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Need for HIPAA Claim Protection
Do I need a separate insurance policy for protection in case a HIPAA violation lawsuit is ever filed against me? It doesn’t seem like medical malpractice would cover this.
Question: Do I need a separate insurance policy for protection in case a HIPAA violation lawsuit is ever filed against me? It doesn’t seem like medical malpractice would cover this.
Are there policies out there and is it worth it?
Answer: HIPAA insurance policies are available. Often, they couple HIPAA issues with protection around, say, using locum tenens and other administrative-related issues. Unlike malpractice coverage, it’s not mandatory (for hospital access or credentialing). As with other types of insurance, then, to decide whether you need it, you need to examine the scope of the coverage and judge potential risk and pain against the cost. Also be sure to ask your malpractice carrier what your existing coverage protects you from in these areas; there may already be something there or some easy add-on.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
How to reduce surprise billing in your practice
November 15th 2021Physicians Practice® spoke with Kristina Hutson, a product line developer at Availity, about surprise billing events in independent healthcare practices and what owners and administrators can do to reduce the likelihood of their occurrence.
