Risk Management

Current events once again illustrate the wide range of legal and physical threats to physicians' assets. 

Successful doctors face a wide variety of risks outside their practice walls. These are some common recurring seasonal legal and financial risks you can manage before spring break.

We all want to think it won’t happen to us, but the recent shootings reinforce that you need to prepare for the worst instead of hoping for the best.

An examination of asset protection issues from current news headlines highlights the defensive measures doctors and healthcare executives must consider.

Accepting payment via credit card is one way to improve patient collections. But medical practices must take precautions to ensure that their patients’ personal information remains protected.

Cybersecurity is a real and serious issue, but taking these seven steps can drastically lower your practice’s exposure to a cyberattack.

The upfront savings of purchasing computer equipment from a nearby big-box store can be tempting. But remember: You get what you pay for.

February 14 marks the beginning of the end for the “proposal season,” meaning that many newly-engaged couples are planning for weddings, honeymoons, and, if they’re prudent, prenuptial agreements.

Lax policies regarding medical records and ordering prescriptions and tests puts physicians-and their practices-at risk of DEA and HIPAA violations.

The Medical Board of California has investigated the prescribing practices of about 450 physicians whose patients overdosed on opioids months or even years later.

A trend to watch: Last year, two states made significant changes to laws related to personally identifiable information and protected health information.

One of the most powerful and predictable layers of defense every physician must implement is a complete liability insurance program.

Physicians who write a script for themselves, or their friends and family, risk a suspended license-unless they have a record of proper documentation.

One nurse at an addiction treatment program carries opioid-reversal drug naloxone, brand name Narcan, to save a life whether she's on or off the job. She's been denied life insurance because the life insurer can't distinguish those who carry naloxone to save others and those who carry naloxone because they are at risk for overdose.

Physician practice owners should start 2019 by managing these basic risks now.

A look over the Office for Civil Rights’ recent HIPAA actions reveal why privacy and security safeguards are a must for medical practices.

More patients are recording their visits at the doctor’s office, sometimes without permission.

Follow these simple tips to detect-and prevent-financial fraud in your medical practice. 

As some experts warn of another economic downturn, the following financial issues should be part of your recession survival planning.

Medical practices replacing computers and related electronic equipment at year end must carefully manage their disposal to avoid significant liability.

The holiday party season traditionally starts next week, right after Thanksgiving. Consider what your medical practice should and should not be doing at the office party to avoid liability.

If you keep a few basics in mind, it’ll be easy it easy to pick the perfect spot for your next space.

Here are a few things to keep in mind when seeking financing for a new practice location.

Insurance giant Anthem was recently tagged with a $16 million-dollar HIPAA penalty. What can you do to keep your solo or small practice from getting hit?

Yes, you need to delegate some tasks to employees. But as practice owners and administrators, it’s your responsibility to oversee and double check-not blindly sign your name for a whole lot of trouble.