The Doctors Company

The Doctors Company was proud to be named a finalist for Claims Team of the Year at the Business Insurance 2024 U.S. Insurance Awards in New York on July 18. These awards recognize exceptional work by commercial insurance and risk management professionals across the industry. We were honored for the data-driven insights in our study “Diagnosis-Related Medical Malpractice Claims With Indemnities Over $1 Million: Understanding the Primary Drivers,” which examines the contributing factors behind high-indemnity claims. In recent years, most states have reported medical malpractice verdicts greater than $10 million, and high verdicts are an industry-wide concern that can lead to higher healthcare costs and decreased patient care access.   This analysis of rising verdicts provides healthcare leaders with strategies to help mitigate risk and improve care, part our mission to advance, protect, and reward the practice of good medicine.   To read the study, visit: https://lnkd.in/ggeSC92E #ClosedClaims #InsuranceIndustry #Insurance #MPLA #MedicalMalpractice #HighIndemnity #NuclearVerdicts #SocialInflation #Awards

Workplace violence in ambulatory care settings has become increasingly prevalent. Chronic and complex health conditions are treated more frequently in outpatient settings, increasing the likelihood that patients and families may become frustrated. Many healthcare workers are not trained to safely respond to these behaviors and security resources might not be available, creating a vulnerable environment for healthcare workers. In this one-hour complimentary webinar hosted by the California Medical Association and sponsored by The Doctors Company, attendees will learn strategies for developing a formal workplace violence prevention plan, in accordance with California Senate Bill 553 (2023). To register, visit: https://lnkd.in/gAVNEbrE #workplaceviolence #healthcare #patientsafety #riskmanagement

Skyrocketing malpractice verdicts, if left unchecked, will lead to healthcare becoming unaffordable and inaccessible. In this video, Robert White, President of The Doctors Company and TDC Group, explains how social inflation and nuclear verdicts are forcing insurers to evolve to combat plaintiff attorney tactics, and how we’re fighting nationwide to protect doctors and patients. Learn more about how social inflation and nuclear verdicts will shape the future of healthcare: https://lnkd.in/giqeAKiV #SocialInflation #NuclearVerdicts #ClaimsFrequnecy #MPL #ProfessionalLiability #MedicalMalpractice #Jury

We are pleased that Fitch Ratings has affirmed its ‘A’ ratings and ‘Stable’ outlook for The Doctors Company. To read the press release, visit: https://lnkd.in/gpAyztJ6 #professionalliability #FitchRatings #insurance

When addressing vaccine-hesitant patients in the office setting, practitioners must balance patient autonomy and public health. Our latest article explores the complexities of the legal and ethical ramifications of treating these patients. Learn more: https://lnkd.in/gKKjc3hn #Healthcare #Vaccines #PatientSafety #RiskManagement #PatientCommunication

Free CME webinar on July 30, sponsored by The Doctors Company: Workplace Violence Prevention in Ambulatory Care Settings. This event will discuss the workplace violence prevention plan requirements of 2023's #SB553. https://lnkd.in/gSiteXuz

Get the latest news on the ongoing threat to medical liability protections across the United States in our current issue of Government Relations Advocacy Update. Led by personal injury lawyer associations, various states are actively pursuing legislative and ballot initiatives that could undermine these crucial protections. As of mid-year, TDC Group is closely monitoring over 6,700 bills across states, with over 60 identified as high priority for advocacy efforts. The Doctors Company is committed to providing an enduring national platform for advocacy for healthcare. Learn more: https://lnkd.in/gXsukKTP #MemberAdvocacy #TortReform #GovernmentAdvocacy

From 2013 to 2023, the American court system saw a roughly 67% increase in the number of medical malpractice verdicts awarding $10 million or more. While these skyrocketing dollar amounts give the idea that the pace of medical malpractice litigation is up, the opposite is true: Claim frequency is flat or decreasing nationwide. In the latest edition of “The Trust Factor,” a weekly newsletter from Fortune, Business and Finance Editor Nick Rockel shares insights from Robert White, President of The Doctors Company and TDC Group, on how social inflation affects verdicts and increases the cost of healthcare.   To access the article and more from our team of healthcare experts, visit: https://lnkd.in/g2S4v9NR #SocialInflation #NuclearVerdicts #ClaimsFrequnecy #MPL #ProfessionalLiability #MedicalMalpractice #ReptileTheory #Jury

Given recent global and national concerns over the possibility of animal-to-human transmission of bird flu (H5N1), practices should be prepared. In “While Bird Flu Crossover Risk Remains Low, Take Easy Steps to Be Ready,” published by Part B News, Rich Cahill, JD, Vice President and Associate General Counsel at The Doctors Company, shares the most up-to-date guidance.   To access the article and more recent news from our leading industry experts, visit: https://lnkd.in/gYSD68xm #BirdFlu #H5N1 #PatientSafety #RiskManagement #Healthcare #PracticeImprovement

Medical malpractice verdicts over $10 million have surged by 67% from 2013 to 2023, with over half of those verdicts exceeding $25 million in 2023 alone. Despite fewer claims overall, "social inflation" is driving increases in verdict amounts, fueled by societal desensitization to large numbers, third-party litigation investors, and emotional jury manipulation. This trend raises healthcare costs and promotes defensive medicine, but fortunately, tort reform may offer a solution. Read more in “Medical Malpractice Payouts Are Ballooning—and Insurers Are Warning It Will Cost Patients” from our president, Robert White: https://lnkd.in/g2S4v9NR Article originally appeared on Fortune.com. #Healthcare #MedicalMalpractice #Insurance #SocialInflation #TortReform