Specialist healthcare sector underwriting agency Tego Insurance has launched three new products. After disrupting the Australian market with a doctors’ medical indemnity product which has grown to 1,400 insured doctors, Tego has now expanded its product suite to include entity medical malpractice; life sciences; and clinical trials. Tego CEO Eric Lowenstein says the medical indemnity … Read more
in General.
Doctors with recent or current complaints have significant risks of moderate/severe depression, anxiety and suicidal ideation, according to a large anonymous survey published in the BMJ. This is true regardless of whether the complaint is against a GP, an ophthalmologist, an anaesthetist, a gynaecologist-obstetrician, a surgeon or any other clinician. Most of the 7926 respondents … Read more
in General.
Formal complaints against psychiatrists, surgeons, obstetricians/gynaecologists, GPs and other doctors are on the rise and clinicians are increasingly turning to their medical indemnity insurance providers for support. For example, the Victoria Health Complaints Commissioner received 1244 complaints against medical practitioners in the 2017-18 financial year, 18% more than in 2016-17. In NSW, the number of … Read more
in General.
The Emotional Stress of a Medical Malpractice lawsuit Let’s be clear- As a physician, it’s not a matter of if you will get sued, but when. About 35% of physicians in low-risk specialties and 88% of physicians in high-risk specialties are projected to face their first claims by the age of 45. By the age … Read more
in General.
Being sued for malpractice is a major concern to most healthcare professionals. But three are other insurance issues that must concern doctors: Medicare Investigations Coronial Inquests AHPRA / Medical Board Investigations. Medical Indemnity Insurance in Australia covers Medical Investigations, Coronial Inquests and Regulators – AHPRA / Medical Board Investigations Medicare Investigations Only a small percentage … Read more
in General.
Surgeons who receive a complaint from a patient or another clinician via the Royal Australasian College of Surgeons (RACS) can seek support from the College or their medical indemnity insurance organisation. The college has produced a Complaints User Guide to explain how it deals with complaints against its Fellows, who include cardiothoracic surgeons, general surgeons, … Read more
in General.
Medical and Healthcare professionals truly face distinctive risks for a multitude of reasons, from a patient’s limited mobility to protecting sensitive patient information dealt with on a daily basis. And that’s in addition to the other risks faced, like property damage to your medical business office or loss of business records and patient files. … Read more
in General.
It is common for Australian medical practices to rent space to other doctors or allied health professionals. There are many benefits to this, including revenue, economies of scale from sharing resources such as practice staff and common areas and creating the impression that you are a large practice. However, there are also risks that the … Read more
in General.
What is ROCS? ROCS is a Australian government scheme that provides eligible doctors with free of charge Medical Indemnity Insurance for their past private practice once they have ceased working It is funded through a yearly 5% levy, the “ROCS support payment”, which is applied to all Medical Indemnity Premiums during a doctors practicing life. … Read more
in General.
Tego Profile: Dinesh Patel Specialty: Urological surgeon – private and public Medical School: University of New South Wales Internship, residencies and advanced training: Sutherland Hospital, St George Hospital, Prince of Wales Hospital, Concord Hospital, Gosford Hospital, Westmead Children’s, St Vincent’s Sydney Significant other: My supportive wife Enjoys: Music, travel, running, good food and wine Urological … Read more
