Miami Fl Malpractice Insurance and Risk Management

Miami Fl Malpractice Insurance and Risk Management

Most people who go to school to be doctors and healthcare providers do so out of their desire to help others. What some of them fail to understand is that medicine is still a business. Like most businesses, it requires some type of risk management planning, which is not a term that one often hears during medical school. Yet, it should be an essential practice for all healthcare providers, given the unfortunate likelihood of being served with a medical malpractice complaint at least once during a career.

While having Miami FL malpractice insurance is absolutely essential, it doesn’t protect physicians from the emotional burden that a lawsuit will likely inflict. Which is why it’s important that you take some time to consider ways of reducing your risk of a lawsuit.

Ensure that you have the patient’s informed consent

One way to reduce some of the risk of having to implement your liability insurance policy is by prioritizing each patient’s informed consent. This is particularly true of patients who are anticipating a medical procedure, and this includes anything from brain surgery to a simple vaccination. Remember that there are exceptions to the standard guidelines for informed consent. If your patient is a minor, mentally disabled, or otherwise doesn’t have the capacity to make decisions, you must obtain informed consent from the individual’s legal guardian or proxy.

Keep up with current trends and developments

Like any other business, healthcare is constantly changing, as new techniques, new medical breakthroughs, and new types of medicines are being discovered and created. It should come as no surprise that claims are made against physicians who come under scrutiny, or are accused of negligence, for failing to keep up with the latest medical research and approaches for disease management.

It’s a pretty tall order for anyone to expect all healthcare providers to stay current in all areas of medicine. However, it certainly can’t hurt to brush up on any major industry changes brought to your attention, particularly those that apply to your area of specialty.

Finally, do proper follow-up with patients to prevent imaging scans or other tests from being overlooked. In some cases, your office might not even receive the results, or the patient may fail to report to the clinic for testing. Implementing an effective system in your office that tracks follow-up requirements is sound management planning.

You’ve worked hard to get where you are today. Protect your practice and yourself with Miami FLmalpractice insurance. Speak to an agent about any questions and concerns.