medical specialties use drug-based treatments administered by the physician’s office as a routine part of their treatment regimes. This usage presents expanding serious liability issues that require serious consideration and risk management. The use of specialty-compounded drugs to treat a variety of ailments is on the rise (one recent report says they […]
This Doctor’s Love Affair Became Malpractice
A doctor gets a six figure award against him unanimously upheld by an appeals court. We can protect you against lots of things, but your own actions are sometimes our greatest challenge. See the whole story as reported on medline here: This Doctor’s Love Affair Became Malpractice http://www.medscape.com/viewarticle/775952?src=nl_topic
Is a Captive Insurance Company a Fit for Your Business or Medical Practice?
In our two previous discussions we introduced the general concept of a captive insurance company (captive) as well as specific qualifying questions to help doctors pick a good captive administrator. This week we examine some key issues that can help determine if your specific medical practice is at the point where a captive may create […]
The Physician’s (and Business Owner’s) Simple Asset Protection Self-Exam
Several readers have contacted me with a similar question after reading many of the discussions featured here. Though phrased in different ways, the question is essentially this: How can I quickly figure out what I have exposed at any given time? I’ve provided a simple start to answering this question for you below. It will […]
Asset Protection for Medical Practice Receivables
A common recurring question I get from high-income practice owners and executives centers on the best techniques to protect a medical practice’s income after the individual physicians’ personal assets are well secured. The marketing for these strategies peaks around tax time and at year end when promoters are aware that doctors are especially sensitive to […]
