Medical malpractice refers to an act of negligence by a doctor, nurse, or other medical practitioner, resulting in the injury or death of a patient. It is an issue that not only impacts the safety of patients, but also the financial security and reputation of the delivery system that provides care for them.
In recent years, the number of medical malpractice claims filed is trending downward, however, the severity of claims is trending upward – as are the number of large verdicts. The days of ‘one-size-fits-all’ coverage are drawing to a close, and as a result new financing models, risk services, and tech-enabled tools for risk prevention and management are appearing on the market. In short, policies are becoming more customized and are becoming increasingly tied to a healthcare organization’s ability to manage its risk in effort to not only reduce premiums, but to also provide more dynamic risk financing options for organizations with clean claims histories.
Please click below to begin a 16 statement survey to gain your organization’s IQRM Effectiveness Risk Audit Score for Medical Malpractice.