By Eric Lowenstein on Wednesday, October 31st, 2018 in General.
Starting or buying a practice can be one of the most exciting milestones of a doctor’s career. However, there’s so much to do that you might forget to think about the risks involved and how to manage them. That’s why it’s important to get tailored advice from an accountant and a lawyer well in advance … Read more
By Eric Lowenstein on Monday, September 24th, 2018 in General.
Medical Indemnity Insurance continues in perpetuity after Australian doctors retire from private practice, thanks to the government’s Run-off Cover Scheme (ROCs). This means that retired doctors and those on maternity leave are covered for any claims arising from any act or omission that occurred at any stage of their career in private practice. To qualify … Read more
By Eric Lowenstein on Thursday, May 24th, 2018 in Doctors of Tego.
Tego Profile: Dr Ben Olesnicky Specialty: Anaesthetist in public and private practice Medical School: Flinders University of South Australia Significant other: Wife Weekend pastime: Being dad’s taxi for his three young daughters Enjoys: Playing golf and eating out on weekends, particularly at the Otto Italian restaurant in Woolloomooloo Dr Ben Olesnicky comes across as a … Read more
By Eric Lowenstein on Thursday, January 31st, 2019 in General.
First and foremost let’s be clear- all Medical Indemnity Insurance policies are not the same. Here are two areas of concern- choosing the right policy and when you should you review it, which illustrate this point. In regard to deciding on a Medical Indemnity Policy– here are the essential questions to ask- Does your policy … Read more
By Eric Lowenstein on Thursday, May 24th, 2018 in Doctors of Tego.
Tego Profile: Dr Diana Semmonds Specialty: Ophthalmologist – private and public Medical School: University of Sydney Residency: Townsville hospital, Newcastle hospital and Sydney Eye Hospital Significant other: Husband Enjoys: Sport, yoga and travel There were relatively few women doctors and even fewer women ophthalmologists 30 years ago when Dr Diana Semmonds was deciding on … Read more
By Eric Lowenstein on Tuesday, May 22nd, 2018 in General.
The reality of protecting your patients’ privacy is about preparing for when, not if, the next risk will emerge. The rate of data breaches in Australia continues to affect businesses both large and small, with a 2017 IBM Security Report estimating the average total cost of data breach amounting to $2.51 million. Therefore, putting privacy … Read more
By Eric Lowenstein on Friday, May 4th, 2018 in General.
A number of doctors have mentioned that they worry about changing medical indemnity insurers because they’re concerned that if they switch insurers, they’ll lose their retroactive (‘tail’) cover. This post demystifies retroactive cover in medical indemnity insurance policies. What is retroactive (or ‘tail’) cover? Retroactive cover, also known as ‘tail’ cover, is insurance cover for … Read more
By Eric Lowenstein on Friday, May 4th, 2018 in General.
Claims Made. Occurrence Based. Circumstances which could give rise to a claim. These terms are insurance jargon. And if you want to understand how medical indemnity insurance policies operate, you need to be familiar with these terms. So, what do they mean? Occurrence Based versus Claims Made policies An occurrence based policy is the most … Read more
By Eric Lowenstein on Monday, April 9th, 2018 in General.
Part 1: Do you use your mobile phone to share clinical information? What are the options? What are risks? TEGO: As part of our ongoing discussions with our members, we have found that there are a number of uncertainties and misconceptions around the use of digital technology for clinical work. We have started to work … Read more
By Eric Lowenstein on Monday, April 9th, 2018 in Publications.
A number of doctors have told me that they worry about changing medical indemnity insurers. Why? Because they’re concerned that if they switch insurers, they’ll lose their retroactive (‘tail’) cover. This post demystifies retroactive cover in medical indemnity insurance policies. What is retroactive (or ‘tail’) cover? Retroactive cover, also known as ‘tail’ cover, is insurance … Read more