Increased Healthcare M&A Activity: Representation and Warranty Insurance Coverage


The business of managing and operating health care facilities has grown increasingly more complex since the enactment of the Patient Protection and Affordable Care Act (PPACA) in 2010 and the Health Information Technology for Economic and Clinical Heath Act (HITECH) in 2009. Each medical facility must conform to a variety of new rules and regulations that include, but are not limited to: the adoption of Electronic Health Records (EHR), and the preparation for the transition to the 10th revision for the International Classification for Diseases (ICD-10) by October 1, 2015. The result has been a dramatic increase in healthcare mergers and acquisitions, as practice and facility budgets are not prepared to absorb the associated costs and additional liabilities. [More]


Buy up enhancements for regulatory audits and cyber


While you undoubtedly have some form of malpractice insurance already, it may be wise to reexamine and up your policy in a number of different areas, namely regulatory audits and cyber coverage. This is due to the fact that healthcare laws have gone through a sea change in recent years due to Obamacare, leaving certain healthcare providers vulnerable through the policies that they purchased before these laws were passed. Additions to this policy will cost the average physician around $1,500 to $1,700 per year, which is pennies on the dollar compared to the type of protection it provides and what it will cost you if you aren’t properly covered in these newly reformed areas. [More]


HIPAA Impact on Risk Management


Today everyone in the healthcare industry is aware of the impact of HIPAA, (the Health Insurance Portability and Accountability Act) on their daily activities. Protection of patient privacy is a paramount concern as release of patient information can have serious consequences for the patient as well as the provider. While every healthcare worker has an awareness of these regulations, few realize how easily an infraction of policy can be committed, and the associated risk to management is significant. [More]


Social Media and Healthcare Best Friends or Worst Enemies


Social media isn’t just a fad. Facebook is a $100 billion company with 1.1 billion users, LinkedIn has over 200 million users throughout 200 countries, Twitter has successfully filed its initial public offering, and Google is one of the most valuable and powerful companies on the planet. The social media revolution has affected every industry, yet it poses unique challenges for the healthcare sector. [More]